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Please see the below detail:* }4 U$ y( o6 T, v( M+ X8 y
Line 369 – Home buyers’ amount
, `/ y( ~1 ?5 uYou can claim an amount of $5,000 for the purchase of a2 O3 t( g% p; M( k* l' p
qualifying home made in 2010, if both of the following ?2 F* Y( @; r& m2 |
apply:- Q" O# u7 P$ g0 S* ?; n
■ you or your spouse or common-law partner acquired a
& g! o% ~+ z4 Y2 {- Y! u) R* ?qualifying home; and
% L+ |/ w6 C* t7 w4 y■ you did not live in another home owned by you or your
% ^: r) X7 @# L4 T8 w# hspouse or common-law partner in the year of acquisition: r2 G; }" X( M6 [4 W1 Q7 @
or in any of the four preceding years (first-time- n* B+ u8 R: O1 Q# [
home buyer).
! e7 k* Y+ t3 [- ~8 jNote
3 ?1 Y7 f' x) l P; Y. rYou do not have to be a first-time home buyer if you are+ p; G% q/ \, x' T
eligible for the disability amount or if you acquired the% s$ _/ l# F% l. d
home for the benefit of a related person who is eligible# A! `) K$ z" X( D' w! h. R
for the disability amount. However, the purchase must
/ M; ?4 U5 E: tbe made to allow the person eligible for the disability
& b# T+ `' E4 R) g+ gamount to live in a home that is more accessible or better
: H: j O1 j5 L( A2 `2 \suited to the needs of that person. For the purposes of
: E1 ]+ x4 }9 vthe home buyers’ amount, a person with a disability is
! }7 a- _% q5 c1 O. ~6 W/ ~an individual who is eligible to claim a disability amount& z5 F* T- @6 e" ]: h/ h2 h$ u
for the year in which the home is acquired, or would be
. J* U) T! d& ?4 l N4 x6 T; geligible to claim a disability amount, if we do not take
2 Z. O6 ?/ k3 v& u; ^into account that costs for attendant care or care in a: p7 k$ S( L% X6 Y( J
nursing home were claimed as medical expenses on lines
! G7 r& r8 X% e( ?& W330 or 331.* u/ t. R0 `) O# Y8 [
A qualifying home must be registered in your and/or your! c$ i0 {8 H! V- j4 U- i* g3 s
spouse’s or common-law partner’s name in accordance
+ ?- B* m* J9 U: o- n' w8 J4 pwith the applicable land registration system, and must be
2 v$ K7 v5 M5 i N/ L$ {7 d0 Olocated in Canada. It includes existing homes and homes
- d+ @& ?! x) `4 P# z# Gunder construction. The following are considered) H' ^9 v1 @ Y& K3 K
qualifying homes:
; `) D4 H3 m9 P' p6 B■ single-family houses;' _( G; O& Z: h- i. |/ Y
■ semi-detached houses;4 u2 e! X6 t [3 B8 b* _3 O. r
■ townhouses;0 S' c8 {/ v1 C: a, f1 v8 I
■ mobile homes;
/ O: h# A: |) x( Q1 j4 Y6 R& {■ condominium units; and3 V% B5 J! ]2 G: \6 ]" R
■ apartments in duplexes, triplexes, fourplexes, or, C8 c! d2 A2 w$ D, o
apartment buildings.
: y# g% l# U, y% X0 }Note" W; @2 I! H) G% J* q
A share in a co-operative housing corporation that$ q4 C( @* ?% {" y
entitles you to own and gives you an equity interest in a$ }1 f. d. v! ?6 ~1 x
housing unit located in Canada also qualifies. However,
6 r6 C3 ?) ^6 K1 ka share that only gives you the right to tenancy in the
; q- X; T, X3 e1 `. c* y# }& k& Y% N* `housing unit does not qualify.0 t8 b; U; A( K9 S5 [
You must intend to occupy the home or you must intend% B7 f2 R2 Y, Z) N
that the related person with a disability occupy the home as
7 `2 D, P4 S" Wa principal place of residence no later than one year after it* U% }. _. \) @
is acquired.' Y- a* U: a' {: W/ P5 W
The claim can be split between you and your spouse or
, d2 M" E5 F' ~# x/ b- ~5 d0 fcommon-law partner, but the combined total cannot exceed
7 A% a: R# e, z. g( I$5,000.
) U$ Y9 J4 F9 y4 PWhen more than one individual is entitled to the amount
1 x# q1 M. T7 ?6 q# l6 W o(for example, when two people jointly buy a home), the4 M5 H3 Q# z: I# q2 Y
total of all amounts claimed cannot exceed $5,000., c: n) g( [8 T% r8 t8 @$ g, U0 X
Supporting documents – If you are filing electronically, or
! S# f# ], c% ~filing a paper return, do not send any documents. Keep all0 e5 Q, m7 i/ ^! W m
your documents in case we ask to see them at a later date. |
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