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Please see the below detail:9 o/ i0 [ n* k1 a/ H
Line 369 – Home buyers’ amount
' ^$ n5 g( q" pYou can claim an amount of $5,000 for the purchase of a
- f. Y9 i7 k& i% A/ Mqualifying home made in 2010, if both of the following' A# @2 G' V$ p# ]9 ]
apply:
& m" l+ g0 `+ u5 `! h■ you or your spouse or common-law partner acquired a( l) y. _; C* F: i' x Y2 h( B
qualifying home; and# w3 x6 L: _5 t+ t$ V" ?$ E
■ you did not live in another home owned by you or your1 w# K7 b' i, g9 a
spouse or common-law partner in the year of acquisition
7 a) k6 a4 L! k- xor in any of the four preceding years (first-time( ?" |8 h- L6 d4 g) @: g
home buyer).
+ i& w% l- X) K- sNote
s) B* L8 q8 [' i2 ]You do not have to be a first-time home buyer if you are1 ^6 Q3 ~& Y) A. W, M
eligible for the disability amount or if you acquired the
" f' K3 l3 M; F. mhome for the benefit of a related person who is eligible
9 v! K. j+ e& Xfor the disability amount. However, the purchase must
9 R- i& f$ Q6 a7 Mbe made to allow the person eligible for the disability
+ {( @9 n/ I3 ?amount to live in a home that is more accessible or better* ]+ X- A) ]9 x" |# g' ^( n
suited to the needs of that person. For the purposes of
2 ^, G8 }; S* |9 n1 Fthe home buyers’ amount, a person with a disability is
- h- y4 s1 Y& U/ W6 o6 h$ T6 uan individual who is eligible to claim a disability amount
0 L" Z( T: [0 s# B A' Afor the year in which the home is acquired, or would be
N7 | ^7 ^ w# x1 ^eligible to claim a disability amount, if we do not take; [- L* R$ c7 V3 w9 L9 g0 q: R
into account that costs for attendant care or care in a
7 D4 R: P: g; W: ^) B7 }& }% {nursing home were claimed as medical expenses on lines7 _& d6 N* P0 c5 H! U b& X
330 or 331.
- `8 Q H% [5 \2 h x M- ~/ uA qualifying home must be registered in your and/or your
$ `; f8 v( ^7 D3 c" m* yspouse’s or common-law partner’s name in accordance ~; H- J: A1 P. f9 D4 p" W' c: s
with the applicable land registration system, and must be
' I/ {9 ^ J& X, ?9 c. F! Nlocated in Canada. It includes existing homes and homes9 P2 S9 l4 b; b0 G
under construction. The following are considered
$ @4 l" x2 `- ? c3 G! w9 Kqualifying homes:
; S7 F$ E/ @& }6 i- M! N% d7 S■ single-family houses;
4 `& D6 V( `- w# d; {6 A: h1 ]■ semi-detached houses;& k2 J4 f2 v! S( U, [' n/ u
■ townhouses;" L8 r9 D. N! u. ~. Y' L( s
■ mobile homes;& t' S( I& D. Q: c( K
■ condominium units; and
# e8 D3 t, T, D& `8 G■ apartments in duplexes, triplexes, fourplexes, or0 I6 ?" B i! \; r# b$ H
apartment buildings.
' p( c* k0 ~/ Q# N: p2 Z: pNote
- f9 Q: ?! s6 u& g) XA share in a co-operative housing corporation that- j6 t- r3 B! i' p# W
entitles you to own and gives you an equity interest in a
- B2 z- p v {; h" Y; e6 Yhousing unit located in Canada also qualifies. However,$ M5 s2 q2 V+ Y- C7 E* }
a share that only gives you the right to tenancy in the1 \/ p6 ]0 N$ e2 \5 d% ~
housing unit does not qualify.& y& B9 O- y, I+ `
You must intend to occupy the home or you must intend9 l4 V$ o, ?& T7 x2 Z
that the related person with a disability occupy the home as4 e t3 F7 O! R! G, i- b I( Y
a principal place of residence no later than one year after it, {8 }2 {& c' M, z( ^( s
is acquired.0 @& v2 m2 S! v0 l/ G$ T
The claim can be split between you and your spouse or- J; Y% k7 H& b+ ]* L5 [( D
common-law partner, but the combined total cannot exceed5 e7 ^ ~0 U+ @4 N$ Q+ {& P
$5,000.- W: b4 o( s$ v1 M
When more than one individual is entitled to the amount& v. P) d9 N" i' W8 h) |( K0 h' \8 b
(for example, when two people jointly buy a home), the3 Y( K& F! G% F2 [& h
total of all amounts claimed cannot exceed $5,000.
9 {5 J% ^. x* Q; S( Q1 Z4 F7 Z5 rSupporting documents – If you are filing electronically, or% x9 g7 ^7 s+ g
filing a paper return, do not send any documents. Keep all0 O4 y- E$ O' v- s0 s8 ]# y, d$ A% a1 |
your documents in case we ask to see them at a later date. |
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