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Please see the below detail:: a2 y5 _7 z2 `. ?% M
Line 369 – Home buyers’ amount5 q2 L. A h) Q; o& i
You can claim an amount of $5,000 for the purchase of a A$ `) f7 P4 U
qualifying home made in 2010, if both of the following
, y6 J' k( |# {+ Q q6 z8 Z) tapply:
5 Z7 C3 D5 r: F; C■ you or your spouse or common-law partner acquired a$ L9 E4 y1 F" g+ }) `9 Q$ V
qualifying home; and3 i0 G+ |% |2 [2 a# Q5 u5 I2 J
■ you did not live in another home owned by you or your
% d" e9 ?' o5 Z1 N* I. \* W" ], nspouse or common-law partner in the year of acquisition
' E3 }1 u' L9 v" y! L* for in any of the four preceding years (first-time
9 r& `3 }0 B) B4 k2 I* xhome buyer)./ @, [2 r, N9 t) B
Note
4 Y( w6 e2 i( V9 i4 J6 E4 ~1 z% aYou do not have to be a first-time home buyer if you are
! O6 v. B* v L4 {, N8 @eligible for the disability amount or if you acquired the
1 T8 `$ ]$ J9 a3 Zhome for the benefit of a related person who is eligible: ]" k3 D8 o8 E: J
for the disability amount. However, the purchase must
; y' _$ z3 e$ a; D, Lbe made to allow the person eligible for the disability
% A- E% V1 I6 {% Oamount to live in a home that is more accessible or better& L1 t& L% H* B
suited to the needs of that person. For the purposes of7 U7 G7 U* B C5 D% y
the home buyers’ amount, a person with a disability is8 Z U* I- K4 p$ V1 G z0 g# t' z
an individual who is eligible to claim a disability amount
_" U: @9 e+ S8 f7 N$ K. Hfor the year in which the home is acquired, or would be; x( t. j0 I* O1 V: j& K+ O% I
eligible to claim a disability amount, if we do not take
4 _3 V' Y6 z! I3 m* winto account that costs for attendant care or care in a* O8 g' d2 Q" B8 ~% ~
nursing home were claimed as medical expenses on lines2 |1 K' K% r* }* [' C4 v* m
330 or 331.
6 L" ]) I$ i/ n; ~3 F7 V- K2 o( }A qualifying home must be registered in your and/or your
( ?! E$ I: `& _; T2 v N& |spouse’s or common-law partner’s name in accordance
1 G3 _, A: R- G" j# F; C) W; Xwith the applicable land registration system, and must be
5 } m" H7 |+ T5 ^) W) |located in Canada. It includes existing homes and homes4 \) B7 r7 L# H v' `) r6 C
under construction. The following are considered
3 [. U8 G* @% u. \qualifying homes:, ]8 q4 N+ H/ M
■ single-family houses;9 f0 o4 ?* O# h7 E" k0 E W& d
■ semi-detached houses;
M5 K+ c5 z3 `+ C5 [2 @( }3 o■ townhouses;5 u3 J( s# I6 p( A7 j; Z+ _7 f
■ mobile homes;
/ {+ E; X, u& u" b; [■ condominium units; and
P* w: y: t' b$ c" Y■ apartments in duplexes, triplexes, fourplexes, or
; q; E T F8 P0 Y h8 Oapartment buildings.
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A share in a co-operative housing corporation that
5 M: v1 A+ |, l2 @entitles you to own and gives you an equity interest in a
( b* F; G- T2 z2 J* \( G" G# X( {* Shousing unit located in Canada also qualifies. However,
2 s+ o5 f$ ^$ w7 M$ ha share that only gives you the right to tenancy in the
$ H& e2 Z1 v! e% g, Fhousing unit does not qualify.
5 r5 Q( ^* B t: J' ~You must intend to occupy the home or you must intend
9 b; Y" {: u* O( }; I( w) qthat the related person with a disability occupy the home as1 H& {' @1 b* B: f$ Z E
a principal place of residence no later than one year after it* K" R" A, M. n
is acquired.. _# R+ R S- i W8 e
The claim can be split between you and your spouse or' E( y9 U5 H: G3 v) ?( }+ N6 J
common-law partner, but the combined total cannot exceed, G- @- h( W8 u$ g
$5,000.1 D4 w2 @2 h3 T) l" \4 q, m
When more than one individual is entitled to the amount
' n2 W( d0 ]# I" U; s$ q3 @4 U' @4 Q(for example, when two people jointly buy a home), the
8 s/ d A4 j( }! c1 Gtotal of all amounts claimed cannot exceed $5,000.7 w- ]. E8 g0 x
Supporting documents – If you are filing electronically, or
) W& E. q1 {% F" K; j# k; g+ Qfiling a paper return, do not send any documents. Keep all5 y* q9 B* s$ i. l& ~) i
your documents in case we ask to see them at a later date. |
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