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Please see the below detail:
( Q; g, ]0 {' t7 A5 FLine 369 – Home buyers’ amount
1 y+ u$ Y& \* m* Z0 FYou can claim an amount of $5,000 for the purchase of a: P( X/ [4 H- ^* l1 y3 ]
qualifying home made in 2010, if both of the following
- p* ^( M7 ]/ U1 ?& B3 W: Wapply:
+ T% s1 z1 X9 U+ l7 }0 r3 z: C S6 Q■ you or your spouse or common-law partner acquired a
6 F4 c1 Q$ j6 o& ]qualifying home; and
% B$ R' V; v0 B7 Q■ you did not live in another home owned by you or your7 G2 H+ j" r, h* L# i
spouse or common-law partner in the year of acquisition( I! z. _8 I& D6 T
or in any of the four preceding years (first-time
) L" N- O' g0 ohome buyer).- t2 Q: P6 }" _1 L
Note$ d; { Z. P% e% {1 @. Y
You do not have to be a first-time home buyer if you are" l$ M3 _ t- e. S% ^, _8 P
eligible for the disability amount or if you acquired the
0 T/ {9 f3 ^" p7 h) L4 xhome for the benefit of a related person who is eligible
# \6 I4 u: p# E6 o; i: R! a/ Pfor the disability amount. However, the purchase must+ s) u7 r$ b+ ]# W
be made to allow the person eligible for the disability
1 v* M$ I' }3 ^. [: c, wamount to live in a home that is more accessible or better! ?8 U; e8 X# z: H9 l- v4 t
suited to the needs of that person. For the purposes of, Q$ n4 @2 }1 w( k* \3 ^/ i1 f
the home buyers’ amount, a person with a disability is
9 i6 Z6 {5 [, c+ can individual who is eligible to claim a disability amount. n& j6 ] _' V4 ~
for the year in which the home is acquired, or would be4 P. n% s- j0 V
eligible to claim a disability amount, if we do not take
; O" d2 A) R+ D, e, O/ Dinto account that costs for attendant care or care in a
6 p6 L" u* v$ ~* i& r fnursing home were claimed as medical expenses on lines
; W1 c- O0 [4 z5 J4 y330 or 331.
$ x) v8 e1 q1 E0 P5 v. T iA qualifying home must be registered in your and/or your
1 S+ R: ~& R/ }. m3 A/ y, \# `spouse’s or common-law partner’s name in accordance
- Y$ N2 B' w9 D5 Y$ @with the applicable land registration system, and must be$ K# C5 P& w0 T( X7 c$ l
located in Canada. It includes existing homes and homes
S" {: r* S) A+ B3 h: funder construction. The following are considered
X: N ~+ p+ b% W& T0 s( m; aqualifying homes:0 U1 z' L9 h: `2 d) p: x6 L: x
■ single-family houses;
% Z, j, m. p+ @6 p■ semi-detached houses;( U ~- c! l' q9 C" g+ T$ K( W7 ?
■ townhouses;* x p- y0 J# Y1 j9 a+ O0 b7 E
■ mobile homes;8 ?) z$ Z$ i0 d2 J u
■ condominium units; and
0 E. Q ~) q4 B8 t' n1 H9 k■ apartments in duplexes, triplexes, fourplexes, or9 J. D3 K W: p) l I
apartment buildings.
- S7 W* i4 y3 x( h0 uNote
6 D0 T; N8 U4 ?9 V* k$ |/ a4 iA share in a co-operative housing corporation that, v4 m% `* G, s: o$ d9 t
entitles you to own and gives you an equity interest in a. B* {* p- I3 h, \( Q3 ]
housing unit located in Canada also qualifies. However,
: C: S# N4 S1 C+ Y# {+ s4 e5 T6 [a share that only gives you the right to tenancy in the
2 e7 M: x2 J9 Vhousing unit does not qualify.1 Q3 D# g" o/ h9 k( @
You must intend to occupy the home or you must intend1 T; P' k( G: I5 p. n1 L' B
that the related person with a disability occupy the home as
. e- k& A- f0 L0 W! ?$ ?# j' Y# Na principal place of residence no later than one year after it9 d: n6 u1 c, f( M) c$ c6 l
is acquired.) C$ {% r6 D/ K" S' Q6 x
The claim can be split between you and your spouse or
4 g$ [, |1 S+ t9 d7 f6 i* O7 rcommon-law partner, but the combined total cannot exceed
1 @+ ?" t* L0 x& B! L d" d; |$5,000.
: h! w+ O% `- DWhen more than one individual is entitled to the amount
3 R1 f0 m) Z& f% S/ n0 x(for example, when two people jointly buy a home), the8 f! \9 q' r3 K7 `8 W3 s o, o
total of all amounts claimed cannot exceed $5,000.6 Z& e; Z! ^8 B* I- J$ n
Supporting documents – If you are filing electronically, or
+ r2 `8 p& |" N' B' N* C0 ^) s5 mfiling a paper return, do not send any documents. Keep all
Y, L+ }! l6 K$ g Y: ~8 J Q) Iyour documents in case we ask to see them at a later date. |
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