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Please see the below detail:( w$ @& B3 i% l3 z$ X
Line 369 – Home buyers’ amount1 P- i3 ?/ Q6 z; Q
You can claim an amount of $5,000 for the purchase of a8 ^" X/ s$ E! b- F) E
qualifying home made in 2010, if both of the following
/ V# I! q+ g# q# |7 t. r( b$ capply:* J/ v% C1 [& G) w: h
■ you or your spouse or common-law partner acquired a2 {( z, d/ Y' P( z
qualifying home; and
f9 S: f) T7 Q! T, q■ you did not live in another home owned by you or your
% _0 ]: s7 X* Z! }spouse or common-law partner in the year of acquisition. n# g( \+ g; X+ p' I$ |
or in any of the four preceding years (first-time& U; u0 V- O# F3 F7 D: T
home buyer).
' S( z$ f9 u7 J) {2 G1 [) s4 L s; N4 iNote" C! e" i+ K, t: w& X$ C
You do not have to be a first-time home buyer if you are
- a- L! n1 s" s8 W- Feligible for the disability amount or if you acquired the
/ W) z) |3 r6 J' Ghome for the benefit of a related person who is eligible8 R& [" ~, N0 K# [( |+ a6 S
for the disability amount. However, the purchase must# Z0 w: n/ y( v G n* C
be made to allow the person eligible for the disability
$ _: [! X& Q+ \5 v' S4 B# damount to live in a home that is more accessible or better
! a' f/ W! S$ jsuited to the needs of that person. For the purposes of: z; M% m3 |& M# D% m1 j
the home buyers’ amount, a person with a disability is
5 i; ^' N6 e" B2 D9 C3 P% zan individual who is eligible to claim a disability amount) R' e; j- e+ H/ F# U
for the year in which the home is acquired, or would be
9 g" C5 }+ r6 neligible to claim a disability amount, if we do not take
8 P" Z M5 x" ]5 Y! f/ E Uinto account that costs for attendant care or care in a
G. l3 o0 d# d' |7 ?- Z4 jnursing home were claimed as medical expenses on lines
. T; I) [% |' T* A. [/ k8 I" z' a330 or 331.
4 [" F A. I+ y7 H n7 v1 q+ bA qualifying home must be registered in your and/or your2 ]- R: V0 t) s6 L( J/ R
spouse’s or common-law partner’s name in accordance8 B$ o- l- _9 q* {7 ]3 V' x; h
with the applicable land registration system, and must be
" I1 Q5 l0 m8 h1 H# V/ ?located in Canada. It includes existing homes and homes! R$ K7 K' h6 H4 m2 N; I8 Q: b
under construction. The following are considered9 @8 W0 D& g2 ?* C- F' q" x) q
qualifying homes:. o. l- _& o* T# z" `, i) J
■ single-family houses;
6 ?. R. p* `: O9 y v( X% K■ semi-detached houses;1 H! i# ?6 c. A
■ townhouses;% n! w; B" w" d& B" w3 i
■ mobile homes;
9 U D) b$ H/ n! I7 C■ condominium units; and% x$ J7 l! v3 X$ P' \7 m) r
■ apartments in duplexes, triplexes, fourplexes, or3 x# b0 U. t$ e& \1 q& G8 [7 L: d
apartment buildings." q& Y$ f& f( e/ ]" G6 |
Note
# S* W8 j& f4 Q- H! M$ RA share in a co-operative housing corporation that
5 Z1 g+ C% _" |) B, ?entitles you to own and gives you an equity interest in a5 B5 z: S( o% i4 Y0 I5 {" ~+ s; q
housing unit located in Canada also qualifies. However,& R D9 I* g5 }" a3 {. h3 d
a share that only gives you the right to tenancy in the5 Q9 e; Z. V+ J0 V0 U% q
housing unit does not qualify.
5 S1 [* ~8 Y9 Q' V5 e8 O/ M% s1 _3 KYou must intend to occupy the home or you must intend% ^5 }' R! P5 m4 P$ {
that the related person with a disability occupy the home as( `+ l3 [3 ^( @" q6 Q
a principal place of residence no later than one year after it9 O" H' k; D- S- Q! h) G2 b; Y
is acquired.: U) [7 _: H/ k: l1 ?
The claim can be split between you and your spouse or1 h/ ?/ c8 F& `/ V: k
common-law partner, but the combined total cannot exceed
$ C$ k2 N! b* k0 S1 e$5,000.
) n0 X7 |, t8 b, T* N3 nWhen more than one individual is entitled to the amount
+ q* {% a2 T( U' G# Z7 r3 g(for example, when two people jointly buy a home), the
! r7 t1 s* H/ \& i* F3 Htotal of all amounts claimed cannot exceed $5,000.
4 b7 j2 C9 s9 f! E! E5 k; GSupporting documents – If you are filing electronically, or
7 h& d" L$ U6 F. c; E% Cfiling a paper return, do not send any documents. Keep all
& h) z- ~- g0 C# D3 O- Hyour documents in case we ask to see them at a later date. |
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