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Please see the below detail:
8 M, S; p( `) o6 w- YLine 369 – Home buyers’ amount
: i% x5 S/ [ pYou can claim an amount of $5,000 for the purchase of a
! {/ ?9 m% X/ @2 Z* Z0 Iqualifying home made in 2010, if both of the following
% I8 \) t' t2 r' wapply:3 |7 l8 r# i( R& ~* ]
■ you or your spouse or common-law partner acquired a
3 I# x( ~5 i8 r% V: f0 Jqualifying home; and H* f' X2 `' l+ \. z0 ?
■ you did not live in another home owned by you or your
8 m0 e$ ?7 ^! u2 } D2 X7 j& gspouse or common-law partner in the year of acquisition
0 S/ \. J& H. X9 h( Mor in any of the four preceding years (first-time
! ~, O7 j( }$ j% |& xhome buyer).
" B* T$ v# T$ y+ t9 U1 N* GNote% i5 A* A( b4 m0 a4 \) {9 h2 H
You do not have to be a first-time home buyer if you are, [( V1 _& |) w" \* T5 A
eligible for the disability amount or if you acquired the; ]3 ?3 Z0 A; k; \5 z
home for the benefit of a related person who is eligible
; V( u5 L$ ]0 afor the disability amount. However, the purchase must" `# m4 M: j# N
be made to allow the person eligible for the disability! j1 E% f# a% d1 R: \3 E3 d
amount to live in a home that is more accessible or better# y, h9 | G l1 l5 v. W8 }
suited to the needs of that person. For the purposes of7 e$ l' z* t4 D7 Y6 e3 o8 a
the home buyers’ amount, a person with a disability is
2 n* f) t2 E! t% M2 U, ^an individual who is eligible to claim a disability amount
. o: p+ k3 B# t) efor the year in which the home is acquired, or would be+ g6 o) v& N3 N8 r4 N
eligible to claim a disability amount, if we do not take
8 d3 j8 y1 W( p4 N! i, R+ Zinto account that costs for attendant care or care in a
/ b$ E, m: q( U7 B% I4 Fnursing home were claimed as medical expenses on lines
% i$ B4 @. f1 t! d330 or 331.* p! I' I$ f _5 r6 F! Y$ g$ U& L9 a3 N
A qualifying home must be registered in your and/or your4 w, H2 v2 s! U" L
spouse’s or common-law partner’s name in accordance
* @7 t5 L# Q2 p* f' w2 Lwith the applicable land registration system, and must be
" G6 W% c$ n/ zlocated in Canada. It includes existing homes and homes! ]9 _1 {( \5 X! p8 B9 Z t ]
under construction. The following are considered
N: P0 ]0 B, `2 wqualifying homes:
( F3 E4 v5 h) S■ single-family houses;
9 F5 Q. Y% b8 q6 X■ semi-detached houses;3 J6 l% V% B" k( m9 i
■ townhouses;7 ~0 G7 D. B+ B! F. B! _- e x
■ mobile homes;
- {3 J! r8 [7 m! a, B% J$ J5 B■ condominium units; and
G% \3 k% M7 s8 p; {' x" V■ apartments in duplexes, triplexes, fourplexes, or
( `" k" U# [2 n; Qapartment buildings.
8 ^+ K- t3 O: g% o& J, }Note
. u+ A& O0 ]/ y% @' H, ?' vA share in a co-operative housing corporation that
1 H1 p7 t# ~8 @8 H1 Nentitles you to own and gives you an equity interest in a5 u7 q/ F% i0 y+ d) Q; o" J
housing unit located in Canada also qualifies. However,6 Y3 t! j8 Z8 W" |6 ~8 R
a share that only gives you the right to tenancy in the1 N6 F. s' y9 N3 [" Q1 H6 i" B# i, K
housing unit does not qualify.1 B; i9 f! Z5 T# u% j
You must intend to occupy the home or you must intend) p/ D* x) S* d# p$ H( y% a, U3 @
that the related person with a disability occupy the home as, C* d n" P, N% ~' r8 }
a principal place of residence no later than one year after it t C$ y9 g( y
is acquired.& n% {6 f3 I# W& f
The claim can be split between you and your spouse or
+ ?, u$ @6 a3 J( {6 {# ncommon-law partner, but the combined total cannot exceed
3 I3 d m2 O. n1 v- B& B$ r$5,000.7 Z; W- j9 X6 u0 c% e/ U4 t
When more than one individual is entitled to the amount
" s% W. ^, X+ L( ?(for example, when two people jointly buy a home), the3 ]$ \6 e. l. J5 t
total of all amounts claimed cannot exceed $5,000.
0 I9 b- }0 |: S7 h1 WSupporting documents – If you are filing electronically, or
* y; K z. }" V0 r8 P& [filing a paper return, do not send any documents. Keep all; l$ U W- R2 K' z8 d; z
your documents in case we ask to see them at a later date. |
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