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Please see the below detail:
e8 J: @' b; h; {9 d& yLine 369 – Home buyers’ amount" i- {) p0 A5 s3 |* }
You can claim an amount of $5,000 for the purchase of a
4 x9 a- R$ S6 W% h5 T* W$ _qualifying home made in 2010, if both of the following
9 J3 n7 n5 h1 z; Gapply:7 s7 Z9 _# ~: E( V& F
■ you or your spouse or common-law partner acquired a9 i1 y. r$ V1 J# \5 G) n! O
qualifying home; and
' t4 h# m/ M& u: ]5 x2 R■ you did not live in another home owned by you or your
" F8 s& F, s) ]) y8 q9 R! `* F, r8 fspouse or common-law partner in the year of acquisition
+ `, z$ H: j# n2 j) Y# v% lor in any of the four preceding years (first-time
9 p- N! t3 i' f, k# c- ~home buyer).
3 i0 g; ^! D; T; W9 S3 _( LNote$ J; { d0 B! m/ s4 x* L. [
You do not have to be a first-time home buyer if you are; k! G) v* N! ~# m
eligible for the disability amount or if you acquired the
* I5 Z1 b+ b, T( q y3 U! B/ Ohome for the benefit of a related person who is eligible$ R; {4 I& m9 `' `5 n6 [
for the disability amount. However, the purchase must
0 J# \0 L3 w2 `- e% @, \be made to allow the person eligible for the disability
; ? ~: S' [& b. B4 |: ramount to live in a home that is more accessible or better
8 ]" |1 {% c! i' E( tsuited to the needs of that person. For the purposes of
! s: v6 R0 F- Dthe home buyers’ amount, a person with a disability is
( N U J- V7 s9 wan individual who is eligible to claim a disability amount
' }% s' G2 Y5 D! Y- @+ Rfor the year in which the home is acquired, or would be
( Z+ E0 c5 [. @! n! M5 Feligible to claim a disability amount, if we do not take
u4 V, f$ q1 b# A0 u, j9 Dinto account that costs for attendant care or care in a
! x2 i1 }" u. _ |- Onursing home were claimed as medical expenses on lines. [4 _* k7 @! @6 {* U
330 or 331.
7 @9 W; ^/ L9 ?- q; o. D! Y( @A qualifying home must be registered in your and/or your2 `5 h+ O/ z& a2 { `. k% B4 ^
spouse’s or common-law partner’s name in accordance/ m6 } J4 r) {6 i2 m& E
with the applicable land registration system, and must be
" m/ |" h$ Y9 `% elocated in Canada. It includes existing homes and homes+ u" v& T, M" w$ ~- f( q5 c$ G
under construction. The following are considered
2 y3 ~$ u2 F1 n$ Yqualifying homes:$ @ m1 B \ @' R. v# x
■ single-family houses;& u8 i4 q, H: ~& O0 @
■ semi-detached houses;/ \! D3 G( X# i
■ townhouses;, T/ m& U1 v1 ]( ^* \9 p
■ mobile homes;
% `( g l) O; [" k■ condominium units; and
# @" Y) q* G& t+ y& D$ W+ u■ apartments in duplexes, triplexes, fourplexes, or' K6 j4 r5 G" U0 n" P7 }' t! ~
apartment buildings./ v" b9 n9 W+ ~, k, B& x
Note; j6 }& }% N4 c1 x: x# g
A share in a co-operative housing corporation that8 [' |, L l" Y1 w/ R$ |
entitles you to own and gives you an equity interest in a$ z2 U( D H/ S5 p
housing unit located in Canada also qualifies. However,
/ v+ S) j1 I7 K8 o: V, wa share that only gives you the right to tenancy in the
1 D1 G# l& y- s4 P8 g! E0 Ohousing unit does not qualify.
+ I( O+ z z3 u$ e0 sYou must intend to occupy the home or you must intend+ [, Q1 M2 V/ O7 R& h+ A
that the related person with a disability occupy the home as) u1 Y, m: t' ?
a principal place of residence no later than one year after it0 J& _ E, m; T% z- |8 W
is acquired.# J8 l* s: g' h, j
The claim can be split between you and your spouse or1 W2 k: }1 M+ K2 K
common-law partner, but the combined total cannot exceed; }% M: M& I. b9 d0 g
$5,000.; D% Z* b: v" z1 Z# [3 v
When more than one individual is entitled to the amount4 q/ Y% I+ b% `
(for example, when two people jointly buy a home), the- N/ W( q h5 n# I6 A1 w3 u
total of all amounts claimed cannot exceed $5,000.6 w2 g, C& t4 a6 s& q1 ~
Supporting documents – If you are filing electronically, or5 [9 O; ?$ j& R) S, n
filing a paper return, do not send any documents. Keep all$ R, K# m: h4 F- W' ~
your documents in case we ask to see them at a later date. |
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