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Please see the below detail:
D. p& C; ]* W6 B1 hLine 369 – Home buyers’ amount
/ z9 G* r3 n6 sYou can claim an amount of $5,000 for the purchase of a
2 _- _6 n7 W6 \1 Wqualifying home made in 2010, if both of the following
8 }4 e2 ^- ~# O. Yapply:
+ h4 Q0 F1 ?5 ^' G2 n, q) I■ you or your spouse or common-law partner acquired a9 S* u3 N z. X5 A+ `
qualifying home; and
0 ^* Z3 V4 ]0 j. Q. B! s7 E6 W■ you did not live in another home owned by you or your3 x P) d8 \8 P
spouse or common-law partner in the year of acquisition
) e3 L& a6 t& [$ d! T5 o8 q% `or in any of the four preceding years (first-time
! P$ G, z6 r5 T; k4 [3 f) J" d( {home buyer).
0 z) I$ l) i. a* v7 }4 Q/ wNote* p9 @, C' v( x- N4 B& n; _7 Q
You do not have to be a first-time home buyer if you are
" e% ~+ m+ w5 r; ?& ]7 Jeligible for the disability amount or if you acquired the( C/ }. ?1 N" B0 b r
home for the benefit of a related person who is eligible1 ?/ M% r# Q7 w
for the disability amount. However, the purchase must& i2 b1 [8 S8 \8 X9 b
be made to allow the person eligible for the disability
7 o; f; X. B) C6 yamount to live in a home that is more accessible or better l# K6 }) ]4 O) B" k6 L
suited to the needs of that person. For the purposes of& p- u' h6 l3 m, u5 p7 |
the home buyers’ amount, a person with a disability is
7 F/ p& U9 t5 y' Ban individual who is eligible to claim a disability amount
6 R8 J$ S1 ?: K& Tfor the year in which the home is acquired, or would be
/ |; @9 K6 v0 w1 i# aeligible to claim a disability amount, if we do not take
5 \1 |" ~- |; s% ]! \, ~) t6 Cinto account that costs for attendant care or care in a
8 i+ l0 i- N; G8 J( w$ }5 qnursing home were claimed as medical expenses on lines
4 q' O1 i* W D& e% W' [330 or 331., I1 a/ O, h) m8 ], {
A qualifying home must be registered in your and/or your
- c" N, w1 M! n' [& }6 xspouse’s or common-law partner’s name in accordance
0 v: Z4 n5 D3 j" a2 b/ i. Z2 b! X* Swith the applicable land registration system, and must be" b& }9 m; X' p3 B" @1 L
located in Canada. It includes existing homes and homes @, g* l6 D0 _. i
under construction. The following are considered9 W3 D- n6 T3 x* J! \ G
qualifying homes:( n9 W# R3 h0 V: }" f
■ single-family houses;
! [' J# r- A4 c) V■ semi-detached houses;
% L! E* g- g% P, D- v7 v" s■ townhouses;+ _* b9 Z. l+ R9 a& `5 B( F7 q
■ mobile homes;
* _6 p0 j# j2 I( A) p) v■ condominium units; and: ~7 l' t2 A7 U& A5 W
■ apartments in duplexes, triplexes, fourplexes, or
# r+ R# a& W1 C: Zapartment buildings.# s- v5 [1 i" C9 ^6 k
Note
4 f9 O4 A1 r% y5 i" f `A share in a co-operative housing corporation that7 F: U+ M' D3 T8 t' s, h
entitles you to own and gives you an equity interest in a8 q4 Q3 R, r% Z5 z
housing unit located in Canada also qualifies. However,0 B9 P; a! ~' Z2 r! N8 W8 p
a share that only gives you the right to tenancy in the/ G0 I2 q# J- H+ @8 j1 t: V6 @; _. }
housing unit does not qualify.
5 x4 X/ l! F' ], B1 QYou must intend to occupy the home or you must intend! U7 q' f& p4 m6 n
that the related person with a disability occupy the home as
5 A \8 k7 R8 P+ y- ya principal place of residence no later than one year after it# \9 t) v2 `7 j
is acquired.0 W( T5 r- s4 n% u2 y
The claim can be split between you and your spouse or
) g3 U/ Q9 i, R; Gcommon-law partner, but the combined total cannot exceed
9 L5 V3 J. i# p: [* a6 H$5,000.7 Z J% W+ C! t& p' b4 P: E
When more than one individual is entitled to the amount
# T C( B' j6 g" C2 W(for example, when two people jointly buy a home), the: r6 ]- b' C& A! m! x( @
total of all amounts claimed cannot exceed $5,000.
, N4 u9 F( O, ~# p3 Q& f) FSupporting documents – If you are filing electronically, or4 a8 Z! N& j, e: Z6 u4 g
filing a paper return, do not send any documents. Keep all
$ d: D" C0 J0 t; i6 `% i0 `your documents in case we ask to see them at a later date. |
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