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Please see the below detail:$ A1 z" L* H- |: Y* W5 F: A
Line 369 – Home buyers’ amount4 O& i+ X6 d" P: k
You can claim an amount of $5,000 for the purchase of a8 r0 J& ~4 o3 J4 L; F
qualifying home made in 2010, if both of the following
' ?. F- |2 ]) _1 p; `% Wapply:7 j& \9 o: d1 I
■ you or your spouse or common-law partner acquired a, V- Y0 R( O& a
qualifying home; and
) ~) g9 ]+ z: ?$ a5 n( D■ you did not live in another home owned by you or your
9 v, u$ r8 Y' Rspouse or common-law partner in the year of acquisition
, e) u. V# F, por in any of the four preceding years (first-time
9 ?7 l$ Q/ Q! H+ y3 rhome buyer).
- U. s: Y: b: tNote
; I+ F' R) g) x$ m- C+ UYou do not have to be a first-time home buyer if you are
+ @/ a" k+ Z$ W8 J- {- l" Ueligible for the disability amount or if you acquired the
& j% ]* ?$ B% P1 X, O8 rhome for the benefit of a related person who is eligible
) [4 I$ ]; U3 I: U0 ufor the disability amount. However, the purchase must
o* Q! [2 f& `; W6 ]" Wbe made to allow the person eligible for the disability* B8 K1 A' s! G, F
amount to live in a home that is more accessible or better1 R0 {+ ~. i" c( G, I) v
suited to the needs of that person. For the purposes of9 E3 i; q6 _/ i5 O P0 `) {
the home buyers’ amount, a person with a disability is
3 I2 X2 _3 f" j6 ^! F; Han individual who is eligible to claim a disability amount
: ?2 y5 V" P( U0 mfor the year in which the home is acquired, or would be
& n. q! I& H1 _- J* O4 peligible to claim a disability amount, if we do not take8 S1 d& {: k$ q# J7 o Z: c; K
into account that costs for attendant care or care in a
/ ^$ X) W" u3 _nursing home were claimed as medical expenses on lines
4 K- L+ \& P/ ]& M1 p( K330 or 331.
4 J( g6 r1 m: D! ~A qualifying home must be registered in your and/or your
/ [& S% M {8 R5 s# @& T/ V5 \+ Dspouse’s or common-law partner’s name in accordance% F, J- E' ]& O( f% n1 E
with the applicable land registration system, and must be
% ?5 I, l& O% X# u! j! rlocated in Canada. It includes existing homes and homes
) r8 }+ k4 g9 iunder construction. The following are considered
x% G9 L0 E+ `qualifying homes:
, G9 G& Y8 ]5 O. o* q■ single-family houses; m& Q) ?, b, P/ B
■ semi-detached houses;$ K$ J# [) q0 ?2 i0 z. ]
■ townhouses;
5 n# O) ~# n" y4 f' H3 _' U■ mobile homes;0 p$ [" _0 ]" P% `
■ condominium units; and
8 W: v7 x3 T. ]" k' V i0 k7 y& c1 M■ apartments in duplexes, triplexes, fourplexes, or
, o: A3 b* W+ O9 P S' bapartment buildings.
4 S+ M* L( m5 F. z' L X* a9 H2 iNote
. I& y* r' z( S* XA share in a co-operative housing corporation that
9 b1 s+ \+ `8 P) Hentitles you to own and gives you an equity interest in a/ ~3 _. Q9 W* q* I# e5 h
housing unit located in Canada also qualifies. However,
n4 P& K% D8 X" C. Ta share that only gives you the right to tenancy in the
' e. T, j1 C. |1 J: | f4 Whousing unit does not qualify./ Z9 l% U9 x L3 ]
You must intend to occupy the home or you must intend
5 U N% v l* Jthat the related person with a disability occupy the home as7 O- _7 @8 Z) o/ ?# S
a principal place of residence no later than one year after it
& J# G# C9 K7 h# P. cis acquired.6 B) h! F9 D. d1 S: D1 M% b. z$ T
The claim can be split between you and your spouse or
% V# t, K4 g3 {3 Acommon-law partner, but the combined total cannot exceed
8 b9 z, ]& v+ N! ~$5,000.
0 ?, h' d3 F/ N4 Q5 v5 _When more than one individual is entitled to the amount* e9 |1 t% P9 j; G1 ~
(for example, when two people jointly buy a home), the; w* h- r+ }5 ^/ x, }3 U: n
total of all amounts claimed cannot exceed $5,000.
" ]( N/ s* J+ D3 XSupporting documents – If you are filing electronically, or
0 Z* p1 M/ ^# z6 u1 o# N4 ffiling a paper return, do not send any documents. Keep all
1 w1 T* p3 {" M9 T* ?your documents in case we ask to see them at a later date. |
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