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Please see the below detail:2 }2 T/ V ~+ [0 N6 M
Line 369 – Home buyers’ amount
4 w$ c( F' H/ B1 `' t: tYou can claim an amount of $5,000 for the purchase of a
; l3 K0 C- X1 g8 l8 Z1 s: ]' t& Qqualifying home made in 2010, if both of the following
6 X6 F3 j ~ B+ d0 ?6 [apply:
' f6 B4 }, [" S! B- ~) d/ a' b" n■ you or your spouse or common-law partner acquired a5 z* M. D* K5 u E5 V
qualifying home; and
0 h, f5 d s* k* S■ you did not live in another home owned by you or your
8 [9 @3 T% f6 J: m7 A7 _spouse or common-law partner in the year of acquisition
. }- z3 [* K: Mor in any of the four preceding years (first-time
8 l7 [" c# I3 t h, o9 J- ? shome buyer).- d& I; m2 Z& g: l, A, k* r& ?( @
Note
/ S' R2 o( Z/ x5 _5 g8 c* y" gYou do not have to be a first-time home buyer if you are
, ~/ k1 u# g2 u6 J# |( Q6 aeligible for the disability amount or if you acquired the/ ~5 O2 p0 F4 @! V
home for the benefit of a related person who is eligible" v5 X4 A: S# p9 B, r% j4 C
for the disability amount. However, the purchase must: V' n a2 U3 `) G! j2 b
be made to allow the person eligible for the disability' T. u' B" ~4 ^
amount to live in a home that is more accessible or better" F! Q) g N0 w$ J
suited to the needs of that person. For the purposes of& [" n5 q1 [0 o5 M* r% e
the home buyers’ amount, a person with a disability is" e8 H' ~- `. V. `3 B6 u7 p
an individual who is eligible to claim a disability amount! ?7 ]" B r/ a* T# }
for the year in which the home is acquired, or would be
4 Z% l# H, M: Q4 Weligible to claim a disability amount, if we do not take
0 l" {. ?- k) @0 |( S7 Tinto account that costs for attendant care or care in a% z+ r; G7 L# p+ P/ F3 Z
nursing home were claimed as medical expenses on lines
4 R [# L9 j) w& V, L' R330 or 331.
% J9 s6 r& ^6 d( O: g9 d4 VA qualifying home must be registered in your and/or your# f* I3 X2 ^5 Q9 j/ P
spouse’s or common-law partner’s name in accordance
1 e$ M j$ A) s% Z2 J3 P% \. [with the applicable land registration system, and must be* \. Y7 F, c, \: c
located in Canada. It includes existing homes and homes
& g0 Y9 w, H* @ N# Tunder construction. The following are considered
8 |# ^7 B3 r I: q3 W! K$ rqualifying homes:+ }* C/ I- Y1 y# P& G. T/ T
■ single-family houses;% l& Q5 u" k0 Z& K/ m
■ semi-detached houses;
) q( ^! O: j! _$ x- U% y+ h$ Q■ townhouses;+ T$ r& O8 ?5 n8 b
■ mobile homes;5 J: t* b5 R4 j9 J0 @0 h) M3 t
■ condominium units; and
: @, {. b! N, m* a( d0 f* v■ apartments in duplexes, triplexes, fourplexes, or
# p' N4 S0 K, y( W3 j- Dapartment buildings.
! G1 h( k5 u8 T3 JNote
$ r; ]6 L: t f/ lA share in a co-operative housing corporation that Z0 X* c& s( k/ p' y" \- P
entitles you to own and gives you an equity interest in a7 a$ z1 t/ C9 R$ Z; o/ U
housing unit located in Canada also qualifies. However,
3 D. l& o9 P: v5 `a share that only gives you the right to tenancy in the4 Z; c& W# B- h" b
housing unit does not qualify." V5 k$ ~8 v' L: k9 F# H
You must intend to occupy the home or you must intend
0 I9 s% }: z+ z5 z) P3 [that the related person with a disability occupy the home as
- F) Z/ \4 p. ?) D. e, [a principal place of residence no later than one year after it2 L( ~6 s( a7 j+ P& X1 U
is acquired." X" i e8 b- B2 L% F
The claim can be split between you and your spouse or3 y6 A) p# |1 ~( t' S
common-law partner, but the combined total cannot exceed
( Y+ I$ S% D9 x9 Q$5,000.
: u' Z" M' W% d" f% w' lWhen more than one individual is entitled to the amount0 D! J$ t4 \* d/ I
(for example, when two people jointly buy a home), the2 Z6 H; l8 B9 I* ^' t" \/ P
total of all amounts claimed cannot exceed $5,000.: L1 D" X8 P2 ]$ j; ]+ S( x
Supporting documents – If you are filing electronically, or; Y6 o* h! g% X" k& B4 g1 z% v% f
filing a paper return, do not send any documents. Keep all
: I9 w- u& R. [4 s ?/ U: ]your documents in case we ask to see them at a later date. |
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