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Please see the below detail:
, o6 E, R; ?7 v8 |! q% \- z! Q; z) HLine 369 – Home buyers’ amount+ k, J: Q+ `6 P. h% Z @: c, l
You can claim an amount of $5,000 for the purchase of a* ^. |5 U g0 \: o( h7 \
qualifying home made in 2010, if both of the following
6 E4 J6 I' b. J. E( E: F, f/ _apply:) I/ X" y {. j, u' b- Y+ P
■ you or your spouse or common-law partner acquired a, E5 f& P( |! u( i- |0 k7 s
qualifying home; and
8 R) N% {, v1 \■ you did not live in another home owned by you or your
& D# w" }4 `! }1 }" v6 B! Q* t8 S9 e) ispouse or common-law partner in the year of acquisition r( i2 u9 N5 S
or in any of the four preceding years (first-time
' M* j: k2 H, Fhome buyer).
+ U/ T+ U! P: P: J- a- D% {. m/ a5 uNote; ~# q: W2 e, S: G$ W: u7 ~
You do not have to be a first-time home buyer if you are1 s4 _7 ~# {5 m6 a; g) I4 `' U
eligible for the disability amount or if you acquired the" S- O8 ]/ e; u9 I& R3 U* E. ]
home for the benefit of a related person who is eligible2 t u$ G5 l* P! y, S9 _7 w1 J# R/ z* d
for the disability amount. However, the purchase must
; g5 B) U$ e# W: a2 \0 ~be made to allow the person eligible for the disability$ t7 Z& @* c6 r
amount to live in a home that is more accessible or better
2 c0 B Q5 F( a; E" a0 m) I: Tsuited to the needs of that person. For the purposes of1 O* W0 m- R! y. u5 w, f
the home buyers’ amount, a person with a disability is$ c1 r& u* h1 c
an individual who is eligible to claim a disability amount t9 E# }/ i3 H; ~
for the year in which the home is acquired, or would be
1 n8 u% w# F9 O9 jeligible to claim a disability amount, if we do not take y/ |) T2 F5 b5 h. [- G9 B5 x
into account that costs for attendant care or care in a
/ k# | \/ W1 \4 f8 Znursing home were claimed as medical expenses on lines) u. C7 T4 i0 e' [4 B
330 or 331. K1 M1 X9 i6 q, A) [$ h' V k
A qualifying home must be registered in your and/or your
1 g5 A7 |" \# g7 f/ T* j9 ^spouse’s or common-law partner’s name in accordance
: ~( T" y. n6 y7 z$ Z9 |with the applicable land registration system, and must be
u) U( ?( ^9 t" C) Nlocated in Canada. It includes existing homes and homes
6 G; x) ?' D( b2 x' M/ N2 ~* u4 o( ounder construction. The following are considered
+ n2 n( N2 ^& h/ Iqualifying homes:
; N3 e5 m& _1 E0 b■ single-family houses;
5 D/ J" Q5 U( \8 H% E■ semi-detached houses;6 k6 P9 ? d# G- @/ {
■ townhouses;* Z) S# ~0 a0 r( Z3 B
■ mobile homes;, D8 B$ |- W* K. w k
■ condominium units; and
# l0 F7 t* u% t. V* ~5 c/ m! ^ J: g/ L■ apartments in duplexes, triplexes, fourplexes, or8 z# O3 G( m; ?; G( J
apartment buildings.
/ Q& z J, N0 d6 S" _5 jNote
7 W7 m0 L8 K& Y4 nA share in a co-operative housing corporation that/ O; j, D7 x3 T3 Y
entitles you to own and gives you an equity interest in a2 T& o4 P0 K& ]5 C% [
housing unit located in Canada also qualifies. However,3 R5 F6 b& F! w. C$ \3 ]
a share that only gives you the right to tenancy in the* m' g E- ^6 j3 ~
housing unit does not qualify.. h5 n: ^" B% K+ M& l
You must intend to occupy the home or you must intend3 |8 b; U& j7 y7 B9 {
that the related person with a disability occupy the home as
0 x) R4 a9 D3 G& K ]! b1 Na principal place of residence no later than one year after it/ H+ m% h; e; |/ e
is acquired.
* z, `. [" H' p, w, \6 y. Z" }The claim can be split between you and your spouse or
. N9 k3 d* }+ Zcommon-law partner, but the combined total cannot exceed
7 L$ A, T/ B0 A$5,000.0 ^9 j4 z: `- q- z& N$ K* a
When more than one individual is entitled to the amount
: s) l/ |$ z+ {(for example, when two people jointly buy a home), the# w8 ]/ l2 D6 v/ ~: v" {/ {
total of all amounts claimed cannot exceed $5,000.
7 w! g+ E/ N9 a& E. DSupporting documents – If you are filing electronically, or
& y4 m* W8 \3 j4 d# I( }" Jfiling a paper return, do not send any documents. Keep all8 T2 N0 J! `5 V; Z+ M/ G/ ~( _
your documents in case we ask to see them at a later date. |
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