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Please see the below detail:
9 n9 v% A4 f9 _0 w8 ~" V' A/ L. iLine 369 – Home buyers’ amount- D) Q* a& f& p3 P! h
You can claim an amount of $5,000 for the purchase of a! n/ F+ y& Y; u* V0 E
qualifying home made in 2010, if both of the following
6 [' R. Q f9 y5 C# Japply:
: q* {4 g' p+ h* k$ w, b■ you or your spouse or common-law partner acquired a# d* h; i, D2 q p0 Z! m
qualifying home; and
& P; V4 Y/ D( s- k) S7 {+ ]" K■ you did not live in another home owned by you or your
R1 T' V$ v& N5 D" m2 C! Espouse or common-law partner in the year of acquisition& p0 i9 C4 y6 r$ D0 W- ?
or in any of the four preceding years (first-time
) N* {% M7 K0 ?6 Phome buyer).
+ X0 v8 ?0 c2 _" g0 KNote
* i7 d, }* k6 g6 V2 AYou do not have to be a first-time home buyer if you are
: R: w! P2 J3 E2 T9 ~4 J4 s- D* veligible for the disability amount or if you acquired the; j4 g; r8 u5 |" E* L) v, c
home for the benefit of a related person who is eligible
+ J7 D. ~5 Y1 L p! ofor the disability amount. However, the purchase must2 S% {5 ?# f* K: N! W' k/ p& I
be made to allow the person eligible for the disability
2 b$ d6 A8 s- O: Q1 Camount to live in a home that is more accessible or better
5 c0 o' W% K) Y& f& U9 } lsuited to the needs of that person. For the purposes of
* b/ e6 B3 D3 Z" athe home buyers’ amount, a person with a disability is
( W3 q5 Z9 |' d6 @an individual who is eligible to claim a disability amount0 h F: G2 {2 g9 ~7 Z1 @
for the year in which the home is acquired, or would be ]6 G3 ?! ?: u- Q4 K. @& i8 K
eligible to claim a disability amount, if we do not take( L7 Z4 |8 d7 I3 M* u5 N
into account that costs for attendant care or care in a
: e+ Z) x; h d+ |; N) p( Inursing home were claimed as medical expenses on lines! J) A, h2 a' S! n2 a! l/ \9 s# T1 `
330 or 331.
# D* A- c7 p% T; K4 YA qualifying home must be registered in your and/or your
# Z M4 {! i+ U5 m1 b7 V% Dspouse’s or common-law partner’s name in accordance
/ q m, W; Q9 H* L6 u; |with the applicable land registration system, and must be
$ a7 D8 s% N7 E G5 alocated in Canada. It includes existing homes and homes
. \) t( `' b2 d3 c. z, d# D5 kunder construction. The following are considered' U k& Q& j4 k7 z5 D. C
qualifying homes:
* V% O6 H) ~! A8 c■ single-family houses;
4 _- j! [( d4 A0 Q■ semi-detached houses;7 t3 k& }6 ?7 e4 E- J1 y
■ townhouses;
$ X, s$ T, e1 p" U0 _■ mobile homes;
6 e! G! p& b8 K' W! J" b. u" C■ condominium units; and2 N7 }. m# m" h) G5 A
■ apartments in duplexes, triplexes, fourplexes, or% K+ q1 f8 s( w( E
apartment buildings.
0 v2 j6 s* l, Q; m3 g' w* }9 r" gNote
; D$ l `8 r e1 n7 M3 r; NA share in a co-operative housing corporation that
0 E8 R5 t; n7 c5 W! {% Zentitles you to own and gives you an equity interest in a
/ F1 w3 S, I3 R ^+ n7 u2 K8 nhousing unit located in Canada also qualifies. However,9 ?' A0 R8 R3 l+ U/ Q- s; I
a share that only gives you the right to tenancy in the3 U4 ^! u ~! n: x# U; _' ]
housing unit does not qualify.
! S6 y) ~" i, J2 C WYou must intend to occupy the home or you must intend2 l; t- b- L. N
that the related person with a disability occupy the home as
+ P. `- e3 w( h/ f5 fa principal place of residence no later than one year after it
# ^ e* y0 k3 y5 p$ u Sis acquired.7 ~7 R( @8 t1 W/ t, J/ w
The claim can be split between you and your spouse or
8 U3 Y' w7 x4 R3 g3 ]common-law partner, but the combined total cannot exceed3 s- Y' P7 h6 }7 ^( c, d
$5,000.
. y4 k* l# c" n% {8 {& a' bWhen more than one individual is entitled to the amount' R/ n" r/ V# j% C8 Q5 G* i+ v8 }
(for example, when two people jointly buy a home), the+ ]3 v/ c. ~/ T6 a. I: L5 I5 F7 F
total of all amounts claimed cannot exceed $5,000.
9 F- w- x$ C S$ s9 [Supporting documents – If you are filing electronically, or
- y' l% D: m) Lfiling a paper return, do not send any documents. Keep all
; k; Z# i) Q$ K5 Qyour documents in case we ask to see them at a later date. |
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