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Please see the below detail:, ^- w5 E7 x: P- a! L
Line 369 – Home buyers’ amount, H/ f3 K. z# g3 v- d2 K: Y
You can claim an amount of $5,000 for the purchase of a8 ^) d' B2 c0 t" u6 j- H
qualifying home made in 2010, if both of the following3 h3 j P" s4 j: m$ q4 n) n
apply:7 x( A3 @/ i0 m* `5 C' E" S
■ you or your spouse or common-law partner acquired a, s/ O$ y$ p. M4 h+ f
qualifying home; and" g/ \" F! R9 F# T4 h6 G
■ you did not live in another home owned by you or your; { h# j. b' B3 Z( z% @ L
spouse or common-law partner in the year of acquisition& d7 N* T1 a* x4 I1 q
or in any of the four preceding years (first-time- |6 }) I9 t" S* C: E
home buyer).
7 x4 P! \- n+ `Note2 M- x6 b4 }/ @! z
You do not have to be a first-time home buyer if you are
. \* Z5 P& I9 {; celigible for the disability amount or if you acquired the% Q$ |, X9 b1 I& F
home for the benefit of a related person who is eligible
5 @+ F" c9 h' M7 ~' wfor the disability amount. However, the purchase must# Y/ {3 z) l. P+ P. U
be made to allow the person eligible for the disability
, I; U7 ^/ z" ~: H) Famount to live in a home that is more accessible or better2 B& w( M* D, D+ Y8 c
suited to the needs of that person. For the purposes of; Y" S! Y: D8 Q( j# x/ D
the home buyers’ amount, a person with a disability is
) e2 B% o- U, F7 j2 z7 Pan individual who is eligible to claim a disability amount
+ e- I6 o4 @) I3 jfor the year in which the home is acquired, or would be
, l' K, W* }. Geligible to claim a disability amount, if we do not take9 `0 D) s1 n" r% T P1 p
into account that costs for attendant care or care in a, w0 C/ n' t5 C+ Y! z
nursing home were claimed as medical expenses on lines
6 _% q& O: F" L' _* s, v" z( H* R330 or 331.: C/ T6 ]6 K) v- b8 C3 [. L9 i- _( }
A qualifying home must be registered in your and/or your. p: h$ E6 L5 _! O) [
spouse’s or common-law partner’s name in accordance
* A/ Y9 y+ x2 M0 ?3 `with the applicable land registration system, and must be4 E( Y( T' W4 p/ {1 N: r$ E
located in Canada. It includes existing homes and homes
0 X b( l# d" c( q2 P+ z$ ]under construction. The following are considered
. e- G9 L. O* K% |* Tqualifying homes:
, q& E) H! w7 X■ single-family houses;! r7 F2 ~+ Z2 ]; C, ?
■ semi-detached houses;
6 a! _1 Z1 v3 g. L■ townhouses;
6 c9 P& a; J+ e- y■ mobile homes;
) M8 ^% Q/ b4 a/ \$ ~; T; @■ condominium units; and/ ~" O' X p: u6 K0 t- v+ E9 e& i
■ apartments in duplexes, triplexes, fourplexes, or
- N( I: L/ t8 R8 o* o# x1 Fapartment buildings." @9 M, ~/ K9 K
Note/ Y% B1 z$ l. v& g% M% D
A share in a co-operative housing corporation that
: n* [% L/ U; {6 @entitles you to own and gives you an equity interest in a' @) _4 z" Q X& R1 J
housing unit located in Canada also qualifies. However,
) }5 }) C0 H" ?, Y2 d2 o) q. ~a share that only gives you the right to tenancy in the0 U! M7 Q; k0 d
housing unit does not qualify.* x' t& B. B2 f V! w7 H3 H1 T
You must intend to occupy the home or you must intend- } f' T3 n+ w. ~& E" S1 D
that the related person with a disability occupy the home as$ B, F, M% P: k2 G3 O5 w
a principal place of residence no later than one year after it
8 f" E- C+ Q+ @' ?5 o& V2 iis acquired.
, F/ H9 F5 M0 L( m( F4 N7 uThe claim can be split between you and your spouse or: ^+ e- m* y: [$ o
common-law partner, but the combined total cannot exceed+ I! d: i# z. B% H
$5,000.
6 y, G+ n/ {; }$ d0 W5 v( @When more than one individual is entitled to the amount) }+ Y$ p- @6 v! a3 M/ J
(for example, when two people jointly buy a home), the
; D3 s4 |9 V) Ctotal of all amounts claimed cannot exceed $5,000.
% u. \! F) v7 rSupporting documents – If you are filing electronically, or
- h2 L/ V6 y) W- r4 A4 ~filing a paper return, do not send any documents. Keep all+ k( d$ S9 X6 u* b4 K* `) q
your documents in case we ask to see them at a later date. |
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