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Please see the below detail:
9 E2 s J) n& B# pLine 369 – Home buyers’ amount
: P* \7 s/ p2 XYou can claim an amount of $5,000 for the purchase of a" j, _0 ]0 H& `6 h; q$ ]
qualifying home made in 2010, if both of the following
, b. a; z/ A/ k/ gapply:
# j: y" M. ], u: t■ you or your spouse or common-law partner acquired a
8 V' v' d: c2 l) G4 Q+ cqualifying home; and6 G) P0 P; W% J
■ you did not live in another home owned by you or your
! m/ X3 [4 \ q6 [/ w/ a2 q* J# nspouse or common-law partner in the year of acquisition
: P; w* _! t# E. n6 @2 P" N% xor in any of the four preceding years (first-time" K- m, O$ o9 x
home buyer).
2 Q7 H @. K% ^% D0 \Note; w6 }; c, {% }" o v6 v
You do not have to be a first-time home buyer if you are
5 r: F/ v" _# j; [4 M/ @eligible for the disability amount or if you acquired the
. s1 X1 i+ |% Q5 m# D! ~0 M. Ihome for the benefit of a related person who is eligible
5 O& c" k" h$ o* N) f4 [2 L) qfor the disability amount. However, the purchase must; U2 [7 i8 a9 k/ l( P9 Q& j' T) t
be made to allow the person eligible for the disability0 R! o9 A: |) t3 o
amount to live in a home that is more accessible or better1 K0 q: {1 p/ |& x! Z
suited to the needs of that person. For the purposes of. P% Y% C( l. r1 Y, f) `- ?
the home buyers’ amount, a person with a disability is
! a7 K9 ^! O( i' X l% Ran individual who is eligible to claim a disability amount( f& O: C# z) V+ d3 x# S" C
for the year in which the home is acquired, or would be
2 B N, i( I2 v6 g" G' k( xeligible to claim a disability amount, if we do not take; g! o: k0 h$ ]
into account that costs for attendant care or care in a
1 K3 `+ \, i, [# L; f5 q( rnursing home were claimed as medical expenses on lines8 q! x1 c, N. l0 }3 R4 Q/ v) G
330 or 331.2 w" H/ Y% S6 r8 M
A qualifying home must be registered in your and/or your
8 r7 a$ J5 L- w( g3 a, Y; t, ?2 [! T' Cspouse’s or common-law partner’s name in accordance
/ Y8 B0 E j& {7 bwith the applicable land registration system, and must be
9 C: Z% l ?- S+ @2 \2 alocated in Canada. It includes existing homes and homes. w4 M% c% D8 X' X! v/ [
under construction. The following are considered$ {5 F) F7 C* `- z& L# w, l
qualifying homes:. q8 L; ~0 A2 `4 _1 x6 ~! L
■ single-family houses;
# w5 K y. A5 G* p" @6 x! B■ semi-detached houses;
$ B8 C$ ?: B% `■ townhouses;
% E' S b. n, o9 M: M2 ?& c■ mobile homes;, D4 \: j1 r2 M# l1 m- v
■ condominium units; and
. ]; w3 R+ H( T$ z- |" q; s■ apartments in duplexes, triplexes, fourplexes, or% Q! C/ F! B0 Q/ r+ a! R, w
apartment buildings. |, a( u" U! v+ e
Note8 Q! g5 W( H) k5 K; o5 S e4 A0 S
A share in a co-operative housing corporation that
: ^7 H W/ M/ r* N( \0 p" L5 centitles you to own and gives you an equity interest in a
]( ]8 ]5 b: G2 ~6 }7 ]housing unit located in Canada also qualifies. However,8 V' w* k% p0 `* f7 L! l, Z, B
a share that only gives you the right to tenancy in the
+ F& k2 `+ a f# Rhousing unit does not qualify.
8 n1 `/ K" ]* r& n D2 x% LYou must intend to occupy the home or you must intend5 l$ C3 B, N6 Q s: g6 g& @/ Y
that the related person with a disability occupy the home as
7 p; W4 @' I& Y! ca principal place of residence no later than one year after it5 o/ |* w( @% J9 R+ h% p* j
is acquired.$ ]& N U( S: M7 ^$ Y
The claim can be split between you and your spouse or
$ Q/ u% L# u& j+ s$ J# @common-law partner, but the combined total cannot exceed
" ?5 z" ^4 o/ Z* j! l$5,000.
! i2 d# R" W ~9 q7 B$ |7 f4 O( Q% [When more than one individual is entitled to the amount
4 v# z) M, I, i% K. n5 A. d(for example, when two people jointly buy a home), the% |# m% v L# V/ h; B9 |
total of all amounts claimed cannot exceed $5,000.( I/ c' P3 k- T5 I" k
Supporting documents – If you are filing electronically, or
7 P3 U D- |! _3 P4 Y! Nfiling a paper return, do not send any documents. Keep all3 r8 Z- `* X1 D! n
your documents in case we ask to see them at a later date. |
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