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Please see the below detail:7 v# R, J" Y) |' \5 p1 w8 e
Line 369 – Home buyers’ amount. }: @4 A4 A; ~! ?' e& ?" L
You can claim an amount of $5,000 for the purchase of a
( R) G2 U v8 W" n2 R4 S0 bqualifying home made in 2010, if both of the following
" g, |$ ^7 K* iapply:
9 g+ R& t, [8 R! a) c■ you or your spouse or common-law partner acquired a
' R+ X, l4 S/ F6 C2 N4 Z" Bqualifying home; and. G8 D: ~5 w5 B- u6 j) Z
■ you did not live in another home owned by you or your
& Y6 B5 Q( `8 o, F- ?- I8 h* Mspouse or common-law partner in the year of acquisition( g4 f3 x, i" \3 t+ }
or in any of the four preceding years (first-time
# M; i7 `4 ^. {; S. I- F+ phome buyer).$ s! R0 A0 D9 h9 z
Note
/ T1 r9 l* O) qYou do not have to be a first-time home buyer if you are# Y7 b3 D1 r7 d, H4 u3 s! V7 w
eligible for the disability amount or if you acquired the4 h9 O% B: E( @- b+ o/ t4 i
home for the benefit of a related person who is eligible) P/ t- M' c2 t+ j, g
for the disability amount. However, the purchase must: {" X! d9 o9 b0 H; ]* J- b4 b
be made to allow the person eligible for the disability
( n3 j" [- Z8 o( uamount to live in a home that is more accessible or better
1 F: `" [0 B; j0 a' @ psuited to the needs of that person. For the purposes of
; t1 t, n$ v* |0 {3 A% cthe home buyers’ amount, a person with a disability is- \# S3 ~/ E/ b8 z# A
an individual who is eligible to claim a disability amount
- @4 I5 O! T% S, I4 n- g8 X% L6 p: hfor the year in which the home is acquired, or would be
5 i" }% }% p0 [; l% [eligible to claim a disability amount, if we do not take
9 E/ e7 ]4 Z$ C' pinto account that costs for attendant care or care in a
% \$ g5 P. }/ C7 U- Vnursing home were claimed as medical expenses on lines
8 o5 }" `4 O" Y) ]330 or 331.3 b7 w; x" g9 x& { b9 f* p
A qualifying home must be registered in your and/or your/ ^9 y0 ?! x3 `) U
spouse’s or common-law partner’s name in accordance$ c* T3 O- o7 b; f1 `
with the applicable land registration system, and must be
, g1 G- M8 @% n+ v8 d' slocated in Canada. It includes existing homes and homes
& `" H" t3 e$ A/ k9 }) [! K r/ Sunder construction. The following are considered
% F1 `3 r4 B) D8 l: }qualifying homes:( @7 l1 ^5 }6 f! W
■ single-family houses;) g2 [% V2 D3 @" P. F
■ semi-detached houses;$ n! P( V. R7 M3 g
■ townhouses;; k- N) S; h* O! J3 [
■ mobile homes;& x/ Z h0 ^( x/ I; v
■ condominium units; and! @0 t1 ]1 s2 h- H) C! L
■ apartments in duplexes, triplexes, fourplexes, or
" }) s4 a6 ]& P% g- Tapartment buildings.2 ^; a. u8 o% Q: ~ s, Z; Y( e
Note4 G% F0 n# J* ]; R- b! g
A share in a co-operative housing corporation that
6 a; N- v# @& F. j+ o, {% Zentitles you to own and gives you an equity interest in a! \* N% D% e: \" G& o+ K' K5 Y5 `
housing unit located in Canada also qualifies. However,
5 T# k- j* Y6 da share that only gives you the right to tenancy in the0 W8 L" S/ w2 u! J
housing unit does not qualify.8 E0 N5 ?$ p% B1 Z I9 V, C
You must intend to occupy the home or you must intend9 Q2 e* C; D; A: I% U( A
that the related person with a disability occupy the home as; n, `! ^5 I/ Z: B& R, ]
a principal place of residence no later than one year after it$ d; ?. h" @# r9 B& T! J9 K# _- ?! W+ K
is acquired.' q, u3 v: B) x3 U% O! ^6 N _
The claim can be split between you and your spouse or
- G$ b, V1 _+ p% U4 bcommon-law partner, but the combined total cannot exceed; {* ~; M$ W8 K& I
$5,000.
$ L: n! F5 \# _$ V6 K7 xWhen more than one individual is entitled to the amount5 S% @4 X+ m- Q- h- {9 S4 i4 a
(for example, when two people jointly buy a home), the; D2 ~9 |3 m0 U8 O" h
total of all amounts claimed cannot exceed $5,000.
2 t# l9 B/ x% C! G; K+ oSupporting documents – If you are filing electronically, or
8 o3 I: }8 c j+ j4 s. rfiling a paper return, do not send any documents. Keep all
3 J# D1 _1 e, S$ Syour documents in case we ask to see them at a later date. |
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