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Please see the below detail:
' L! c' g' H0 f+ ^/ ULine 369 – Home buyers’ amount
% e6 S$ F1 i* UYou can claim an amount of $5,000 for the purchase of a
; U2 G* D2 u9 i1 v9 W1 X" w; w) q' Kqualifying home made in 2010, if both of the following; e& a$ S P% Y* e: ?, @* e4 @
apply:
! b% ]9 q% a% b* K4 a( R- k- ~■ you or your spouse or common-law partner acquired a c; `8 ~! O* Y1 k
qualifying home; and
* J1 _4 L O6 w- d3 _2 W' G■ you did not live in another home owned by you or your. S2 ]! p2 ?0 _ F2 |
spouse or common-law partner in the year of acquisition- {# l# A: `. r- K9 j
or in any of the four preceding years (first-time
. e3 T% _% P/ v! j, ?2 E7 Dhome buyer).7 b* u5 v G4 l
Note. V# Q6 A" V$ k1 }
You do not have to be a first-time home buyer if you are
. ]3 Q, m% q k+ S9 Deligible for the disability amount or if you acquired the: i: j, I. Y& N7 o
home for the benefit of a related person who is eligible
+ b6 |/ }* E2 h/ K0 Kfor the disability amount. However, the purchase must
$ g5 T0 p' t0 }& i/ i& r1 c5 pbe made to allow the person eligible for the disability
2 W8 J v1 y5 camount to live in a home that is more accessible or better0 R. r8 y9 C! Z
suited to the needs of that person. For the purposes of
; [; B- W, O9 \1 _the home buyers’ amount, a person with a disability is
8 G, Y. I! M* s! q, van individual who is eligible to claim a disability amount8 c- \( J& o1 B3 f1 \, t
for the year in which the home is acquired, or would be Q" }- I! `1 _1 S0 T' B! O8 {
eligible to claim a disability amount, if we do not take
9 M9 [" K8 I0 ainto account that costs for attendant care or care in a+ L5 X0 l7 Z) ]$ x$ h. t, @$ t R
nursing home were claimed as medical expenses on lines
5 `) {4 h! g6 W2 x: |/ w' Q& b+ A# R330 or 331.; p# C3 r, [1 t' ?* Q( Y- R
A qualifying home must be registered in your and/or your( D2 m8 A. }% k3 d/ K' x! W; p
spouse’s or common-law partner’s name in accordance
9 I7 i- a# e1 i g" Xwith the applicable land registration system, and must be
; i3 L( W( M7 W e& Rlocated in Canada. It includes existing homes and homes+ u0 W" S' M' Z7 ]9 H: W3 I
under construction. The following are considered1 x2 S! F# y6 p7 B& c
qualifying homes:
: A% l/ }2 s/ B' _■ single-family houses;/ N) U, w2 @- f9 ?6 |! T3 s6 H
■ semi-detached houses;
: i" P( y0 G! A) A# [- l■ townhouses;
/ v6 g4 M6 b% H2 u- P9 l! f" M$ h■ mobile homes;
9 |) S+ L# U0 `; ^& t■ condominium units; and. Y9 J0 p- ?1 q8 m: E3 S
■ apartments in duplexes, triplexes, fourplexes, or6 ^. D- E- E! |- Z7 [0 A. o5 ~
apartment buildings.
4 L8 o. k# v7 R$ x0 MNote
! N% J/ E, f' d) n) R7 eA share in a co-operative housing corporation that" n/ D7 O5 ~5 ^4 t4 j
entitles you to own and gives you an equity interest in a k; d$ B% P) w
housing unit located in Canada also qualifies. However,
8 T7 ]% a$ v6 _" {- q Za share that only gives you the right to tenancy in the, b3 N: D. [6 J+ c9 p$ O
housing unit does not qualify.
$ h2 E: n5 d$ D3 m$ Z" OYou must intend to occupy the home or you must intend
- X; V! W! {3 }" c) wthat the related person with a disability occupy the home as
\+ Q i' ?' a0 oa principal place of residence no later than one year after it
A& s, o* w. c- L* jis acquired.
6 R/ u7 e1 u( o& G6 D4 f0 YThe claim can be split between you and your spouse or
. P' s* c( w$ [common-law partner, but the combined total cannot exceed# ^* y; Z8 D6 n
$5,000.
. d4 @& l. y3 m) qWhen more than one individual is entitled to the amount
/ ?3 ]% q( |7 L* d \' i6 M(for example, when two people jointly buy a home), the& m5 F: a5 E( J$ K4 ~* f- `
total of all amounts claimed cannot exceed $5,000.
1 _. S: A, j! g8 v5 E1 @& D4 I3 V$ R" {% E' ESupporting documents – If you are filing electronically, or' {9 y9 h& J5 A0 h" F5 _ ~
filing a paper return, do not send any documents. Keep all2 P0 L; a/ \1 h8 ? B
your documents in case we ask to see them at a later date. |
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