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Please see the below detail:
7 s) g, W9 H0 V9 gLine 369 – Home buyers’ amount
3 @4 H0 ?# g& Q- Z( Y% T7 KYou can claim an amount of $5,000 for the purchase of a$ A+ \( N' e2 D! F8 I
qualifying home made in 2010, if both of the following4 h/ A% m* M8 ^
apply:, w) m- k; r9 r1 Z
■ you or your spouse or common-law partner acquired a
- \- Q# i ]# |+ r+ Q+ Zqualifying home; and- \5 `5 ]: @' @0 A& e0 ?! i s
■ you did not live in another home owned by you or your
3 S) [3 l; I3 X" s3 f( ]spouse or common-law partner in the year of acquisition; i: y& G$ e, L
or in any of the four preceding years (first-time! s4 | e2 t; o/ J& o; G
home buyer).5 A2 X4 ^" P& B! S
Note! T# Z' e) P! s/ l: t% ], n1 k
You do not have to be a first-time home buyer if you are& D, j& j* H8 ?/ U
eligible for the disability amount or if you acquired the+ T$ \. r& @! W# g: l
home for the benefit of a related person who is eligible8 n+ {1 c: ~: z, N+ e7 }
for the disability amount. However, the purchase must2 p: } B$ S0 V
be made to allow the person eligible for the disability) H! _$ w$ j0 C9 I1 M+ H0 i
amount to live in a home that is more accessible or better" s+ C6 {" d- v+ _* r# ~
suited to the needs of that person. For the purposes of$ a- ?4 q- A) g0 U6 ]
the home buyers’ amount, a person with a disability is
. k: ]- o/ g9 d4 B* o( t: {an individual who is eligible to claim a disability amount
6 B9 p4 k/ E) B/ |/ m* S' q% afor the year in which the home is acquired, or would be& G; G- d/ q5 ~7 j4 B2 ]
eligible to claim a disability amount, if we do not take
. H" u# ^1 b W3 s7 Ginto account that costs for attendant care or care in a/ _9 x7 T. v9 `* u7 b1 V5 p. |* y
nursing home were claimed as medical expenses on lines7 a* |/ ~( Z, N( R# Z! Z
330 or 331.
4 j7 f; G4 j* {2 zA qualifying home must be registered in your and/or your. F( m) k1 c3 R
spouse’s or common-law partner’s name in accordance
9 \, g3 K" G" X4 Zwith the applicable land registration system, and must be
$ P4 f5 q0 A# }located in Canada. It includes existing homes and homes+ j' w4 y' C/ f# J) a* h* k
under construction. The following are considered1 ], E" l4 o2 @- Y+ R b
qualifying homes:
4 ]8 h: T# X/ S$ `$ q■ single-family houses;$ e3 C2 z9 Q) j$ t4 @
■ semi-detached houses;
+ e) {. C5 t1 u Z5 u$ |- _' p/ n■ townhouses;
: a! J# ^- e% }1 V: G$ }: a8 b■ mobile homes;
0 }3 @4 T: F5 ]% y+ ~+ E■ condominium units; and; a5 c, _: X! s2 Y
■ apartments in duplexes, triplexes, fourplexes, or% J' S3 h2 V9 a- g& W* m
apartment buildings.
, n( x7 S+ j4 q; g XNote* G, I; A5 H3 s- A" L, i* Y
A share in a co-operative housing corporation that
: w4 o) ~2 C9 Z$ i0 T3 |; tentitles you to own and gives you an equity interest in a3 w- e! A" R& J( Q
housing unit located in Canada also qualifies. However,
1 x* j3 w4 ~ L8 {7 F! i% c0 b/ ia share that only gives you the right to tenancy in the4 ] G1 G+ ]8 H* Z$ U# D! b6 g
housing unit does not qualify.) f) z. v* l/ L1 L) [) J% r. T/ |
You must intend to occupy the home or you must intend
! o0 B! ?# U4 H; X) kthat the related person with a disability occupy the home as
+ f6 m+ V% T5 |( V0 I' H- Va principal place of residence no later than one year after it
o+ P( ]- V* ^9 S1 R% S% ]is acquired.: c6 g5 }/ O# ~ n
The claim can be split between you and your spouse or/ Y- n* Y# W$ q( Y F! ]6 H
common-law partner, but the combined total cannot exceed
c6 C, K. B& x' x2 c& u' n: U: f$5,000.
) H- y0 Z0 Y* z) _ I8 K; YWhen more than one individual is entitled to the amount
( z4 L& H0 u* K$ ~( `(for example, when two people jointly buy a home), the
8 V4 Q3 w5 e+ K6 y0 {1 d; W5 Qtotal of all amounts claimed cannot exceed $5,000.
2 X! _- |- |' J& r% J8 H( b7 H+ c5 x# NSupporting documents – If you are filing electronically, or
6 C+ A6 a, e, z) t- m# Jfiling a paper return, do not send any documents. Keep all
5 @: ]: `: {; g# U7 Eyour documents in case we ask to see them at a later date. |
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