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Please see the below detail:: g, f, V( |/ |
Line 369 – Home buyers’ amount
9 ^' e# _ O& l/ Q1 uYou can claim an amount of $5,000 for the purchase of a
' h! p x* T! Q$ X* _) yqualifying home made in 2010, if both of the following1 h: y% q. s/ P7 e; t
apply:
+ l, W* L+ O$ J7 X7 ~■ you or your spouse or common-law partner acquired a
3 S5 e. I( m3 j, u# qqualifying home; and# H* x- T7 i2 a h4 V3 T! S
■ you did not live in another home owned by you or your. V) p p- \5 M8 F$ R3 f$ \
spouse or common-law partner in the year of acquisition; h: P+ @* R& d2 s6 k9 ^
or in any of the four preceding years (first-time
* J; ]9 A0 ^3 X Ghome buyer).
* B8 J9 b7 y; P4 V( K" T$ ZNote
. U" c$ O }! Q& L% GYou do not have to be a first-time home buyer if you are; j6 C( X1 Q* y7 Y
eligible for the disability amount or if you acquired the6 _& r7 N% l7 T6 ~
home for the benefit of a related person who is eligible
: g- f7 y$ o& s5 t6 Zfor the disability amount. However, the purchase must, h3 e. s8 r' y% t8 ^% W+ }
be made to allow the person eligible for the disability
' G8 b$ k Z; I" d$ O7 s1 B; Jamount to live in a home that is more accessible or better4 d7 R. u7 E. l2 I/ P% Q- V9 O Y7 ?6 u
suited to the needs of that person. For the purposes of
& i, v* l% S$ f s3 Dthe home buyers’ amount, a person with a disability is
; N9 I* D4 R+ w8 [1 F; yan individual who is eligible to claim a disability amount
; N. d, |: o% m7 ~for the year in which the home is acquired, or would be2 [8 b7 O. { n3 G
eligible to claim a disability amount, if we do not take
: d* v" i( G0 l9 winto account that costs for attendant care or care in a
8 C$ K; M. r4 N% h5 S, Xnursing home were claimed as medical expenses on lines" _1 d0 m8 ?5 J1 m0 H' Z. c6 |
330 or 331.9 [% x1 j% D( [& \8 ?. ~# a: @* e
A qualifying home must be registered in your and/or your: Q- ~$ F) G1 u
spouse’s or common-law partner’s name in accordance
9 b1 A% Q; g- g6 X' zwith the applicable land registration system, and must be
& C+ q- B5 O# X0 j8 wlocated in Canada. It includes existing homes and homes6 b! [+ [7 ]6 U: h: R d+ h1 u
under construction. The following are considered
1 i9 c! c7 h. G8 S7 ~& v. |0 K* Equalifying homes:
# X" O6 h; d9 K# v6 Z% q■ single-family houses;) g: {5 I x6 n4 O, w% l7 w/ E
■ semi-detached houses;
; h- P1 p7 @- D6 ]: }■ townhouses;
( O0 Z! O5 Y* c6 V, s1 a■ mobile homes;% w+ i/ R" a* s; Q
■ condominium units; and! `; j* p2 V1 E% ^
■ apartments in duplexes, triplexes, fourplexes, or* G* m( o* r V1 G5 i
apartment buildings.5 v6 @9 n; k, G
Note- P% x( e1 j& z
A share in a co-operative housing corporation that! p: H% M3 C7 I# p5 |& _. u' @
entitles you to own and gives you an equity interest in a7 j: R4 D- {. L
housing unit located in Canada also qualifies. However,6 E, E5 k; h" f0 [' F& }; }
a share that only gives you the right to tenancy in the- w# b& O: I x+ k; P) J) y
housing unit does not qualify.2 O) M' G% l( i* D& |7 c2 q- ?% ?
You must intend to occupy the home or you must intend' q' k5 T0 o" V* `0 t/ k5 K
that the related person with a disability occupy the home as
1 K- }. b: {* L4 S7 F) xa principal place of residence no later than one year after it
% K9 B/ g- f% q- l) b* E, U& v+ ^is acquired.3 ]( E3 }& E& E8 L; c9 H4 Q6 v: V
The claim can be split between you and your spouse or
. W- O' e8 }/ S) wcommon-law partner, but the combined total cannot exceed
( Q/ W& l$ N5 ]+ _& n$5,000.
) P* a( Y+ }- r. {& sWhen more than one individual is entitled to the amount
6 J$ a8 ]" A: U0 M- N8 c(for example, when two people jointly buy a home), the1 k: t% D# G, ]: M, C
total of all amounts claimed cannot exceed $5,000.& o' g w" g; a' j
Supporting documents – If you are filing electronically, or# S" z: |! J& P" \- v
filing a paper return, do not send any documents. Keep all. v' z* X, ?; T& S$ L: W; |
your documents in case we ask to see them at a later date. |
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