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Please see the below detail:' m6 M+ N3 F% M- T. V1 g: v( D9 q
Line 369 – Home buyers’ amount
# A' b! X- ~ x! Y. C) M1 Y. _You can claim an amount of $5,000 for the purchase of a! ~7 k) T7 D0 K
qualifying home made in 2010, if both of the following
- G* M3 H( W* u3 gapply:
3 E1 ^0 }. |. v. Y( e0 t9 {6 {■ you or your spouse or common-law partner acquired a1 i/ n7 X5 R0 F7 [5 f* ?# v y5 W; P+ L
qualifying home; and$ n* i* U% T- q
■ you did not live in another home owned by you or your
% t& @0 ]. z! V: B, d: {! Vspouse or common-law partner in the year of acquisition
# I! {( ?- H& b$ q- P# bor in any of the four preceding years (first-time
{1 l( L, w, Y: J# xhome buyer).
2 S! O }: b b ^Note
6 c0 b% ]2 f* XYou do not have to be a first-time home buyer if you are
2 J6 b# B5 t2 N7 r" @eligible for the disability amount or if you acquired the7 i4 ~: }8 l3 {/ A0 d1 y5 o
home for the benefit of a related person who is eligible# ?# k: K B9 I$ ]( A
for the disability amount. However, the purchase must, ]. G, B4 a5 [9 f
be made to allow the person eligible for the disability
: b8 Z. u5 y! m/ b7 hamount to live in a home that is more accessible or better3 s M, M) |. |8 O& q4 @" }
suited to the needs of that person. For the purposes of
* j+ k. X8 [ wthe home buyers’ amount, a person with a disability is! r9 Z4 I H8 p7 N
an individual who is eligible to claim a disability amount# C. \ M6 m, O4 b, W
for the year in which the home is acquired, or would be
! U- _! N4 _$ _: z: \+ z8 Leligible to claim a disability amount, if we do not take- m Z( _6 ^, `" Q6 N# q
into account that costs for attendant care or care in a
7 \2 F6 u; t& \2 Y( R; u5 L& onursing home were claimed as medical expenses on lines
8 h9 j' ?, T" p4 G330 or 331.
" s: i e; E. j4 X3 ~/ xA qualifying home must be registered in your and/or your& H! @! e; F i2 I# t7 m7 i5 F* N
spouse’s or common-law partner’s name in accordance
; s' h( s. i, ]/ ~with the applicable land registration system, and must be
: \% v1 _# K7 _2 D7 Ylocated in Canada. It includes existing homes and homes) K o# x! R: P* s. Y
under construction. The following are considered; H' l9 t( u( L% A6 {+ r
qualifying homes:
/ `7 Q7 }% o; p■ single-family houses;
4 i5 i1 X- t! e8 s. ]6 E; H■ semi-detached houses;: N' } M1 B/ f$ |' p
■ townhouses;
0 L. C; v6 ^8 B/ t$ j! B■ mobile homes;* L) H+ |* }4 u) v0 W6 x
■ condominium units; and6 K! g7 U: O1 O) F
■ apartments in duplexes, triplexes, fourplexes, or" O" w6 \- I6 _9 o- p* M
apartment buildings.
% m2 T1 R) h1 N2 BNote
( P. G/ b% p+ w( mA share in a co-operative housing corporation that) l$ g- f6 `6 c' c! j) T# z; S; f
entitles you to own and gives you an equity interest in a) _- D1 P. N3 \& g5 J9 _, [$ }
housing unit located in Canada also qualifies. However,
! r: W$ v" L$ x) q. W4 B) Da share that only gives you the right to tenancy in the
1 d$ s1 O& S4 D v% o6 Dhousing unit does not qualify.3 I7 ^5 o- I" M; B) ^
You must intend to occupy the home or you must intend: o9 S# Y {9 q3 _
that the related person with a disability occupy the home as: E a( U1 T, `+ l; \2 i0 {
a principal place of residence no later than one year after it( ?1 G" `" ~+ B5 s
is acquired.
- N6 V) o" V% L0 H5 H/ pThe claim can be split between you and your spouse or1 {; M o+ p4 _! v1 ~7 U4 i
common-law partner, but the combined total cannot exceed' l" N0 \; o1 V5 \$ K, D8 J
$5,000.) a# N# J( W7 f
When more than one individual is entitled to the amount% U% D" C3 ^ T) |, F* H$ ], q
(for example, when two people jointly buy a home), the4 Q2 G. P5 S* p9 \# w% Y M
total of all amounts claimed cannot exceed $5,000.+ M7 ` b# f4 R- x. f O
Supporting documents – If you are filing electronically, or. O! i7 c" U, s0 N6 @
filing a paper return, do not send any documents. Keep all
9 `* r! R* H2 tyour documents in case we ask to see them at a later date. |
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