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Please see the below detail:
+ ^7 s& s% g, K- `& j5 \Line 369 – Home buyers’ amount
, M* A3 Y9 V. B; c* {' `You can claim an amount of $5,000 for the purchase of a
# u$ Y: B8 z \7 z7 i1 Z V0 Dqualifying home made in 2010, if both of the following$ _" a3 s2 @. U0 i% g
apply:' a8 K; j/ J. o' x; _
■ you or your spouse or common-law partner acquired a4 h% U4 w8 \6 Z$ d. p# i7 N! o
qualifying home; and
& Z2 j6 j5 A& i; t/ i& p■ you did not live in another home owned by you or your1 T' _7 x" a0 |% h# ?
spouse or common-law partner in the year of acquisition
& u Z# x, n5 Z0 t& e# |or in any of the four preceding years (first-time7 w. ^+ j+ f3 M* r
home buyer).$ z+ k# C" ?! E/ f
Note
2 z9 m. X' e. I/ ?: _: F" t6 uYou do not have to be a first-time home buyer if you are. L5 l# L! }, ~, w `
eligible for the disability amount or if you acquired the% I/ T. w' [: p1 f1 S+ W
home for the benefit of a related person who is eligible
% F* l. U/ Z# n/ b# J: Lfor the disability amount. However, the purchase must
: b1 J) i6 \7 O6 rbe made to allow the person eligible for the disability
; P7 n$ N. J) u" \2 u# bamount to live in a home that is more accessible or better
' G7 _* O+ l8 Z/ P' M4 h0 @1 tsuited to the needs of that person. For the purposes of
3 d! }# m6 j6 Z2 C% K- othe home buyers’ amount, a person with a disability is3 [3 H9 @! u7 ?$ d& l3 [7 o5 a
an individual who is eligible to claim a disability amount M% J5 F/ x6 U% m, Q. K
for the year in which the home is acquired, or would be
6 Z e$ }7 T8 ]* A2 jeligible to claim a disability amount, if we do not take9 s# K) V6 q: P8 n/ m
into account that costs for attendant care or care in a
4 }1 j: V) c4 Y5 z" ^/ jnursing home were claimed as medical expenses on lines
) ]; i! n4 R$ [2 N330 or 331.
# N' E5 D$ h$ T; q' U9 F8 aA qualifying home must be registered in your and/or your
y" j, ?! n, a' M. tspouse’s or common-law partner’s name in accordance
! q, n2 L- b8 v, d2 m8 Jwith the applicable land registration system, and must be
) V2 p2 u1 y9 E- {+ r6 C- `* ~located in Canada. It includes existing homes and homes
( r5 r, [$ S0 j0 Junder construction. The following are considered
f4 R! o* _, U" r1 V1 s' C8 jqualifying homes:$ a/ P5 K0 |7 i# V5 L9 X% Y
■ single-family houses;! L7 A& Z' U' N, k; n
■ semi-detached houses;
. z$ v9 G) ^" N. R: d3 v■ townhouses;
% v0 H0 V/ r5 A$ |1 t7 S7 [■ mobile homes;$ M- M1 s6 l1 N" t2 T {
■ condominium units; and+ u; v0 T" b1 z6 Y
■ apartments in duplexes, triplexes, fourplexes, or* ~2 X ^/ Z6 k" [5 h9 c! G
apartment buildings.! L, W' s1 a. q
Note. w5 _( `& a( C# {* b1 g, r8 S
A share in a co-operative housing corporation that( x7 X1 E' V/ I& u7 H
entitles you to own and gives you an equity interest in a
5 y* d$ P$ ]7 r9 Thousing unit located in Canada also qualifies. However,$ r3 [ \: }( H6 [0 v3 X
a share that only gives you the right to tenancy in the
- z: }7 e) ~% v* w. jhousing unit does not qualify.% x8 A$ s8 z0 L( C$ ~4 p; j
You must intend to occupy the home or you must intend
4 L) w! T- U0 v7 V0 ?7 {4 U! f- T2 Bthat the related person with a disability occupy the home as3 K' M$ l5 A, @3 N" N
a principal place of residence no later than one year after it! i3 I/ u7 |& [
is acquired.
7 ~% n) Z9 Q+ Y* s/ B- nThe claim can be split between you and your spouse or
/ S; U7 o' k1 ]common-law partner, but the combined total cannot exceed
6 R B d! ^2 _( R i9 O$5,000.
0 _. s& R' _1 p. A8 c& iWhen more than one individual is entitled to the amount
; J0 z. \, K# ~$ B) K(for example, when two people jointly buy a home), the# R" z4 B) J2 Q
total of all amounts claimed cannot exceed $5,000.2 d' U9 Z1 S& M% F: `! w3 n4 ]& H% F
Supporting documents – If you are filing electronically, or& _* M- D, P' e4 z, L* r7 C
filing a paper return, do not send any documents. Keep all8 y: A! Q# n5 E7 n/ f5 ~: J+ U6 S
your documents in case we ask to see them at a later date. |
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