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Please see the below detail: p1 e: S3 C, g/ x/ ]( @& ^
Line 369 – Home buyers’ amount
/ K) Q$ U) p v; _You can claim an amount of $5,000 for the purchase of a
: M$ p" @# X! squalifying home made in 2010, if both of the following% K- n2 @9 A' K* R) j8 R
apply:2 z/ g+ l( H% g1 B0 W0 K* {: F2 p1 K
■ you or your spouse or common-law partner acquired a5 {. C) z3 F$ F! \
qualifying home; and$ D: n7 o/ ]- n. O
■ you did not live in another home owned by you or your
) r5 c' X9 W0 x, h& j* Zspouse or common-law partner in the year of acquisition
0 n) D, H. M2 p& X; ^1 e6 L& tor in any of the four preceding years (first-time
5 ?5 b7 X; @& f, p: k1 \, uhome buyer).
5 |1 c. G4 z6 M% b- Z' C; T! xNote
' P+ Q' N9 j$ \, D0 E" q& GYou do not have to be a first-time home buyer if you are
8 C; {5 h* C' a, a# H8 y$ W5 zeligible for the disability amount or if you acquired the% k: _# d7 n3 c- L
home for the benefit of a related person who is eligible
" }" {% m: p7 w+ kfor the disability amount. However, the purchase must
' m$ ?2 S2 ?$ m, ebe made to allow the person eligible for the disability- [7 g/ n; F1 e, E7 e( w5 \
amount to live in a home that is more accessible or better
s# B0 |! i# q( U1 zsuited to the needs of that person. For the purposes of2 d; ^" Z- u% r4 f5 W& q Z1 C
the home buyers’ amount, a person with a disability is
3 S) E3 ]7 \, D( E* x/ t# }) kan individual who is eligible to claim a disability amount
& z8 p* {2 x/ e4 `( Ufor the year in which the home is acquired, or would be
N, H* V/ i# S8 h9 o( ^eligible to claim a disability amount, if we do not take
3 d7 U9 \9 w; j6 Pinto account that costs for attendant care or care in a
1 V% W! h8 _ r6 s+ K+ H' z/ i1 vnursing home were claimed as medical expenses on lines6 Q- R. K3 m) c0 w/ _4 `* w
330 or 331.
) B" }" o0 y: WA qualifying home must be registered in your and/or your
4 f& j5 L. ?6 T5 q G: d& \spouse’s or common-law partner’s name in accordance
% H+ a, i# r5 D' J$ x; kwith the applicable land registration system, and must be7 l" B, N7 v, I
located in Canada. It includes existing homes and homes
4 d; i1 @) v3 s6 Eunder construction. The following are considered
& _ I9 }; S2 ]$ y% b1 C. Hqualifying homes:
1 g, B" Q8 y( g& k R& W■ single-family houses;6 c* m4 p; g8 R+ B; n Z/ s/ _
■ semi-detached houses;
8 ]. s2 s4 k, R% U; o■ townhouses;" F$ k0 ~; P7 ~ S* @7 [
■ mobile homes;
. ^& H& @# p" ?& G# \■ condominium units; and
/ z# O) i. h: B' G+ ]$ |■ apartments in duplexes, triplexes, fourplexes, or, `6 K1 X! ~6 e" a$ M' d
apartment buildings.
, r6 A# J. o9 r7 Q+ RNote
, j: }" N9 V/ `# |; nA share in a co-operative housing corporation that }) U! l9 j' h7 Q2 F' r1 X
entitles you to own and gives you an equity interest in a
5 ]5 G! D6 R, Z* c' X/ R3 nhousing unit located in Canada also qualifies. However,
8 g: w8 R0 j' i. ia share that only gives you the right to tenancy in the
+ X" {( O4 [( q/ y0 J4 w0 E* Khousing unit does not qualify.
7 l" r6 n. q/ LYou must intend to occupy the home or you must intend
9 I x8 h2 o7 w$ Tthat the related person with a disability occupy the home as
4 q! F) j @0 p0 V$ O: W# Y# ua principal place of residence no later than one year after it F) ?, _, r# A& [; d; A9 |) [/ U% \
is acquired.
8 e# c' n) G0 @; jThe claim can be split between you and your spouse or
0 v2 R: |4 n- F& J# O. l$ V5 ^common-law partner, but the combined total cannot exceed% V7 e6 I! b& ~
$5,000.
' a) o- w: {$ Z0 gWhen more than one individual is entitled to the amount1 W; V6 |/ O! m4 n# g
(for example, when two people jointly buy a home), the2 K O1 l1 m$ |& _+ ?3 o
total of all amounts claimed cannot exceed $5,000.
n5 U( Q3 Y9 ~$ D( _! pSupporting documents – If you are filing electronically, or; _0 L0 c* }( r# ~: i! ]
filing a paper return, do not send any documents. Keep all
* q$ O' E/ E* p! kyour documents in case we ask to see them at a later date. |
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