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Please see the below detail:' v5 _2 |) K4 F5 D* j- [
Line 369 – Home buyers’ amount
* p' m' G' ~; k4 x6 r/ A* PYou can claim an amount of $5,000 for the purchase of a0 a" L2 f4 z5 f. |) j$ ^+ R# A
qualifying home made in 2010, if both of the following) k; {5 d' ]- U1 h' c4 X- w; m
apply:
8 k; [0 M! r- u- J& s& G■ you or your spouse or common-law partner acquired a
2 m1 y% r1 \ Wqualifying home; and/ v7 A, T) j( I/ W+ |' H
■ you did not live in another home owned by you or your
% |* |) f4 v' C3 E3 S5 s, {; v+ zspouse or common-law partner in the year of acquisition# o h# c( O1 r: L% g c
or in any of the four preceding years (first-time
. m" [* _, W1 ~3 h- mhome buyer).: e, S- [' y! C0 A( {* x
Note" m( V4 z& q% O6 {# `- N3 @
You do not have to be a first-time home buyer if you are
! @& e+ t% }1 u( d+ X/ G1 jeligible for the disability amount or if you acquired the
" ?0 }1 |4 w6 _/ Yhome for the benefit of a related person who is eligible* k# l g; X Z. x# ^) ^5 u K: H$ Q! a
for the disability amount. However, the purchase must
. V$ }8 T- D2 M7 G1 I' rbe made to allow the person eligible for the disability
6 w( }9 x0 u% L8 R* h; E/ `2 C7 Z" Camount to live in a home that is more accessible or better4 l7 D+ I. n R; T0 H+ ~' h
suited to the needs of that person. For the purposes of* @ _- n0 i5 m. `3 l* {+ x( N1 T+ {
the home buyers’ amount, a person with a disability is
. v2 _, r! O5 ban individual who is eligible to claim a disability amount
) Q" ^" O) F( F# R' P0 [for the year in which the home is acquired, or would be4 o4 {: B; S3 [+ C* a* u8 {
eligible to claim a disability amount, if we do not take9 [* L3 J5 W8 c- A( t7 }
into account that costs for attendant care or care in a
, }, N9 \5 U; |; b! s4 E5 Knursing home were claimed as medical expenses on lines
1 ~( Q4 \: \4 k/ P N! }1 H330 or 331.0 |0 z- @7 a3 k [ z
A qualifying home must be registered in your and/or your
3 a5 q2 p3 F3 M- r# i$ Wspouse’s or common-law partner’s name in accordance+ U0 f) ^3 K. n' }9 o6 v
with the applicable land registration system, and must be
4 }2 [ M% L0 v; M+ V" c4 v$ Nlocated in Canada. It includes existing homes and homes. P0 {: y2 l' `3 B; w2 V! y
under construction. The following are considered
2 Q! t4 R! X c! H2 z1 [% fqualifying homes:2 ~+ W3 C( R& o- Y$ {7 d4 {- w0 Z6 g
■ single-family houses;: u% @ q8 |# x/ }" Q6 c2 N) ]
■ semi-detached houses;
. @/ [* k0 q% w; J■ townhouses;
7 l% Z% j8 G% u4 {" O( c9 k■ mobile homes;# l$ P2 b4 s" ^% N; H* r5 |
■ condominium units; and
" C* E, a( D2 t* M/ o■ apartments in duplexes, triplexes, fourplexes, or( k1 f w& k4 C* E% i& d
apartment buildings.2 g, l& Q) P6 d5 F1 q g6 o
Note+ H8 I6 I# J. x
A share in a co-operative housing corporation that. h3 G8 P* w6 a
entitles you to own and gives you an equity interest in a
/ \1 m3 T6 t7 lhousing unit located in Canada also qualifies. However,
, i# }0 r& E+ B+ m7 pa share that only gives you the right to tenancy in the
/ |. c x# w7 D$ c+ z) A1 Rhousing unit does not qualify.
8 Z- i- X- ^7 @You must intend to occupy the home or you must intend
: F: H" D1 P5 _) l0 }6 Q- `; fthat the related person with a disability occupy the home as
' i, U a* |. I. K3 S1 R5 a' I' Ha principal place of residence no later than one year after it4 k/ y8 A& s2 k
is acquired." u& \" A/ U i' n" ~
The claim can be split between you and your spouse or% n+ z3 s3 x% Y- m) [# U+ s
common-law partner, but the combined total cannot exceed
- u; X1 m" L X$5,000.
4 {6 Q0 g, o; f5 ~4 G+ oWhen more than one individual is entitled to the amount
7 _0 K4 Z) Z0 k7 Y& _* Z9 t7 H(for example, when two people jointly buy a home), the6 W/ h r8 M: f- Z' C! r3 j4 c8 s
total of all amounts claimed cannot exceed $5,000.3 p5 Z4 g; n3 Q- I5 \! p
Supporting documents – If you are filing electronically, or
5 \: O6 y. n+ ^filing a paper return, do not send any documents. Keep all0 q/ ~2 n9 U' f) t
your documents in case we ask to see them at a later date. |
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