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Please see the below detail:
. | i) Y' n; ^0 Z- @* TLine 369 – Home buyers’ amount
R' ]1 g& F) L! M! c$ l0 ^You can claim an amount of $5,000 for the purchase of a+ J0 P5 ], `; B+ a$ Q s
qualifying home made in 2010, if both of the following
7 k* V% j0 ]9 j0 t" Q4 {apply:
9 c/ v# L* O* {8 {# s* A: W■ you or your spouse or common-law partner acquired a" A2 m$ @% k) }2 L# H
qualifying home; and
R) }& J. h# e% k% l4 P" N■ you did not live in another home owned by you or your, E7 E( l7 y. K( Q
spouse or common-law partner in the year of acquisition9 s F: M6 S$ b, p+ T
or in any of the four preceding years (first-time
( }9 r! J* K' T6 shome buyer).
2 [( D2 j6 R9 N- ], D8 Y9 aNote u# n( Z: H$ v( R0 t5 j' L
You do not have to be a first-time home buyer if you are
4 H7 f: v8 F0 W0 X! Z( d2 {eligible for the disability amount or if you acquired the
$ X* D& a0 S8 w+ q1 \home for the benefit of a related person who is eligible& Z$ H- J- |2 t, q
for the disability amount. However, the purchase must
' B- P: ]9 V" H; u$ zbe made to allow the person eligible for the disability
) W% L, I2 g2 c. Samount to live in a home that is more accessible or better [. G I8 d2 {. ?- ^9 A
suited to the needs of that person. For the purposes of
& T6 E* i: ]# p5 l; ithe home buyers’ amount, a person with a disability is
5 u: w' n2 M: a$ q Y. v7 E6 q: q; F. Zan individual who is eligible to claim a disability amount
9 e7 ?5 }( W8 p$ w) Y2 cfor the year in which the home is acquired, or would be
% `2 U+ J6 ]% u, e" G" p1 Yeligible to claim a disability amount, if we do not take
+ f% J, v5 R4 M5 ~into account that costs for attendant care or care in a
' C% j6 B/ d+ @* x" Q' gnursing home were claimed as medical expenses on lines1 z/ |1 P: P1 d- E" N
330 or 331.- q! k8 @) Q- U6 X* c! `
A qualifying home must be registered in your and/or your( T! Q7 |8 S+ k1 p1 g r
spouse’s or common-law partner’s name in accordance
" G0 T+ `- Q4 qwith the applicable land registration system, and must be
4 h3 \# b1 ?2 f. ulocated in Canada. It includes existing homes and homes1 Z3 ^3 C/ V5 d' |+ g/ h) i% s
under construction. The following are considered w' ?; Q4 a7 ^. O/ N$ d
qualifying homes:
8 w5 I, Y" ~' b w■ single-family houses;) C4 v+ o7 D. v {9 C
■ semi-detached houses;7 _- Y7 n7 Q! e' W1 B3 E. G
■ townhouses;! B4 y% c! i! g2 I
■ mobile homes;# m) B4 d9 q7 f1 o
■ condominium units; and( ~$ D- X0 _" X
■ apartments in duplexes, triplexes, fourplexes, or
# H6 h! \4 k7 j3 M2 `apartment buildings.1 d$ X h4 ?& g. H* r, @
Note- v7 }6 b6 ~- f. _
A share in a co-operative housing corporation that: O+ r' ]- H2 Q: }& @% w
entitles you to own and gives you an equity interest in a3 t0 T* [+ | V. O* ~- q7 n
housing unit located in Canada also qualifies. However,
, h6 v7 Q7 N" `3 W1 {a share that only gives you the right to tenancy in the! I5 ?& ~+ n" p( q4 \5 s" \4 b
housing unit does not qualify.
* m, u0 M: j( A; l: f. }& Y, ]You must intend to occupy the home or you must intend" M9 M0 G7 P% a, s, i* s" u- T
that the related person with a disability occupy the home as
/ o U! a1 D( Za principal place of residence no later than one year after it+ `4 z. M! _% j$ V7 H. i* P; e2 {
is acquired.) q6 \; u4 B' n; h
The claim can be split between you and your spouse or
& H* M3 P* c6 `1 X! g. \! {3 wcommon-law partner, but the combined total cannot exceed% C+ h3 r* n# w1 R+ G% R
$5,000.
" ~! R* E6 |3 ~8 y, lWhen more than one individual is entitled to the amount
2 g. {/ w( N1 w: p; S, A% {5 _; _(for example, when two people jointly buy a home), the
) ~/ }) y: C& x2 Utotal of all amounts claimed cannot exceed $5,000.
' i. c, L6 m5 ^$ ^) @5 cSupporting documents – If you are filing electronically, or
. d. i+ W" x1 d6 ^filing a paper return, do not send any documents. Keep all/ S$ B7 @: y! d) K( `3 m" n
your documents in case we ask to see them at a later date. |
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