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Please see the below detail:
9 {' P( z% c) X: eLine 369 – Home buyers’ amount
8 h7 ^0 D p- D1 A& Q4 k' O0 hYou can claim an amount of $5,000 for the purchase of a
6 X1 p+ A) }! @0 ~+ rqualifying home made in 2010, if both of the following
1 J) y8 C1 Y$ N* o! h: o$ k0 Uapply:) k/ k+ }( |5 n; O2 K
■ you or your spouse or common-law partner acquired a
$ A$ W4 j' U3 M: Kqualifying home; and) g7 \- c4 [% l' o# O% x
■ you did not live in another home owned by you or your; T6 |' l8 @+ e/ V6 ~
spouse or common-law partner in the year of acquisition) L" X4 @! z3 {& c
or in any of the four preceding years (first-time
5 e3 l$ Y( w' }9 whome buyer).
2 d' ~ U9 i) M) NNote* k5 n3 c2 r. k. [# b7 z
You do not have to be a first-time home buyer if you are2 \/ `- ^% M7 w
eligible for the disability amount or if you acquired the
6 B) p( \, ]; q6 y9 ]home for the benefit of a related person who is eligible, ?) @/ Q* I4 G
for the disability amount. However, the purchase must
& h8 T4 }" t! z5 W& Z* wbe made to allow the person eligible for the disability
- A' X6 W9 n. {, kamount to live in a home that is more accessible or better
4 j+ W4 k: p! gsuited to the needs of that person. For the purposes of5 h) [! Z r* w8 T3 m9 E: w( H
the home buyers’ amount, a person with a disability is
% w6 \5 I9 [% A5 r+ fan individual who is eligible to claim a disability amount
+ v4 \% |6 Y% A7 ]; W, P0 }for the year in which the home is acquired, or would be
8 [ U" w6 w4 X5 i4 {eligible to claim a disability amount, if we do not take
% |9 `; j7 c, ^# @1 E j/ k( ninto account that costs for attendant care or care in a
" c2 } ~: P8 I. |nursing home were claimed as medical expenses on lines0 S* u. C A/ m3 Y' q: O: ~: V8 I
330 or 331.1 c- D/ A# w) Q# r/ Q
A qualifying home must be registered in your and/or your0 J) T: W: ]- _% ?6 N) A5 i
spouse’s or common-law partner’s name in accordance
1 G! P! y/ H% q/ D* I- v- N" [+ lwith the applicable land registration system, and must be
% c0 r6 C0 Y+ \( C0 l' r7 Klocated in Canada. It includes existing homes and homes' V9 P# ~( p% `$ q V0 I$ Z
under construction. The following are considered9 ?% I, ^: r6 G- [ L( ?( D
qualifying homes:
4 A; g4 {! A6 e, N; D: J■ single-family houses;
) c" q# k9 l1 }■ semi-detached houses;
& K6 j9 v5 R, Z! o i" R■ townhouses;
: b& T) R* f4 B3 d1 @1 W■ mobile homes;9 }2 e3 n( ^. M* s5 Q$ j Z
■ condominium units; and
' y% b, z# p W+ c■ apartments in duplexes, triplexes, fourplexes, or1 ?% ~* i D( t5 |+ {
apartment buildings.
9 l# e" }/ s5 u; j0 |Note
5 T) D, M& b/ N& E) V( BA share in a co-operative housing corporation that
2 Q8 @% Q4 u. yentitles you to own and gives you an equity interest in a; ^$ ?. \' s5 F0 `/ M
housing unit located in Canada also qualifies. However,
2 I; G4 P* T3 Q3 @7 Ua share that only gives you the right to tenancy in the& b* X$ W9 y" J9 m
housing unit does not qualify. q7 o. @5 P% g- t; Z2 M
You must intend to occupy the home or you must intend! `5 `9 p! E& f8 V' h1 e
that the related person with a disability occupy the home as
1 |& j3 G) l' l( u; Ga principal place of residence no later than one year after it
2 O3 @5 Q! V* o& t* ?6 uis acquired.
+ }' F& C% z+ r6 W4 |The claim can be split between you and your spouse or( R8 d0 X) x$ o- J) }
common-law partner, but the combined total cannot exceed$ X/ y% N$ I2 j4 Z5 M
$5,000.7 A: n) L. J8 w" |7 C& K
When more than one individual is entitled to the amount
5 |, k; B6 A8 H. I9 f1 K(for example, when two people jointly buy a home), the. d) U9 |$ ~5 t( y* {2 ~
total of all amounts claimed cannot exceed $5,000.' I, U; V& {5 \5 d f* F% |
Supporting documents – If you are filing electronically, or
5 \1 `! @8 R6 ?/ T6 g8 H5 V( _filing a paper return, do not send any documents. Keep all
0 R) ?( n9 U" O! K, yyour documents in case we ask to see them at a later date. |
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