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Please see the below detail:
+ h. E+ Z3 i+ O- O2 t0 kLine 369 – Home buyers’ amount8 t" v0 c+ d% A1 D2 |! [5 H: v
You can claim an amount of $5,000 for the purchase of a
) p: y. a/ `. O$ W+ Equalifying home made in 2010, if both of the following
- C; N( d: o7 P6 J, i& Japply:
3 A: E" [: x/ e e* V1 C■ you or your spouse or common-law partner acquired a' A; L9 [& p: E" E2 c! M
qualifying home; and
: \2 h& n) u2 s+ A* ^■ you did not live in another home owned by you or your
6 x( f; y; ~1 D) R/ s2 jspouse or common-law partner in the year of acquisition4 U1 n5 X# `; ^2 I) G _; ~
or in any of the four preceding years (first-time. E7 W# M& W/ \+ \) L
home buyer).+ w3 U: u* x$ A
Note
3 \( @' y7 w+ eYou do not have to be a first-time home buyer if you are
# m) T) i' v* y" O9 i* Yeligible for the disability amount or if you acquired the* H- F. n# O% v" v. a' o; ?9 T
home for the benefit of a related person who is eligible" r4 h V* I% \
for the disability amount. However, the purchase must, J/ \( f' C9 G+ n5 T$ ^
be made to allow the person eligible for the disability
/ m: i5 b! E9 jamount to live in a home that is more accessible or better
6 t8 p2 F8 _8 n) ]! Jsuited to the needs of that person. For the purposes of
3 i, j9 C* x3 M+ z, C5 kthe home buyers’ amount, a person with a disability is) H3 F( j: C; [+ S
an individual who is eligible to claim a disability amount
; U$ y5 I* E9 G8 g+ c+ @* m9 W+ `for the year in which the home is acquired, or would be
2 |2 P% H( }# xeligible to claim a disability amount, if we do not take
: @' J" p f0 e: f0 z* i1 y5 c% D4 D( [into account that costs for attendant care or care in a8 f% u* G3 ^2 t3 l
nursing home were claimed as medical expenses on lines2 s. n6 J% i3 V1 D0 c
330 or 331.5 ~& N( ~% l2 R( x: Z) i
A qualifying home must be registered in your and/or your( Q9 E d9 ?0 j, }8 }& Z0 W
spouse’s or common-law partner’s name in accordance
! E q+ t$ Z& U) j8 jwith the applicable land registration system, and must be( n' v: |* M( R4 w$ ^& Y1 n$ R
located in Canada. It includes existing homes and homes
. R; i9 |' g8 T, B& c7 Cunder construction. The following are considered
; O; k0 p5 P$ p* N) `qualifying homes:' v& ~3 F* B- F* c; K0 V
■ single-family houses;
3 v3 I' k# b* u1 x■ semi-detached houses; `" z0 P8 v7 p0 y8 R9 _7 o
■ townhouses;
% B. x! i# O b( e. s■ mobile homes;5 U% g4 \& D6 U* i% |1 z9 q
■ condominium units; and
5 B8 X7 h3 I/ S J4 ]5 }■ apartments in duplexes, triplexes, fourplexes, or9 D1 _/ u0 U% ^/ w. J2 _
apartment buildings.) W; a/ S+ F9 W% j
Note& I7 n. E" y* A" m8 w3 Q" C4 ~
A share in a co-operative housing corporation that
]1 n. I9 `" c; ^entitles you to own and gives you an equity interest in a+ m5 j* }/ q8 m6 C, v5 n. `3 s
housing unit located in Canada also qualifies. However,
1 z$ \# Q R% @, \6 Xa share that only gives you the right to tenancy in the) [+ z6 j! a9 o+ m6 B+ o* B
housing unit does not qualify.
4 _8 p7 M4 L9 GYou must intend to occupy the home or you must intend, X* u3 h6 L1 s( C9 P
that the related person with a disability occupy the home as
) c9 W8 k2 x/ j5 C) Na principal place of residence no later than one year after it
% m5 ~* Z( `0 ]3 V1 T( N: g; n3 Qis acquired.6 c! ]/ _$ d, |" Y
The claim can be split between you and your spouse or# b- Q; x2 m# y5 B, T- j% S
common-law partner, but the combined total cannot exceed' o9 _! Q% _4 u3 R8 @
$5,000.
- I/ F' k6 G3 B1 u tWhen more than one individual is entitled to the amount0 S6 I6 m: {% `- T0 o% `
(for example, when two people jointly buy a home), the9 o0 D B* b) t7 D: _* n
total of all amounts claimed cannot exceed $5,000./ h: ^- W: `$ f3 D2 o3 d5 K
Supporting documents – If you are filing electronically, or
7 h+ x5 m: F% v K9 {4 s: _& Efiling a paper return, do not send any documents. Keep all
8 u+ @3 l6 a, X9 Z4 e$ syour documents in case we ask to see them at a later date. |
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