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Please see the below detail:
% V2 p% W* m4 K/ G( @2 vLine 369 – Home buyers’ amount
; B& b R3 K# q' ?1 B" wYou can claim an amount of $5,000 for the purchase of a: f( [+ @5 ]7 C+ k! F
qualifying home made in 2010, if both of the following7 T, ]% q2 {4 R% V( r9 K Z; n
apply:
( k! s- ?8 U3 Y. z2 v■ you or your spouse or common-law partner acquired a, z2 i9 |1 Q" S$ D; C3 t5 |1 G' h9 M
qualifying home; and
2 ~& V5 K/ ?% l; ~3 W■ you did not live in another home owned by you or your
9 D, `" P8 C1 U1 Qspouse or common-law partner in the year of acquisition; S7 b R; h a/ ?! Y, ~7 C z
or in any of the four preceding years (first-time
9 x0 I, z0 R$ ]+ L5 vhome buyer).& v7 R7 I2 A; ~ c. Q8 g) n1 @; g T* W
Note8 X; n: c" x& C5 H2 ?& E
You do not have to be a first-time home buyer if you are1 K% _& `$ { F8 c; e* v
eligible for the disability amount or if you acquired the
8 w! K& m5 }4 ] Vhome for the benefit of a related person who is eligible
I& o$ p. i! y- o. }7 x* G _5 F8 `, G3 Zfor the disability amount. However, the purchase must; f, Y7 |. C& ]3 j6 S1 W
be made to allow the person eligible for the disability
, X2 F3 V) {5 B- Y1 s+ y" B& Yamount to live in a home that is more accessible or better0 X& }" Q' h( b( R
suited to the needs of that person. For the purposes of
" d" ~1 `9 r2 Bthe home buyers’ amount, a person with a disability is
& O4 w: S0 y/ \8 Can individual who is eligible to claim a disability amount
6 i+ J$ h4 G' Dfor the year in which the home is acquired, or would be( B: O7 @ U# a' W! }& Q% O
eligible to claim a disability amount, if we do not take2 b3 Y. k( @2 A4 f, b. E g/ h
into account that costs for attendant care or care in a
0 R- g. @) j7 f) v/ Onursing home were claimed as medical expenses on lines- t( g. i! Z2 n3 P! K' U( {
330 or 331.
7 H8 }) X$ E9 Y8 g9 j0 I! d# \A qualifying home must be registered in your and/or your6 ^4 A7 y& M9 m7 m2 @3 P- g- ?; y
spouse’s or common-law partner’s name in accordance
- w0 F( ^0 }) R m! O# r, D. B& Kwith the applicable land registration system, and must be" _2 J+ R6 U# Y" T; {0 A5 z s% e
located in Canada. It includes existing homes and homes
: Q- w; U: E; _# F) ~under construction. The following are considered
: t# E$ x% [# J2 jqualifying homes:& m) Q! k) z5 B
■ single-family houses;
+ Q5 M% p( z! u1 A, V% d6 X■ semi-detached houses;
# R+ h( S) ^, c6 v: [, v1 W) g N' {" v■ townhouses;/ \" k9 \0 }) ?" `3 ~3 ~6 x
■ mobile homes;
4 R4 s% M! g( K8 ]% m& w( h) R' \■ condominium units; and% Y/ C% u) M" b+ C8 w
■ apartments in duplexes, triplexes, fourplexes, or6 [) q0 v4 U+ x. ]
apartment buildings.8 v' |3 k8 j: @! [" R1 b. Q
Note. b9 J9 j6 u$ O0 p
A share in a co-operative housing corporation that+ o/ I# Z0 T( f: o, x2 j/ R
entitles you to own and gives you an equity interest in a
% W% ]8 b1 X2 }' q1 j! Qhousing unit located in Canada also qualifies. However,3 i, X0 N& a( E9 K, W7 ]
a share that only gives you the right to tenancy in the9 j0 K: c: [9 J9 d7 g- H
housing unit does not qualify.
& @( E' I M8 K7 ^( k9 l8 IYou must intend to occupy the home or you must intend
- a% b2 O8 W. j- a/ ~/ q1 Tthat the related person with a disability occupy the home as8 o6 {0 v: M- s/ R) |. T
a principal place of residence no later than one year after it
+ X9 Q" t3 o% s& `is acquired.
8 I' t, L k* h5 S/ CThe claim can be split between you and your spouse or
, W$ N- a+ E( J, Qcommon-law partner, but the combined total cannot exceed) h' ]; ]5 M3 P/ L9 z" p1 u
$5,000.
! o5 s1 X( c5 s3 qWhen more than one individual is entitled to the amount
, g- h4 W$ k6 m" q+ G( _6 S( j(for example, when two people jointly buy a home), the
- Z* Z* C( r) J* Q! ?, |total of all amounts claimed cannot exceed $5,000.9 B2 c8 l# g. e3 s
Supporting documents – If you are filing electronically, or. f3 \) n) ]3 N" M) J4 ?
filing a paper return, do not send any documents. Keep all& E4 \# B! `$ u- z. T
your documents in case we ask to see them at a later date. |
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