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Please see the below detail:" Y, `: S. ^/ F; \
Line 369 – Home buyers’ amount
$ w: u3 ~" B6 B( S6 _1 ~% J% y3 nYou can claim an amount of $5,000 for the purchase of a- ^4 T* W! j$ b0 W
qualifying home made in 2010, if both of the following
5 l1 J! w8 L2 @& v5 `* rapply:7 v6 |, o6 W3 [8 t
■ you or your spouse or common-law partner acquired a
! Z1 p$ t; A$ R$ J$ |' fqualifying home; and
% v4 L; o1 @9 ~. Y■ you did not live in another home owned by you or your
4 Y! z2 b% r/ X/ `1 mspouse or common-law partner in the year of acquisition
+ O# L. D) ]- `5 e- n2 D9 w# B! p; Yor in any of the four preceding years (first-time( `4 W; g" I6 [1 L. D
home buyer).
- h6 @9 a9 p8 t ^9 rNote7 X. [% |9 o+ X" _3 T
You do not have to be a first-time home buyer if you are% ^+ I2 A* e1 l
eligible for the disability amount or if you acquired the
3 E6 x: e" c* [home for the benefit of a related person who is eligible
2 @6 H8 ~& C3 I# ~" e+ t& ?5 s+ h5 C0 ~for the disability amount. However, the purchase must
' I% @+ {/ @9 V* R* t$ D; e" Kbe made to allow the person eligible for the disability! x8 N8 Q) U6 T
amount to live in a home that is more accessible or better1 O# a K) X/ d* ~
suited to the needs of that person. For the purposes of; V; w% p. m9 M E
the home buyers’ amount, a person with a disability is1 F2 N h; ^* w# R5 n5 i' J
an individual who is eligible to claim a disability amount. a F* r6 \0 w1 ]* W
for the year in which the home is acquired, or would be
! t* ?+ }! u6 celigible to claim a disability amount, if we do not take
; \" i# Z+ M( Dinto account that costs for attendant care or care in a
8 M) o% c/ ^" u% \- rnursing home were claimed as medical expenses on lines, T- t' W3 ~9 s3 M
330 or 331.( }- c/ y/ i$ I
A qualifying home must be registered in your and/or your
! B4 b @; k t; H8 Dspouse’s or common-law partner’s name in accordance2 j$ C% a% ~! s, l
with the applicable land registration system, and must be
3 D/ r/ g2 _" i6 I- h. v' g' M% f6 Alocated in Canada. It includes existing homes and homes
4 i; e: w3 v) M+ ^" G! o/ t/ Munder construction. The following are considered
5 s: M) `) r Y' k4 ^qualifying homes:
7 i9 n8 X6 a" D( n: w■ single-family houses;3 d' N; f E/ ~$ @: s( r( x
■ semi-detached houses;0 v6 F8 Y$ V8 j- N% [9 H- ?) A
■ townhouses;
* R5 ^* E8 K2 o! v2 K3 Y■ mobile homes;
. w; \8 |+ N* h, g■ condominium units; and: m, \3 E# _ ?7 R7 } @
■ apartments in duplexes, triplexes, fourplexes, or
) j) |4 d7 a& L" N; H, T- f% _/ Uapartment buildings.8 [" d) {! q) i, G) G4 S4 [2 F
Note* \5 ^; x% @* P& ^/ A2 H
A share in a co-operative housing corporation that
4 Z: [' @- P9 Q# |' V9 uentitles you to own and gives you an equity interest in a/ G0 K$ k& ], Y3 g8 K( R5 x
housing unit located in Canada also qualifies. However,
3 g L) y/ E8 oa share that only gives you the right to tenancy in the2 ?3 Z' B' X* k# J. H; V
housing unit does not qualify.
, b0 [8 X6 A9 @' B+ r6 w! lYou must intend to occupy the home or you must intend- p: ~( C+ o) C
that the related person with a disability occupy the home as7 p, f# T) @6 } X/ k3 X) W' [# \3 W
a principal place of residence no later than one year after it; y; e, i2 ~0 X+ e
is acquired.
! p9 t# i" s- N2 W% g& T5 M$ UThe claim can be split between you and your spouse or
/ y; [. ] ~3 i, M' S; |common-law partner, but the combined total cannot exceed
' M) a7 U- O5 L' m' ]$5,000.
: G+ P8 ~! f% c8 w# mWhen more than one individual is entitled to the amount) s! y5 |0 G; W( j4 ~+ l. I% U
(for example, when two people jointly buy a home), the
& e: V- |+ s% E+ F/ a- Q. ~4 Dtotal of all amounts claimed cannot exceed $5,000.
5 P+ {1 }8 ?& q% XSupporting documents – If you are filing electronically, or2 Y" h' \7 {# ~' D& t* E
filing a paper return, do not send any documents. Keep all
8 c+ R+ M" W" A5 Kyour documents in case we ask to see them at a later date. |
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