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Please see the below detail:6 [9 a" ?9 @* h) Y5 c! o# w
Line 369 – Home buyers’ amount
+ f( s+ d6 n4 {1 ~& d: EYou can claim an amount of $5,000 for the purchase of a
+ i5 s1 Q: f3 a2 R* P7 {/ bqualifying home made in 2010, if both of the following
. o. ?: v5 `3 B9 P3 Y3 C6 gapply: v( d4 A! l1 c7 z" y1 Z
■ you or your spouse or common-law partner acquired a/ B0 _" K' ?/ k, P1 w& R3 a
qualifying home; and' h% z1 \% j4 r& ^, ?
■ you did not live in another home owned by you or your
' p0 k0 ~: l" C, I, A. fspouse or common-law partner in the year of acquisition6 \" ^$ a; w% @) j' X
or in any of the four preceding years (first-time& y d7 l+ ?& Y( J% m" N
home buyer).
, G3 g8 ], l9 C; L+ k) W3 `; @Note
h$ O K8 u* Q) z* @You do not have to be a first-time home buyer if you are
0 \! t. c/ b& V/ f/ ueligible for the disability amount or if you acquired the
# _- Z' C- |$ d, Uhome for the benefit of a related person who is eligible
0 H o$ U3 s7 ~for the disability amount. However, the purchase must
. z; {: N3 i: c9 a9 Kbe made to allow the person eligible for the disability
& l) F9 t6 J- g$ y* x! C$ uamount to live in a home that is more accessible or better8 r( n4 \; S5 O
suited to the needs of that person. For the purposes of
' J$ [6 n( {, Z5 Y" m+ L+ n, s, ]" gthe home buyers’ amount, a person with a disability is
% f4 ^4 [% W8 c/ |& F0 Jan individual who is eligible to claim a disability amount+ a; j5 G' ~$ ~$ B1 J: B/ F
for the year in which the home is acquired, or would be
3 x2 x0 c' p5 Z4 leligible to claim a disability amount, if we do not take
' S6 z+ p8 `1 b. _- |into account that costs for attendant care or care in a% u* V+ }- F0 }! |+ K( q. H
nursing home were claimed as medical expenses on lines
8 e/ D( q ~( K" k330 or 331.) ^6 T2 q# K" `; V" t T
A qualifying home must be registered in your and/or your* U# B+ j2 k# N: b
spouse’s or common-law partner’s name in accordance3 p: L; g4 ^2 y, c9 y, {
with the applicable land registration system, and must be' F# ] `5 a( B
located in Canada. It includes existing homes and homes" ^, V% n0 U- [- g
under construction. The following are considered$ y( X/ @) ?3 P2 I" ?
qualifying homes:6 R( t; G" B3 z. ^" M P, q4 X0 C
■ single-family houses; \3 H1 W; h6 L+ i& l* w
■ semi-detached houses;6 b! B9 T: I9 H4 M7 a% t# I y
■ townhouses;
9 h# ?( W" i! b* x% F4 m$ q■ mobile homes;
* y3 n' d, |4 E3 w" H. g6 y; [3 \' R& x■ condominium units; and* X2 |/ U) a7 {/ n$ y8 f# @
■ apartments in duplexes, triplexes, fourplexes, or& x9 b( ?" q: R- B
apartment buildings.
' e5 o0 u$ m/ k& q2 n$ f2 Z( p6 WNote" m- Y e& m2 ] K- w
A share in a co-operative housing corporation that$ V$ C* o* k m, n* b2 h
entitles you to own and gives you an equity interest in a. n' F3 a0 t5 P/ O- m6 L8 t. \: R
housing unit located in Canada also qualifies. However,/ I) ?* p" T0 w( {$ C. `1 Q
a share that only gives you the right to tenancy in the: F5 p. U! f% e7 j0 U3 N
housing unit does not qualify.
$ F8 ]; m5 m4 @4 u% V, X1 IYou must intend to occupy the home or you must intend
% H6 u- ]' m0 s8 o$ D0 Pthat the related person with a disability occupy the home as
6 R% Q( y* n& Ha principal place of residence no later than one year after it( F3 ?3 a6 ?5 ? |6 z5 G: p
is acquired.
7 L3 g/ E; v: w& Q( f8 TThe claim can be split between you and your spouse or7 c+ Q& d X, Q, }
common-law partner, but the combined total cannot exceed8 R0 T S( j! R( n
$5,000.
6 v( [# p' ^# h5 s$ |' YWhen more than one individual is entitled to the amount( }( C0 z5 {3 d' Q8 |" ^
(for example, when two people jointly buy a home), the0 V1 j3 J/ I5 W; q, O
total of all amounts claimed cannot exceed $5,000.
$ Y3 [. J- b% a6 m8 v9 w( m6 @Supporting documents – If you are filing electronically, or
5 l+ H6 O5 i& i* nfiling a paper return, do not send any documents. Keep all
+ l% x2 z" L9 j0 Tyour documents in case we ask to see them at a later date. |
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