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Please see the below detail:6 d% U3 }9 U# o2 l
Line 369 – Home buyers’ amount8 Z, ^- }6 n" i
You can claim an amount of $5,000 for the purchase of a
: S& y$ l2 r" m6 w# a% vqualifying home made in 2010, if both of the following
* x+ [9 U: v: |. {$ P9 C3 N3 \" N' |apply:
0 z9 q; L3 S- E( D( z■ you or your spouse or common-law partner acquired a
7 K- `- K! S$ I. W+ V* zqualifying home; and+ O4 L& h7 R- T/ w/ x7 m
■ you did not live in another home owned by you or your p q: c8 G- p5 h4 J* t* X
spouse or common-law partner in the year of acquisition' V3 y4 c |! h& v
or in any of the four preceding years (first-time
' M+ G0 Q2 v4 Qhome buyer).
5 y$ k E& ~: \' J. x8 HNote ]; b: C+ o( O+ I( q
You do not have to be a first-time home buyer if you are
2 h8 r5 H. F9 Veligible for the disability amount or if you acquired the
* @9 x3 z: Y' R f/ t9 Nhome for the benefit of a related person who is eligible2 Z# [$ H' a- A" ~( p
for the disability amount. However, the purchase must
) A1 W+ C6 _7 H! d$ {+ dbe made to allow the person eligible for the disability& O) O. I: h3 ^. q
amount to live in a home that is more accessible or better
! [& R- l2 a: S2 h8 P8 Xsuited to the needs of that person. For the purposes of* y$ e6 b; s6 M& f( p
the home buyers’ amount, a person with a disability is
6 x, `: o) v: ?* Xan individual who is eligible to claim a disability amount
6 M& `; u# t' j* d% S: J7 \for the year in which the home is acquired, or would be9 `- p( f# c j. ~/ C
eligible to claim a disability amount, if we do not take
% S2 O* _; U8 v% M- ]into account that costs for attendant care or care in a/ r. k8 s, r$ N( p9 f
nursing home were claimed as medical expenses on lines5 P' E4 E" Y# R( G
330 or 331.
, }2 [5 l) H0 D2 _% k. I: uA qualifying home must be registered in your and/or your; r, n; |" z0 ?2 @( i9 w
spouse’s or common-law partner’s name in accordance
8 l+ P2 m' b5 t: D+ nwith the applicable land registration system, and must be
( _1 o/ v$ y) u; P4 \ F$ U: G" [located in Canada. It includes existing homes and homes% Q& s; p+ t0 X- [+ r0 g
under construction. The following are considered
: A* b4 Y f) R; }3 Jqualifying homes:$ ]* j0 R/ a7 W% P
■ single-family houses;
* h+ y) |7 ?5 x■ semi-detached houses;
5 |- d/ l5 V/ \: S■ townhouses;6 H% |; A i, [1 i4 O
■ mobile homes;- Q0 H0 C8 k r8 A5 g' {9 m ?: W
■ condominium units; and1 e( f2 r& x$ h
■ apartments in duplexes, triplexes, fourplexes, or
/ g6 n2 I. u! w8 _0 @, c( U0 lapartment buildings.
3 x& V w% j" b5 {: oNote
5 |* v+ a+ e* I9 d1 d) nA share in a co-operative housing corporation that
# q# ^$ b: X/ o. o% mentitles you to own and gives you an equity interest in a3 G# Y4 B6 o5 Z: ]+ p4 r
housing unit located in Canada also qualifies. However,
, e; E2 J: u. c( A0 p# e$ G5 P" pa share that only gives you the right to tenancy in the4 D0 f. d- L) |
housing unit does not qualify.- ^+ _; H* Q3 d; _( D- q: h# R; o
You must intend to occupy the home or you must intend
6 q# s5 ]0 I7 dthat the related person with a disability occupy the home as
+ |6 _( w. n3 J# xa principal place of residence no later than one year after it
+ S& s, M/ p- o$ z! qis acquired.
3 f3 P* f8 b8 ~) M! q) c2 k! U/ HThe claim can be split between you and your spouse or
. ?3 Y% C0 \% J0 S6 j5 ]common-law partner, but the combined total cannot exceed+ f3 u( z) j5 Z$ k, u9 C# p
$5,000.0 T" w$ O# L) K6 a
When more than one individual is entitled to the amount# c/ b/ s7 C7 r9 s. H( d! U
(for example, when two people jointly buy a home), the+ ?3 d& c; ?5 ]% G- w$ n5 j2 |
total of all amounts claimed cannot exceed $5,000., p) u7 a+ V+ Q; x: \
Supporting documents – If you are filing electronically, or! [8 x' b8 b n; v, o: w: X6 {
filing a paper return, do not send any documents. Keep all" V7 t- o. L4 F' z T
your documents in case we ask to see them at a later date. |
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