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Please see the below detail:
3 y! x2 F0 G) Q( B5 o* iLine 369 – Home buyers’ amount; n: t6 V! {# d& J5 @3 i
You can claim an amount of $5,000 for the purchase of a
7 M0 s2 C% C8 @3 nqualifying home made in 2010, if both of the following
+ p' O2 a" g: V, L9 Mapply:5 ~3 w( C$ W# K% Q% B$ ^
■ you or your spouse or common-law partner acquired a
9 n1 E0 v4 j7 e+ zqualifying home; and! ~- Q- M) ]+ P5 Z/ Z% s: \
■ you did not live in another home owned by you or your
5 }; E0 _" U& B7 x. r J% Q0 b" uspouse or common-law partner in the year of acquisition
8 Q7 U4 E5 z4 P+ S8 xor in any of the four preceding years (first-time, R% ?2 J# M5 w9 l. t( c2 u
home buyer).
. u; {! w- T: r. ^$ s0 Q1 }Note. t( S# Z! f9 E8 F. L
You do not have to be a first-time home buyer if you are
0 u. ~7 D" `5 k5 B+ R) Oeligible for the disability amount or if you acquired the+ ^3 V9 _, R ]
home for the benefit of a related person who is eligible8 o+ B5 m( K7 z, m( a
for the disability amount. However, the purchase must
* J- U% f. { { I+ P& Z0 ibe made to allow the person eligible for the disability
+ ^! v/ q. {5 m6 l/ O1 oamount to live in a home that is more accessible or better& r2 B6 B/ j& V. e7 u+ c
suited to the needs of that person. For the purposes of
& ^% h5 ?! A: p; M- S2 uthe home buyers’ amount, a person with a disability is: s) f. l0 Z+ Y' w& N/ q$ t
an individual who is eligible to claim a disability amount
# s. P2 a! `# q& z( ^for the year in which the home is acquired, or would be
$ k6 y- [# s( c1 v; religible to claim a disability amount, if we do not take
/ D3 _) U& T$ e) m% ~6 n5 j6 I! minto account that costs for attendant care or care in a9 [3 r: X; a) w4 X; e
nursing home were claimed as medical expenses on lines, ]6 X- n. q8 m0 ]8 c u
330 or 331.& ]3 t: D0 s3 U5 L
A qualifying home must be registered in your and/or your
/ Q& m' J/ U5 W% D0 ispouse’s or common-law partner’s name in accordance
" d8 v! d, V7 ]2 U1 wwith the applicable land registration system, and must be& u) y* I8 K! j/ y! k$ C( V
located in Canada. It includes existing homes and homes$ d1 i3 y8 T) X$ P4 o# ^; i
under construction. The following are considered
* | b! I# e E _' Vqualifying homes:
3 T `, @! T$ J. b f% m■ single-family houses;
- X8 u# H; o$ E4 k■ semi-detached houses;" ]' |" T- _# o. x9 @) T" T
■ townhouses;' n0 `& z. f3 X$ s+ n9 ~! j: ~. e7 _
■ mobile homes;( M* V# w# W9 A; Q* U- W
■ condominium units; and' I0 s: O/ a: [
■ apartments in duplexes, triplexes, fourplexes, or
& z0 {: @) ], n# _9 j; u% w) p( fapartment buildings.( [. Z, Y& L( J; e3 K
Note" _. h% \* o2 x8 `) w
A share in a co-operative housing corporation that- K6 k& z7 @" M3 ^6 f0 L
entitles you to own and gives you an equity interest in a
1 r/ f3 K% \) o' c Ihousing unit located in Canada also qualifies. However,. P; K1 \1 Q- ?9 h3 \
a share that only gives you the right to tenancy in the$ {9 ~- K* T1 J* l* Q4 B# N8 k
housing unit does not qualify.
3 j3 V: t) F$ B0 J% p" oYou must intend to occupy the home or you must intend# M4 n- C, P7 z9 x5 \9 ]$ G$ f4 N; {6 g
that the related person with a disability occupy the home as ]& k4 ~7 t" ~/ M! k( n1 w/ x
a principal place of residence no later than one year after it E1 p& ~0 c6 t( U7 I& ~: N' s: x( C
is acquired.2 S, Z, ]4 P) R
The claim can be split between you and your spouse or
. r) G/ s4 \' }- v( L1 Lcommon-law partner, but the combined total cannot exceed( P" r% z- @4 j) \; D% a
$5,000.# }, \ J2 G6 _6 ?5 _
When more than one individual is entitled to the amount0 T+ D6 ~8 I- A; Y" k$ n1 Y
(for example, when two people jointly buy a home), the/ X: V2 e& n2 T a
total of all amounts claimed cannot exceed $5,000.
& v4 Q6 _/ [( F3 aSupporting documents – If you are filing electronically, or) F5 a* Z0 S8 `$ e/ s; r% n; B! v
filing a paper return, do not send any documents. Keep all! c- h; X# U. F- y6 M; O& Q% V
your documents in case we ask to see them at a later date. |
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