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Please see the below detail:
- y. r$ D8 n6 j. B2 P- N+ eLine 369 – Home buyers’ amount5 j' [$ ^5 K. a, f3 l/ `2 G
You can claim an amount of $5,000 for the purchase of a0 S: A( Y- P2 n
qualifying home made in 2010, if both of the following
, q3 |: E5 z2 _apply:5 Z( a! k- D+ J# ~5 q
■ you or your spouse or common-law partner acquired a4 {8 M' z! v' V# H% G! Z
qualifying home; and/ w. O) j' J5 v: U
■ you did not live in another home owned by you or your; t! d8 E+ z' z. z" d% j- n
spouse or common-law partner in the year of acquisition) a- W& d1 |! T1 H3 j1 |
or in any of the four preceding years (first-time
$ Q- U/ t1 N. F1 Ohome buyer).7 T6 ] L. X7 v$ q& V: ?% i8 q
Note
) b! F3 J5 v c7 j4 `You do not have to be a first-time home buyer if you are
) j, ~3 z, R' |4 |( Geligible for the disability amount or if you acquired the6 J- Y: N& q! I" L# k9 \
home for the benefit of a related person who is eligible4 }7 X! p4 N' E3 O- Q
for the disability amount. However, the purchase must
' U& A, u7 e: [: r5 `be made to allow the person eligible for the disability
4 {# x$ G( f8 Z0 p) Qamount to live in a home that is more accessible or better
6 |7 |# d0 M2 j" e7 L2 h1 K/ {suited to the needs of that person. For the purposes of8 L2 _# U' S2 v: ?# s: s/ W5 l
the home buyers’ amount, a person with a disability is
( P9 s, _% J" _, [2 _an individual who is eligible to claim a disability amount8 j' m T" J# X6 E* {/ t2 S1 {" B& a; X% {
for the year in which the home is acquired, or would be0 u/ l4 Q" F* [$ L, k2 `" G) W
eligible to claim a disability amount, if we do not take9 o, V; ^2 v! x1 G
into account that costs for attendant care or care in a; |$ @4 }6 Z6 R9 W. }5 q" m0 i6 o5 j
nursing home were claimed as medical expenses on lines
Z% |' |8 a# v. b, o330 or 331.
+ i; i. i* c! d; WA qualifying home must be registered in your and/or your
8 I6 V) V7 d1 q, I* e: qspouse’s or common-law partner’s name in accordance. }, F- h# P, n4 H9 P$ E, M1 |
with the applicable land registration system, and must be
8 W- V6 C9 i1 hlocated in Canada. It includes existing homes and homes; ^# K6 b- u/ d: D2 D% A% F% |1 N5 L
under construction. The following are considered: _, J) ?6 x9 C" S- a% L/ ^! e
qualifying homes:' R7 n$ |* O% o! J% v
■ single-family houses;* s. v0 I0 I5 ~7 l# i4 {
■ semi-detached houses;
- ]6 s+ Q7 M) n, @ |# L■ townhouses;1 v* S& C- c/ s0 N* H! ]( P
■ mobile homes;8 Q% Y- N4 F/ V& q* J: m: w
■ condominium units; and+ v# b- H+ m! R7 g: z. M# L
■ apartments in duplexes, triplexes, fourplexes, or a* V$ i, O3 e4 R$ }3 x X* _
apartment buildings." A1 c7 b6 u) D
Note; W. P' H, N" m% v' @( j0 I, h
A share in a co-operative housing corporation that
0 Q% d5 a/ I" s- nentitles you to own and gives you an equity interest in a
1 B2 Q9 I$ d! }" B- a& thousing unit located in Canada also qualifies. However,
3 g& W. t/ a$ D! U0 _2 _8 ?2 c8 ^a share that only gives you the right to tenancy in the
+ M8 n. L& C5 H# @) y6 Y8 {; [housing unit does not qualify.
: Z& B; m% I8 D4 ?* L- e3 {) }You must intend to occupy the home or you must intend
. L& x! w+ g0 K. C- G# s/ lthat the related person with a disability occupy the home as' T; E* ~5 T5 d; B% Y G
a principal place of residence no later than one year after it- [ A1 v# `/ G
is acquired.: j* O; N& d% ~1 l1 W# e# h8 ?* ^0 Y
The claim can be split between you and your spouse or5 |9 ]1 ^% ?5 {- k7 q: w
common-law partner, but the combined total cannot exceed
9 ?( T2 a6 N- s& v! ^$5,000.
! }( z* x: D8 N4 b$ YWhen more than one individual is entitled to the amount
) z2 W9 F0 A6 L2 t4 _/ [* D(for example, when two people jointly buy a home), the% V9 }' t+ [/ u0 _: ?% s
total of all amounts claimed cannot exceed $5,000.
% Z! ~* D+ H( tSupporting documents – If you are filing electronically, or
" e! X( ~: L$ K, J8 Z7 c% H, Jfiling a paper return, do not send any documents. Keep all1 V/ q/ ?1 S( Y
your documents in case we ask to see them at a later date. |
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