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Please see the below detail:
) b0 d' t* z- S" XLine 369 – Home buyers’ amount
3 n7 n8 W2 g, \3 W1 wYou can claim an amount of $5,000 for the purchase of a7 y0 U8 E' f- _9 t
qualifying home made in 2010, if both of the following7 n6 W/ |) y2 y1 n
apply:- j5 `- `- {; |. T* h( V
■ you or your spouse or common-law partner acquired a; f( t4 e& A2 h9 @' E* a! w$ m
qualifying home; and3 y- S+ @! e) ]' R, G2 K! o
■ you did not live in another home owned by you or your1 b+ P5 P4 P5 v/ d Q! ]& g5 q
spouse or common-law partner in the year of acquisition6 y' q" G4 p0 n# W& j! |2 Z1 d
or in any of the four preceding years (first-time3 ~) V/ a/ }3 @+ k2 k3 E7 \
home buyer)., e( a5 s4 L2 b0 M3 }
Note& h* i' ]) A" |" Q4 G
You do not have to be a first-time home buyer if you are- r6 g; c& L8 j9 @! J/ T* c. j
eligible for the disability amount or if you acquired the; V# p' p& E( p! b6 j
home for the benefit of a related person who is eligible% ^+ O: L) O5 b
for the disability amount. However, the purchase must' @. M+ w: S9 d! E; o+ |8 v
be made to allow the person eligible for the disability
7 D a9 z. A9 t% Tamount to live in a home that is more accessible or better0 y7 V4 K% \) `, Q
suited to the needs of that person. For the purposes of, }; w' @2 s- W
the home buyers’ amount, a person with a disability is
; w) i" _& ~$ gan individual who is eligible to claim a disability amount
7 D3 Z% a8 q8 Nfor the year in which the home is acquired, or would be0 E& R6 C, x; N- S
eligible to claim a disability amount, if we do not take
; \) R. P6 E$ G! e3 r. c4 ^into account that costs for attendant care or care in a
* Z: p% V& C. r8 D1 F5 @nursing home were claimed as medical expenses on lines
, j& y. `. a) a/ [ {$ n330 or 331.
1 Y+ e& u7 `' C5 h. iA qualifying home must be registered in your and/or your& R) ]( N1 i. f/ j O
spouse’s or common-law partner’s name in accordance% [, k9 w% o1 a6 Q, \4 G/ |+ Q, {
with the applicable land registration system, and must be
! r6 Z6 T7 h r: glocated in Canada. It includes existing homes and homes4 Z5 b# @1 c( _% P. }
under construction. The following are considered8 K1 Y" P0 `1 `& d- V9 }
qualifying homes:
( H/ U! b# i- K0 h' o# Q, l■ single-family houses;9 h9 u- Z( Y K- A4 e s8 R
■ semi-detached houses;
. Q: q8 F/ I/ a0 [( c; F" d■ townhouses;
' t$ S4 V, j+ R( `& b■ mobile homes;3 { [1 X" r. c
■ condominium units; and) x' u. P7 T4 B+ I# q4 d8 P
■ apartments in duplexes, triplexes, fourplexes, or, O! {7 j, O' o {% V
apartment buildings.
7 B9 U5 U R1 f* B. ONote
. Y* ?) t# B0 N1 SA share in a co-operative housing corporation that
/ E- N" r! T( |+ P, ^1 zentitles you to own and gives you an equity interest in a
6 C& ?& X1 G7 a7 ^/ o# qhousing unit located in Canada also qualifies. However,! H# A; z$ j" R1 c5 z ?5 l2 A) F
a share that only gives you the right to tenancy in the/ V6 }2 S' z$ U
housing unit does not qualify.& e4 u' [) `$ V6 y5 ?
You must intend to occupy the home or you must intend2 D* W1 z$ K+ \( J
that the related person with a disability occupy the home as9 m' j& p2 H4 ^" h! q) L5 m) J
a principal place of residence no later than one year after it* X- {1 P# \1 o( \1 ~! P/ J& Y
is acquired.7 e. X, ]! n6 G8 c% i) A; l& d h
The claim can be split between you and your spouse or+ h: z" {% S7 y1 B# i* \0 R
common-law partner, but the combined total cannot exceed: Q$ N+ c0 i0 u+ d
$5,000.
& d, t" h$ l2 p: W: u2 {When more than one individual is entitled to the amount9 l6 `8 w4 H& @: [( Q9 g' ^0 c
(for example, when two people jointly buy a home), the; |$ w/ M( }3 g: @6 ~1 y
total of all amounts claimed cannot exceed $5,000.8 d2 Q- g* N) I/ a! x
Supporting documents – If you are filing electronically, or
" s: B: J$ h5 n: g0 i6 Afiling a paper return, do not send any documents. Keep all5 ^. w! l7 m( `" N
your documents in case we ask to see them at a later date. |
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