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Please see the below detail:9 e2 t. A$ w& y3 s7 J
Line 369 – Home buyers’ amount/ r! n2 [7 s+ g
You can claim an amount of $5,000 for the purchase of a2 ^4 z) e7 ]6 r) O
qualifying home made in 2010, if both of the following
6 y9 s0 i) _! H% ^" ~apply:" W2 A( I- I1 k( j; ?! L; z( q# V% s
■ you or your spouse or common-law partner acquired a
) X! J9 A5 ?# }1 ~# O+ @: |% gqualifying home; and
; `4 O# v, b E C; Y$ T■ you did not live in another home owned by you or your
# U' N4 o! w3 b B/ t2 q( H3 \spouse or common-law partner in the year of acquisition
2 |1 i* `" q6 I) |& }or in any of the four preceding years (first-time! c, c: d s" ^" V+ h
home buyer).
/ U$ o% S3 O) [- b4 Y0 H. \- o/ [( g( sNote0 n' x$ L* o! L
You do not have to be a first-time home buyer if you are
8 D! ~( [. F' x' ]- A, E, Xeligible for the disability amount or if you acquired the0 v" n. n0 y% n5 E; Q+ U% w" \/ o N
home for the benefit of a related person who is eligible
+ E% f& r& B$ h- `/ ifor the disability amount. However, the purchase must
! J( L5 F$ ]. Q9 `9 [7 ibe made to allow the person eligible for the disability' x9 X8 L5 p+ c( B
amount to live in a home that is more accessible or better" p5 c1 I/ |, z) R
suited to the needs of that person. For the purposes of
: m! ~8 J% w8 @& b0 M- Cthe home buyers’ amount, a person with a disability is
" V; q1 Y% f- \an individual who is eligible to claim a disability amount# ?. m4 e7 t: I1 S% J
for the year in which the home is acquired, or would be" V) h2 J/ d1 G" n: K9 s9 m
eligible to claim a disability amount, if we do not take
6 t. L( j# h; N& P0 Z% Rinto account that costs for attendant care or care in a# D% z6 i7 o: w6 [
nursing home were claimed as medical expenses on lines% G; E R7 E! U ^; r3 i1 c
330 or 331.# f4 ~9 `* |) e" I
A qualifying home must be registered in your and/or your
9 W% i7 L! D+ g( x4 l, s& v. Kspouse’s or common-law partner’s name in accordance+ o6 Q2 W# A8 F ?& [% T
with the applicable land registration system, and must be; M7 D- ]1 Q# ?; L2 Q* W
located in Canada. It includes existing homes and homes- N0 z0 Q, C3 k* w: @8 O
under construction. The following are considered: G3 x: n# I2 B$ ^7 P) X7 k
qualifying homes:( i0 S4 a" T. S9 S: R4 U5 t" T* \
■ single-family houses;
7 [- d$ L3 _; ~6 x■ semi-detached houses;' n( z+ ?2 g h* S( B
■ townhouses;: \& F( p; W4 a! D s0 c
■ mobile homes;+ d# A5 A# M) z3 l9 }
■ condominium units; and
2 K1 W# J) M5 X■ apartments in duplexes, triplexes, fourplexes, or& K2 `2 h5 h; u* W4 L
apartment buildings.
6 d0 X8 r ~& N( r) ^: f; t, ZNote
2 B, N; {2 y* |0 O1 O" \A share in a co-operative housing corporation that
$ H- [. g' r2 z" r9 hentitles you to own and gives you an equity interest in a2 o4 H; \7 Z) A/ b% y3 W& ?1 W
housing unit located in Canada also qualifies. However,
1 @! i Q) p& ]0 F: b9 ba share that only gives you the right to tenancy in the2 v- B8 n# W" f- f# G" S, R* T5 V
housing unit does not qualify.$ {/ O! }) M- x2 h
You must intend to occupy the home or you must intend
6 t1 U; ~! W. ]4 t; V0 Uthat the related person with a disability occupy the home as
7 N( g/ A+ R, H: V' D, La principal place of residence no later than one year after it& [: P$ q; o. r, ?
is acquired.
8 r7 J' r" x+ n6 @The claim can be split between you and your spouse or
; g! o( B B- K" m4 ~ }9 hcommon-law partner, but the combined total cannot exceed1 H/ }3 t: o% J- L/ _7 z! K; ^
$5,000.) E8 c4 c( x8 \: K a
When more than one individual is entitled to the amount
' J: ^$ h; W( T+ F* h+ T9 E5 l(for example, when two people jointly buy a home), the
5 o$ K9 g! D$ e8 j1 k/ rtotal of all amounts claimed cannot exceed $5,000.
: `! M) @0 a0 [; T9 }: OSupporting documents – If you are filing electronically, or
- ]6 n+ p0 m+ k8 b) w: sfiling a paper return, do not send any documents. Keep all/ s" Z' T9 G% \4 L, _; _
your documents in case we ask to see them at a later date. |
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