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Please see the below detail:* `8 n& W$ R0 ~% X8 i
Line 369 – Home buyers’ amount2 C O; [) u, I7 A. o9 c
You can claim an amount of $5,000 for the purchase of a% t: d3 j5 {) g7 Z: t
qualifying home made in 2010, if both of the following
- P: ~$ q- ?' J* Q$ f8 C6 |apply:4 e* N/ {' V8 v" d
■ you or your spouse or common-law partner acquired a- q) q5 m9 i2 t
qualifying home; and
C! b* \& m8 H) E. o+ Z■ you did not live in another home owned by you or your
0 ^3 U& i9 ^+ ^$ Aspouse or common-law partner in the year of acquisition! z1 f5 J' W/ @! F
or in any of the four preceding years (first-time
8 [" n" k) u+ V6 c3 \# G+ O% Qhome buyer).
+ z( R4 I0 t! k0 P% l3 dNote/ z3 C1 p; S! X
You do not have to be a first-time home buyer if you are
) y3 v( d$ U* zeligible for the disability amount or if you acquired the8 s1 _$ v( R# h. o: }6 L
home for the benefit of a related person who is eligible
K% i" T( |* A- q! nfor the disability amount. However, the purchase must5 d: W6 U8 E5 J0 @' Z8 c- }& ^7 V
be made to allow the person eligible for the disability& J( D. \# ?! W4 u! k: b
amount to live in a home that is more accessible or better
. \% m _2 d1 _% v7 ~& {& [suited to the needs of that person. For the purposes of
+ j& X% [2 z) y Rthe home buyers’ amount, a person with a disability is7 O {3 Z8 ^* u9 h d0 M0 {
an individual who is eligible to claim a disability amount* i8 l8 R* t3 I- r- g( }
for the year in which the home is acquired, or would be9 j4 S# `9 h/ g7 [9 D
eligible to claim a disability amount, if we do not take; `6 `: f' \& D
into account that costs for attendant care or care in a
6 {. }) T6 x1 q( U1 G1 ?6 t7 Lnursing home were claimed as medical expenses on lines! Q% `- ~0 E1 b4 |- v$ T
330 or 331.% \+ g% Z" c' x+ @$ e. M) }2 d' K- m
A qualifying home must be registered in your and/or your
. F* i( _/ H/ O7 z3 Gspouse’s or common-law partner’s name in accordance
8 N P* y2 W( K v, hwith the applicable land registration system, and must be" y- {0 i L1 c$ f& c( \
located in Canada. It includes existing homes and homes" s3 g; @# A; G7 H/ ?4 m# f! j
under construction. The following are considered
) m; ]6 u% R, d G5 L. Tqualifying homes:
& C9 |( @* J0 w/ Q/ Q! D■ single-family houses;
7 P: ^& Q: w$ T* Y4 O■ semi-detached houses;
: r4 U6 [& X+ x3 H; q■ townhouses;
% o( r: C0 ?9 I$ m [■ mobile homes;
1 k2 V5 t0 L# a7 {' F$ r }■ condominium units; and6 ~5 [# u5 a2 J |7 r
■ apartments in duplexes, triplexes, fourplexes, or
4 k i1 o" A% w9 ^, q" Oapartment buildings.$ c! e+ V, I4 ~7 E0 U# z O3 o. U
Note8 e# q+ k" T$ c9 D4 D$ O$ F, `
A share in a co-operative housing corporation that6 {+ z: u! t" U; I
entitles you to own and gives you an equity interest in a
0 l4 G9 h7 t- Z5 b# \* M' Ghousing unit located in Canada also qualifies. However,6 n Y- n& T3 B, ?9 J
a share that only gives you the right to tenancy in the
4 S+ ?. E' M& x: n# \/ vhousing unit does not qualify.$ H9 a7 b% k4 _8 j2 {9 v9 r
You must intend to occupy the home or you must intend
& ^& {. U( L8 F# C5 Y' lthat the related person with a disability occupy the home as
& X0 B G& Y+ t* Ua principal place of residence no later than one year after it; I, h. x: c" C" Z9 Q
is acquired.7 L# T! p; ]( E/ W2 o2 w& u
The claim can be split between you and your spouse or9 e, P' z( L6 {7 ~
common-law partner, but the combined total cannot exceed. Q+ \3 M% K1 U; d
$5,000." ~) I& i9 @, |! S, `: J$ _
When more than one individual is entitled to the amount& R( e6 {! {, j# b: J' y" o/ K. U. E
(for example, when two people jointly buy a home), the
}4 Y" Q- P/ q* |/ l9 i# ototal of all amounts claimed cannot exceed $5,000. M; i0 ?) u0 I3 j% Y- C8 a
Supporting documents – If you are filing electronically, or1 e2 ?, h! O3 k5 `2 G9 v" e+ y- O) j; ^
filing a paper return, do not send any documents. Keep all& U! p9 T# m+ w3 q+ r( E
your documents in case we ask to see them at a later date. |
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