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Please see the below detail:2 ]0 [' s3 d; D) @4 g1 \+ q
Line 369 – Home buyers’ amount
* X: |5 e7 [0 h4 ^$ VYou can claim an amount of $5,000 for the purchase of a
, R7 N$ h3 q" P+ }' e7 _& Aqualifying home made in 2010, if both of the following! S R X0 U. C, W5 x) S: ]
apply:
) Z u% S2 e, y■ you or your spouse or common-law partner acquired a8 I. @+ [ K. k: w# P* Y
qualifying home; and* d, C" v# i' `+ F: f8 i0 f' u
■ you did not live in another home owned by you or your$ B8 Z6 e' C8 g( Y1 h
spouse or common-law partner in the year of acquisition! z' p- }4 R7 d, V+ ?% v7 i/ G
or in any of the four preceding years (first-time
; L. E$ U5 R2 { R7 u' o; Thome buyer).' P2 G( }( o( B0 j% e5 | T
Note, W* Z L; T8 i3 c7 z. w$ ^5 W
You do not have to be a first-time home buyer if you are& k+ ]/ c8 q& `1 g2 @/ w
eligible for the disability amount or if you acquired the
5 _* W) N, W$ dhome for the benefit of a related person who is eligible# p& H) e9 F4 ^/ Y7 f- `
for the disability amount. However, the purchase must
; g" o; @7 I8 X; Bbe made to allow the person eligible for the disability1 y- e; {& U) @' C3 o
amount to live in a home that is more accessible or better
5 ?% b0 _( C9 o; A" i5 Rsuited to the needs of that person. For the purposes of
9 Z: d. m; J$ O, b7 d+ X& athe home buyers’ amount, a person with a disability is- `2 v7 r. R, O* _4 t* e
an individual who is eligible to claim a disability amount
0 `' y0 T% I$ A# l+ |+ Ifor the year in which the home is acquired, or would be
) C# g4 h/ Q: b0 Jeligible to claim a disability amount, if we do not take, {! @" w7 D- |. H1 w
into account that costs for attendant care or care in a% Y* Q. h+ k; I# p; Y( t
nursing home were claimed as medical expenses on lines
" A" q0 _7 w( X" ]- [) _330 or 331.
0 l& p4 T- X2 C$ yA qualifying home must be registered in your and/or your
: k3 r7 f& f7 ^- hspouse’s or common-law partner’s name in accordance5 V1 b7 K V, y3 `# Q
with the applicable land registration system, and must be1 Z$ |8 N9 f1 t' U. l9 C' P
located in Canada. It includes existing homes and homes
: c5 G, F( M. Z# R3 }under construction. The following are considered" T1 U+ X! ^% p; T, H, |) E& U
qualifying homes:# {( w# N7 Q$ h5 k5 j/ K
■ single-family houses;) r) r$ X# s6 u! \* g- U7 U
■ semi-detached houses;: D/ T* o$ ~6 V8 I; l
■ townhouses;
$ p, m$ b3 z# @9 R" S' c1 t■ mobile homes;
! L8 i$ G) e: _: x■ condominium units; and' A. V% Y* s# a; }1 B
■ apartments in duplexes, triplexes, fourplexes, or
2 O% [4 a% n5 l9 k% Kapartment buildings.
" V" G* S# J# Z6 bNote5 Q* ]" D# l" s1 E2 u6 ~
A share in a co-operative housing corporation that. s/ Y# c8 I i. g h
entitles you to own and gives you an equity interest in a
6 s+ E b# s& W" Xhousing unit located in Canada also qualifies. However,
5 Q* z% ?; U% aa share that only gives you the right to tenancy in the8 K6 U8 J) _. p: v5 n
housing unit does not qualify.
# [9 ^0 Z0 _. y. ~" A6 D- X3 U" f9 yYou must intend to occupy the home or you must intend7 U9 W" z/ e8 `8 R
that the related person with a disability occupy the home as+ X7 E+ C% [! \% [, n( n
a principal place of residence no later than one year after it3 ] l4 ] E& i' T
is acquired./ T, F- m& \/ n# ~: i# H! Q) }5 S
The claim can be split between you and your spouse or& v% Z7 j0 G$ K& B3 e }
common-law partner, but the combined total cannot exceed8 E. Q9 P* H/ L% U
$5,000.& n8 M# L* `( u6 F3 b1 B7 u: x8 p
When more than one individual is entitled to the amount1 q0 k" c& Q, ]% a$ o. C/ j
(for example, when two people jointly buy a home), the
$ [+ _+ U Q! B/ S7 ]total of all amounts claimed cannot exceed $5,000.0 o ?- _2 L# C+ t6 t% J
Supporting documents – If you are filing electronically, or, y2 ]! D7 h1 E+ F) B
filing a paper return, do not send any documents. Keep all
& y: l1 V0 C& Q# F' ]# lyour documents in case we ask to see them at a later date. |
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