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Please see the below detail:
% I, I/ `3 k2 l9 v; _/ ^Line 369 – Home buyers’ amount
1 O$ ]5 E- z4 T: ^% e0 Z' Y, _3 |You can claim an amount of $5,000 for the purchase of a% I3 d6 Q. Q$ R1 [+ r0 F# X$ Y
qualifying home made in 2010, if both of the following
1 d" W) Q( U( M' m# c" `' q+ n5 h5 t bapply:1 x4 W/ N' v" e8 Q) n8 W3 H
■ you or your spouse or common-law partner acquired a
) }- F- i+ U8 Y% U6 o3 z$ iqualifying home; and2 ?- y8 Q+ d0 z- [! [2 r. j2 G$ T4 q
■ you did not live in another home owned by you or your
8 `! s5 O9 L- X( X* Yspouse or common-law partner in the year of acquisition
$ P: Y9 y1 O* k8 ?9 @3 Oor in any of the four preceding years (first-time
( J- l. O% @& G& h0 \8 Uhome buyer).* k* V5 u$ v) B) z% W3 L
Note
. F. s, h6 U$ e, }You do not have to be a first-time home buyer if you are+ f9 E- A9 y- r2 q. M
eligible for the disability amount or if you acquired the
2 a3 ^" v6 `5 ]home for the benefit of a related person who is eligible9 C* m: l# f5 G+ [# g# ^7 E
for the disability amount. However, the purchase must3 R$ |* b& U: ^( z
be made to allow the person eligible for the disability* B7 }3 H" D# X
amount to live in a home that is more accessible or better
& D: V6 p+ T ?suited to the needs of that person. For the purposes of
+ y1 w4 }6 ]9 N' E* ]/ W `the home buyers’ amount, a person with a disability is. |- I* h3 I8 M4 j6 ~) n4 X9 I
an individual who is eligible to claim a disability amount
1 Q4 I$ y. w8 |4 ? A$ ?for the year in which the home is acquired, or would be
7 {, J# i& _/ v- Beligible to claim a disability amount, if we do not take: p" c( b0 A& F+ r, |0 \ @
into account that costs for attendant care or care in a
. {! g8 d p0 j5 a9 [* U5 d$ znursing home were claimed as medical expenses on lines
4 y/ z( }" W. n5 r- A! _# n z330 or 331.
7 n% |+ k6 p8 O+ @. {) h& b/ _A qualifying home must be registered in your and/or your
/ B& d" Q! ^/ e0 Kspouse’s or common-law partner’s name in accordance
2 Y' ?7 b0 E5 h1 x4 W- q1 Xwith the applicable land registration system, and must be
- R: V5 a$ P: X+ {- o1 F( Ylocated in Canada. It includes existing homes and homes% h$ X b9 Y3 `/ t1 g. s' w
under construction. The following are considered# {) d9 w/ b0 f, o5 |
qualifying homes:
+ ~* ~9 Y: A2 i2 q. }■ single-family houses;
+ V! d" o( j7 s2 p& f■ semi-detached houses;1 V( n7 G8 f' B+ c, D& t3 O
■ townhouses;; S P9 o% g( Z- Q
■ mobile homes;) ]6 ?. ^/ J5 F2 G3 {$ @7 r* w
■ condominium units; and& f& V+ v, h4 s7 Q6 C0 z3 U9 z
■ apartments in duplexes, triplexes, fourplexes, or
' |5 b4 @- S/ Eapartment buildings.
# \8 ]+ j) X! Q7 L6 M+ J. D% ~# _Note: b1 f* v$ X# _/ q& p1 }, ]' ]% x
A share in a co-operative housing corporation that
" w: }0 q& J9 v1 c8 N5 M% Aentitles you to own and gives you an equity interest in a$ o5 O1 W- i r9 c+ V8 l& H. T6 j
housing unit located in Canada also qualifies. However,
5 m6 g. }( H& ^* Pa share that only gives you the right to tenancy in the. r9 p$ r& j$ t" n+ L+ ~
housing unit does not qualify.
6 ^3 ~+ h( K% s6 ?7 t' s3 uYou must intend to occupy the home or you must intend% h6 @) I$ t" e7 D/ I( U
that the related person with a disability occupy the home as. ^6 {+ r( ]; e. u7 n
a principal place of residence no later than one year after it
/ S0 J9 S" A! H9 Y5 kis acquired.% d) f* C3 J2 Z" {( ?" w5 E% d
The claim can be split between you and your spouse or
# O: H, a7 }' P6 ~common-law partner, but the combined total cannot exceed
; I$ @8 I# y1 c- _$5,000.
/ m# e) x$ Y: N: h/ F. p9 ], DWhen more than one individual is entitled to the amount: ?1 F7 {/ z: |+ i4 U$ t
(for example, when two people jointly buy a home), the! ?! A, l3 n* _; @3 k* a/ ]
total of all amounts claimed cannot exceed $5,000.
) a% `3 A5 a" I6 N) t7 OSupporting documents – If you are filing electronically, or
0 e) Z: x: m& B: b) k8 i. c# Yfiling a paper return, do not send any documents. Keep all. s) W+ q* L- e: ~" b
your documents in case we ask to see them at a later date. |
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