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Please see the below detail:
! p6 r2 ]2 \4 G* s: x; eLine 369 – Home buyers’ amount
% H5 ~& k# M* [9 U ?) VYou can claim an amount of $5,000 for the purchase of a1 G8 F, \9 H/ j/ K$ c
qualifying home made in 2010, if both of the following, Y1 C; j& O/ D* `1 s; Q Q) x
apply:
7 Q4 V. N* J" V- k: q■ you or your spouse or common-law partner acquired a
# H7 M! T( s( b6 X! rqualifying home; and$ ?3 j+ p! D8 ?% B0 f
■ you did not live in another home owned by you or your
/ c! S8 A6 A6 I# @4 L% Z: U7 w% z7 Bspouse or common-law partner in the year of acquisition
* K* J! K3 R" g0 ]4 z! `4 @( Bor in any of the four preceding years (first-time
6 r+ |/ _3 u {8 k0 Q7 uhome buyer).
; u* U: `' _! P) e2 h7 ^( _$ R- J/ QNote7 Q. A. S% c, A
You do not have to be a first-time home buyer if you are( G, a8 C* j0 B7 P- c9 [8 e. m
eligible for the disability amount or if you acquired the
9 v% L+ O: d! k$ rhome for the benefit of a related person who is eligible3 ?) }. _: {8 Z& V! R- D( f& N
for the disability amount. However, the purchase must
. m) _4 `& n% Z8 C' v! ?4 d- f$ rbe made to allow the person eligible for the disability/ Y* C* ]$ {* m: O0 t" w
amount to live in a home that is more accessible or better8 A: j; Q. j8 o! E8 V& `( b0 s' z
suited to the needs of that person. For the purposes of
9 Z; I6 \/ o4 b, G) Rthe home buyers’ amount, a person with a disability is7 B$ t$ J# E6 t' W
an individual who is eligible to claim a disability amount
$ @6 {: M" s) t1 J/ v6 \for the year in which the home is acquired, or would be
. G$ N, A( n2 ?1 Keligible to claim a disability amount, if we do not take
+ @7 P! c- E6 T. G9 Dinto account that costs for attendant care or care in a
6 u' S% a- M2 o1 l9 Xnursing home were claimed as medical expenses on lines, c- P: M" P5 \# G r8 q
330 or 331.- ]: r+ Q' h5 z- l1 s4 E$ R
A qualifying home must be registered in your and/or your
& \) l. O8 @6 d- |. |5 \spouse’s or common-law partner’s name in accordance
& i/ |( {) w/ D( l e# [, f) fwith the applicable land registration system, and must be
Y# t$ v7 T% D Tlocated in Canada. It includes existing homes and homes* J4 Y# L" E4 K* U' y8 L o1 z& y
under construction. The following are considered. S/ ^1 N- @3 k/ s' X, j+ T
qualifying homes:
: N# B' \& U) K; O; y9 J■ single-family houses;! F+ h0 B: O" K( w- V! Z: R
■ semi-detached houses;) l. l8 M7 |( a4 k0 d; h9 V7 ~0 k' j
■ townhouses;
# s, g! V7 @3 L7 j/ c■ mobile homes;7 p3 N) T: g0 j# n( w
■ condominium units; and
, L! D3 V0 i5 m S$ r/ g■ apartments in duplexes, triplexes, fourplexes, or: C4 g# \7 N- B1 a3 R, d7 t( t2 x2 ~
apartment buildings.
5 `8 A( t4 K. h1 @* f" x' ANote
) A! P( h2 W3 S9 O, XA share in a co-operative housing corporation that0 m! {3 X9 ^) x2 V; y/ Z; }. I7 i
entitles you to own and gives you an equity interest in a
) |$ c9 G9 Z: L8 ], O: vhousing unit located in Canada also qualifies. However, Q/ ]3 @' b {
a share that only gives you the right to tenancy in the7 r8 o% Y) a/ L5 _* M, [4 Z8 M& I
housing unit does not qualify.6 @8 Z* W5 z* x/ J1 F
You must intend to occupy the home or you must intend" y8 h& o' h! n1 i6 b" w
that the related person with a disability occupy the home as+ r0 n- T! w/ S& D5 X. S. I
a principal place of residence no later than one year after it! }6 c& R: Z/ h& n/ x
is acquired.
8 i/ f }/ I$ V' c8 J4 p$ ?# oThe claim can be split between you and your spouse or
* D" a2 K# T7 v) {; ocommon-law partner, but the combined total cannot exceed
9 ~( \$ _: B" W! a2 N, f# H$5,000.6 W0 Y$ H9 `" z1 y( W
When more than one individual is entitled to the amount
1 h! R9 h- O0 R; G(for example, when two people jointly buy a home), the8 A9 k" h4 {0 E- _% K3 X$ c
total of all amounts claimed cannot exceed $5,000.
* M d0 V4 \. x7 v3 i2 [Supporting documents – If you are filing electronically, or% Z/ [- U, u% ]2 |8 ]
filing a paper return, do not send any documents. Keep all8 Z. q5 p# c, D/ ]* R6 P7 C5 F1 g
your documents in case we ask to see them at a later date. |
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