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Please see the below detail:' |6 ^) B4 y. K
Line 369 – Home buyers’ amount
9 S4 u% Z4 a* D1 S4 }) }1 MYou can claim an amount of $5,000 for the purchase of a
' A9 `3 F( J; i+ ^9 I; Mqualifying home made in 2010, if both of the following& s! E9 S8 w5 ~% P1 \
apply:
5 K/ h$ f+ j% U0 Y( `■ you or your spouse or common-law partner acquired a; ~& w2 y4 z1 y( I9 Y' X" ?9 u7 o
qualifying home; and0 K# O# J3 @+ @
■ you did not live in another home owned by you or your
" u1 R" g. G8 e4 K: V, K1 @( {spouse or common-law partner in the year of acquisition& V( A" F% `( m7 o- F% Z' ?
or in any of the four preceding years (first-time
% u- j4 R* p) m7 s5 q) p1 ?home buyer).: \& i( w& y4 S' {7 k' x3 C
Note
5 P4 k% g W8 K( |( D* IYou do not have to be a first-time home buyer if you are3 n7 `/ {: {8 D' I4 s9 s
eligible for the disability amount or if you acquired the" V8 b0 p$ m0 [% h
home for the benefit of a related person who is eligible6 } X7 z, l, B7 S
for the disability amount. However, the purchase must% W/ x! a$ p4 D- w+ n" f V
be made to allow the person eligible for the disability
, o! h/ X/ \3 Y1 o. x& m' Camount to live in a home that is more accessible or better
+ ~$ E8 R8 f2 y" k U! U0 U% Esuited to the needs of that person. For the purposes of3 c. g( z! R6 M) e4 e- z
the home buyers’ amount, a person with a disability is# X, S$ r e! ~% R
an individual who is eligible to claim a disability amount
5 m" {1 m" A2 @( [8 q0 Jfor the year in which the home is acquired, or would be
3 E# L$ E7 r1 X. P+ s5 Seligible to claim a disability amount, if we do not take
$ ^- u' [8 W4 ] p( ^into account that costs for attendant care or care in a6 U3 X& P- L9 }+ q$ d, G
nursing home were claimed as medical expenses on lines
! w0 D7 ]5 `, U: V330 or 331.! ?# G; `+ o7 z' R$ z" t3 b
A qualifying home must be registered in your and/or your
! {# h( w# ^) H) \& gspouse’s or common-law partner’s name in accordance
! ?9 h2 r T2 N, twith the applicable land registration system, and must be
7 t$ q: V( N0 D$ [0 P6 C- L2 O& glocated in Canada. It includes existing homes and homes" R" K2 }' w3 i& [0 F" S; W
under construction. The following are considered
. |4 X1 B, {" X- Qqualifying homes:2 C+ B* l& U S
■ single-family houses;
7 n5 d4 W; B" E' r! I! ^■ semi-detached houses;8 h' x' x+ B, Z' d" G8 J
■ townhouses;
9 f3 V1 j% }6 A$ z& E* i4 U$ N, U# H■ mobile homes;7 `1 E: W% X. }- G/ f- b
■ condominium units; and3 B+ |( A; F8 l" A; E
■ apartments in duplexes, triplexes, fourplexes, or
0 k- l' Q) C2 {8 ~apartment buildings.
+ Q3 O: X! E" pNote
4 f/ G: s3 a9 e4 M" x, vA share in a co-operative housing corporation that$ _7 ?8 I8 }+ t. }4 S$ G9 l
entitles you to own and gives you an equity interest in a
U0 m% s9 r4 b5 Q" R* Bhousing unit located in Canada also qualifies. However,8 W) W& N* P% u( F8 G( U) ?
a share that only gives you the right to tenancy in the
" O+ z$ G" s6 w6 p% a% ~' I8 thousing unit does not qualify. J7 y8 [+ a4 `# ^& o& W
You must intend to occupy the home or you must intend. d% C E0 N% s
that the related person with a disability occupy the home as2 c/ x) Q3 W& a7 A! ?/ ?. A
a principal place of residence no later than one year after it
2 M, H9 I( @2 b8 @is acquired.. c+ p: r8 R6 Y7 `& p
The claim can be split between you and your spouse or2 N+ p* a5 l9 y( X7 A- K3 T
common-law partner, but the combined total cannot exceed
1 r6 P) j8 X# Z* j& B- \1 ~$5,000.2 M( s# O9 H( s3 M
When more than one individual is entitled to the amount& J' ^3 y1 r& L" G$ a7 q1 o# k
(for example, when two people jointly buy a home), the" Z. a$ ~; E" R( y4 S( |8 k
total of all amounts claimed cannot exceed $5,000.
7 I' d, D2 B9 b+ tSupporting documents – If you are filing electronically, or
1 [& e- l, J. e8 S: i* j5 e3 Nfiling a paper return, do not send any documents. Keep all
6 {6 z$ B& t1 K. |' w: Myour documents in case we ask to see them at a later date. |
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