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Please see the below detail:
% d( n: U# u$ g" B$ H( HLine 369 – Home buyers’ amount9 C8 n _) }2 ]3 M) H
You can claim an amount of $5,000 for the purchase of a
! c3 {2 X z! P, q0 jqualifying home made in 2010, if both of the following8 U' c$ H5 O/ S/ A& B
apply:+ V$ e4 \! g. b# ]6 _: W! w* M
■ you or your spouse or common-law partner acquired a1 s4 h$ g4 i8 e" l- R2 G, d: D
qualifying home; and
- X/ V, I( Y* b) ?& d9 {■ you did not live in another home owned by you or your; S* O) }$ y) i$ V9 r' ^, x/ }
spouse or common-law partner in the year of acquisition! l) R- X4 T4 _% t8 Q R
or in any of the four preceding years (first-time
' h% ]- [$ r# B( l" Z6 X6 c Bhome buyer).
+ [( k( V" Q* i1 ONote) p4 T0 ?* e9 w' X0 K
You do not have to be a first-time home buyer if you are7 v. U! y7 r0 ]# {
eligible for the disability amount or if you acquired the
9 b# {. }: E) X3 R2 C6 T4 d: lhome for the benefit of a related person who is eligible
$ I' |5 n6 ^" K6 B; F/ afor the disability amount. However, the purchase must
+ M3 o8 j/ o( Q( y3 Obe made to allow the person eligible for the disability
$ [# `* m! e! V: P& u* F' z0 Lamount to live in a home that is more accessible or better' k; j2 o! A( O3 d, \$ f3 k: N9 d6 c
suited to the needs of that person. For the purposes of
& F h2 Q# z# {2 Othe home buyers’ amount, a person with a disability is
9 F; \% j% W, P3 o/ A( P1 ian individual who is eligible to claim a disability amount
" t- H" v! o1 H6 rfor the year in which the home is acquired, or would be
3 O8 m( n7 c; {- zeligible to claim a disability amount, if we do not take
% a5 m: e& Z# c9 `. J; |% Einto account that costs for attendant care or care in a/ G8 K3 Z6 p( _8 e1 @
nursing home were claimed as medical expenses on lines
0 h; k& }1 g. \2 ], Q c/ H330 or 331.
: ]% x9 C& z ^$ sA qualifying home must be registered in your and/or your4 x+ T w: m' X. |
spouse’s or common-law partner’s name in accordance
8 e/ Z# c! j! J# _5 ?( dwith the applicable land registration system, and must be4 D$ w0 {: m6 K6 U
located in Canada. It includes existing homes and homes+ \: ~3 @3 B5 O% x% S3 u7 F0 b+ I4 C
under construction. The following are considered. B; L& }8 O7 `) a1 {& }
qualifying homes:) n8 c. S o" H$ m6 ]; K
■ single-family houses;
5 I: s, D! C( v. g t■ semi-detached houses;
( @5 O5 p# Y. M" D+ H% l■ townhouses;
6 g( \( S0 t o: o8 Y9 L" }8 G■ mobile homes;9 w* J8 S2 l! L
■ condominium units; and
& }' ^6 {8 c; {■ apartments in duplexes, triplexes, fourplexes, or( F X6 y/ L) B% d& z
apartment buildings.' x) P `& v/ j
Note
9 K( \& `! n f; f; ~A share in a co-operative housing corporation that0 y, Z0 w7 `. r" P7 D
entitles you to own and gives you an equity interest in a, W9 s/ N, ~# r( M" ?
housing unit located in Canada also qualifies. However,
8 k/ C0 ?0 v- R+ za share that only gives you the right to tenancy in the
0 u4 T' B. o" g1 \$ d2 zhousing unit does not qualify.0 r7 ^4 h9 `5 v O7 u1 C0 C
You must intend to occupy the home or you must intend% {# r+ `9 {4 s0 t2 y, E/ I: L
that the related person with a disability occupy the home as/ i; O; @. l& ~5 Y* Q' U
a principal place of residence no later than one year after it
' l; q, I G: fis acquired.& z& I: {' X/ r, M& P
The claim can be split between you and your spouse or9 ?( D" V: e* M0 ~" x }3 g! I
common-law partner, but the combined total cannot exceed
2 J+ m3 ?- d8 I" R8 ~* o* R7 k2 ~. j$5,000.7 Y1 M t8 f5 M& Q% m4 {
When more than one individual is entitled to the amount
& M( t: Z/ V. ~6 O6 y(for example, when two people jointly buy a home), the
; ]/ Z& ?( N$ w; Btotal of all amounts claimed cannot exceed $5,000.3 M+ {' v0 O% i8 x. e' F
Supporting documents – If you are filing electronically, or* k7 B/ F7 {, V, k
filing a paper return, do not send any documents. Keep all9 W: H' x( l0 \+ A1 k# W
your documents in case we ask to see them at a later date. |
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