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Please see the below detail:
8 Q1 t! D9 N$ r- M$ p. ILine 369 – Home buyers’ amount9 z8 [* q. h% V' C
You can claim an amount of $5,000 for the purchase of a d( A% X$ y2 e K; u" H$ e/ v4 A2 O
qualifying home made in 2010, if both of the following [, W8 E3 }1 z( {* }
apply:
s; v! G7 L% R5 i0 {1 O/ u E■ you or your spouse or common-law partner acquired a# A8 l3 _& ~. r" U* j9 m
qualifying home; and
# ?5 p8 \7 F3 |# V% t* q■ you did not live in another home owned by you or your4 I1 |# A5 N; K( S+ M9 M
spouse or common-law partner in the year of acquisition& c% l$ u5 s# _' t1 s3 N
or in any of the four preceding years (first-time
* i1 F) R# R' g+ ]5 z9 h' Ehome buyer).3 _: q! a5 s# t
Note3 i+ u$ T% F% h$ b, X
You do not have to be a first-time home buyer if you are
. }; ~+ N* [, L* H- J7 Z- w! _: ~" m3 ~eligible for the disability amount or if you acquired the2 g2 E3 J" y$ g, O
home for the benefit of a related person who is eligible( f7 t9 B' e! |/ M1 h
for the disability amount. However, the purchase must
@9 t7 @5 v# g+ ]# qbe made to allow the person eligible for the disability0 q7 k, j& @' w. U
amount to live in a home that is more accessible or better
3 X- L. ]7 d9 w8 I% ~suited to the needs of that person. For the purposes of1 d5 \8 Q7 i2 s
the home buyers’ amount, a person with a disability is" v) t! Y+ q9 c' s
an individual who is eligible to claim a disability amount
$ t* ~5 N9 |9 M6 ]( {& qfor the year in which the home is acquired, or would be
8 ]. g1 m) {, z. y7 @' t) Religible to claim a disability amount, if we do not take# f, r8 g* x6 L g$ Y( x
into account that costs for attendant care or care in a
3 Y7 Q: b- c% q# F9 V1 p9 T( \% R% x# Jnursing home were claimed as medical expenses on lines
m/ M% Z; D( v# x' s" N( [4 ^330 or 331.3 I& X4 o6 d# P
A qualifying home must be registered in your and/or your
& s, X3 h% K7 z% [5 Z, pspouse’s or common-law partner’s name in accordance6 R' ^& F* P& {, |& T7 |7 o
with the applicable land registration system, and must be) p3 e& V9 u4 i! A
located in Canada. It includes existing homes and homes
0 T3 a2 a& |. X% Q# Zunder construction. The following are considered
: \4 j- h4 [0 B" m" jqualifying homes:
2 f5 v$ [2 `7 i7 \3 r9 j, M■ single-family houses;1 {3 r* T/ N1 H& V6 C
■ semi-detached houses;* B$ |! n+ [1 _: R7 }
■ townhouses;
9 O. u0 R+ k1 \6 l3 \1 ]■ mobile homes;8 {$ V" v" R1 a" X
■ condominium units; and
2 d( p2 G, J6 h) m6 Q■ apartments in duplexes, triplexes, fourplexes, or
2 C% u8 E+ S9 xapartment buildings.7 T1 {" Z E# M8 T$ Z& ]8 o
Note
7 G, h* |# u3 G: \ [A share in a co-operative housing corporation that( c/ {5 t9 `) R
entitles you to own and gives you an equity interest in a
3 i' s( D- k& a5 G; ]3 `2 G/ `5 V" t: zhousing unit located in Canada also qualifies. However,& |% s3 l* V7 S
a share that only gives you the right to tenancy in the+ D }1 X4 L$ p1 ?
housing unit does not qualify.9 c% f+ j/ g; Z# y/ G/ w
You must intend to occupy the home or you must intend
7 o9 l+ ~2 O! A0 S8 fthat the related person with a disability occupy the home as. J( a1 ~+ ?0 `8 l
a principal place of residence no later than one year after it6 v, u a3 d- O* N. Q3 e
is acquired.
( }/ r3 x+ L9 O2 g+ T0 }The claim can be split between you and your spouse or
0 _1 x1 m+ ^, b& D, A$ Acommon-law partner, but the combined total cannot exceed
- y) ]$ k6 Z( a( ]) Z; m9 a! _$5,000.
$ d$ E% S/ j6 q/ a6 y) G6 S" D: [) OWhen more than one individual is entitled to the amount% u' Y# ^ A' Q7 H: q
(for example, when two people jointly buy a home), the+ S0 @5 k, U% e5 u6 z0 s
total of all amounts claimed cannot exceed $5,000.
7 G: ]0 @. @1 P, \ v, hSupporting documents – If you are filing electronically, or5 l& I" Y0 U; C; I w r
filing a paper return, do not send any documents. Keep all( G8 s- u; a+ n7 \
your documents in case we ask to see them at a later date. |
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