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Please see the below detail:
+ a. D8 n2 ?# ?/ ]! r( kLine 369 – Home buyers’ amount
; e4 A# r! p0 T2 A, p9 G. D& xYou can claim an amount of $5,000 for the purchase of a8 [9 i/ L" Y' t" j2 o$ ?0 L
qualifying home made in 2010, if both of the following) l% m, V. l l/ ]8 `( O( H
apply:' L* F2 r; z* |3 m1 k
■ you or your spouse or common-law partner acquired a
4 `, E5 e2 L" j. q1 U! y. ~qualifying home; and
3 ]# b5 N* H( ?9 l0 T+ y■ you did not live in another home owned by you or your
0 p3 w0 z, W/ o6 _. H! \spouse or common-law partner in the year of acquisition- {7 r+ | |7 f9 a- \# o
or in any of the four preceding years (first-time
, F! a4 J7 t) ^7 ghome buyer).5 @( [# x6 X/ J; L
Note# [& [ [2 b1 W/ O! }# n6 u
You do not have to be a first-time home buyer if you are8 w0 O3 i! _) I9 I0 _
eligible for the disability amount or if you acquired the
- v" Y4 j2 O. B3 G$ F0 shome for the benefit of a related person who is eligible
- V7 `$ H( G" [/ `: Nfor the disability amount. However, the purchase must
0 Z/ B, v# k7 _7 v, o. ~be made to allow the person eligible for the disability& K* e: Y6 b0 @; X' O) b
amount to live in a home that is more accessible or better
/ k) g1 U8 r4 l# R3 nsuited to the needs of that person. For the purposes of w; a+ G% F) x6 f) R7 s ]2 m: K
the home buyers’ amount, a person with a disability is4 h' T7 x0 ]' s" t* G4 f2 G
an individual who is eligible to claim a disability amount
# g9 C7 p% }+ |, \; L( ^for the year in which the home is acquired, or would be
" v2 m" }9 J7 R# jeligible to claim a disability amount, if we do not take
9 J2 T- Q. U( `( N8 M. V: Z* Minto account that costs for attendant care or care in a
2 w1 n! \ v1 lnursing home were claimed as medical expenses on lines T' L- _( p# L2 K
330 or 331.
' n8 T- u- E5 e' S: L* e( G% _A qualifying home must be registered in your and/or your" m/ t# M! H! w) [
spouse’s or common-law partner’s name in accordance
( W. B( H) h/ \ b- M* j: pwith the applicable land registration system, and must be, ~; S2 T& }& `6 O7 Z: v
located in Canada. It includes existing homes and homes B$ u; \2 \" u2 D
under construction. The following are considered' A1 B+ D, } F0 M
qualifying homes:
: W- ^) P4 L; Z' W2 \4 i% \■ single-family houses;
+ @" ?% x6 O+ f% J6 R; ]■ semi-detached houses;
7 Z% i; i2 q8 l; d- u■ townhouses;8 v+ E1 Z+ b+ O; k
■ mobile homes;4 O. K2 p l4 X) m) _/ Z w
■ condominium units; and# [3 y( L" Y+ X1 H. {3 Z2 U
■ apartments in duplexes, triplexes, fourplexes, or1 W, O! n0 H" V: S' b' P
apartment buildings.
# j ^/ z) p- m8 e6 W5 L: i! ~7 k* @Note d5 `" A6 i' o6 ~- h
A share in a co-operative housing corporation that
/ E+ s. {- w2 L' j6 L$ Dentitles you to own and gives you an equity interest in a
9 D- c! {4 D4 o, X+ [! M. thousing unit located in Canada also qualifies. However,7 o+ N% O2 i2 u" _4 ?/ R" ~0 b
a share that only gives you the right to tenancy in the/ z- H# m; p# Y, f) A
housing unit does not qualify.
2 g! ^& R9 ]: t2 A1 j$ b7 WYou must intend to occupy the home or you must intend
3 w2 V) s) Y% a5 d3 H9 E3 \7 D7 bthat the related person with a disability occupy the home as4 c: Q1 [9 V: `3 }+ |, q% X
a principal place of residence no later than one year after it4 Y8 V$ ^2 ]# S& T3 W5 T3 g
is acquired.) v6 l0 f9 s" Z, `, b3 O
The claim can be split between you and your spouse or
2 V# n- g/ F' l& Q% Jcommon-law partner, but the combined total cannot exceed% O: @: l" |3 W0 r d+ k
$5,000.$ b* L% u' e) S/ C1 X
When more than one individual is entitled to the amount$ B+ Q& I1 F8 p3 y& a9 J
(for example, when two people jointly buy a home), the6 ~ p& X- H7 ^
total of all amounts claimed cannot exceed $5,000.
; J1 ]( k4 Z: B5 K: u ]$ T$ l% BSupporting documents – If you are filing electronically, or% [/ f1 R) @( _; Y2 T; E- Z
filing a paper return, do not send any documents. Keep all9 a# W' L# ?0 }5 f
your documents in case we ask to see them at a later date. |
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