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Please see the below detail:/ A. K0 a8 O4 s2 i; L" ?3 D% q, g
Line 369 – Home buyers’ amount
' w4 b% H) V' p0 T/ m( YYou can claim an amount of $5,000 for the purchase of a# v& b8 @ X- M" N _& n
qualifying home made in 2010, if both of the following' V) \! I$ c2 b
apply:! J1 e3 E% Q% |; j+ U
■ you or your spouse or common-law partner acquired a
* ?$ @* n# b9 ^" u- g9 n& i4 Iqualifying home; and0 k8 L1 A C" D$ x* h [! U
■ you did not live in another home owned by you or your# [+ h7 ^9 O- Q, i
spouse or common-law partner in the year of acquisition1 r* y/ }5 ]% a' C7 ^0 x
or in any of the four preceding years (first-time
, I4 p3 d/ L$ y1 L9 k1 {- G' _home buyer).
1 h- _4 n8 E0 u2 p, ^3 lNote
) o( U3 z* F% GYou do not have to be a first-time home buyer if you are
: c! B* q- T( L0 x, ~) Deligible for the disability amount or if you acquired the
$ N4 V0 T; J) x/ \home for the benefit of a related person who is eligible! `4 f- I- |1 D: W* b' w
for the disability amount. However, the purchase must
- o8 w7 w' i9 Y- b! rbe made to allow the person eligible for the disability
: i4 f( N4 w5 O0 w: x) j+ r9 ~amount to live in a home that is more accessible or better
, h5 Y: R K3 s# X, k2 B0 Asuited to the needs of that person. For the purposes of0 j6 n. p; \% s) Q
the home buyers’ amount, a person with a disability is
1 T! { _( |6 q {( Z, o& p7 qan individual who is eligible to claim a disability amount! H3 H: c9 A. ?# f. O
for the year in which the home is acquired, or would be1 V' h2 R6 K6 d8 W4 L: x. M) r
eligible to claim a disability amount, if we do not take* z. h+ g2 J+ p2 F
into account that costs for attendant care or care in a
( g6 t3 h) P, xnursing home were claimed as medical expenses on lines3 a# [7 w9 l) D) ]4 {, m, S
330 or 331.
9 h S; t! Z2 c* [1 V1 m3 EA qualifying home must be registered in your and/or your
. I5 @% f }2 z5 ~2 ~2 r0 i6 T, Qspouse’s or common-law partner’s name in accordance
3 R [# k. k8 e; m& Owith the applicable land registration system, and must be: C+ m7 z4 t5 r& }; A
located in Canada. It includes existing homes and homes
7 u, g4 O' |" ?( K$ Funder construction. The following are considered0 E: A- X0 a. M" @' w4 L+ f
qualifying homes:
/ u. O q% T4 L■ single-family houses;, G" Q# A& L8 Y! W8 H
■ semi-detached houses;" j% N- W6 H8 m1 r
■ townhouses;, T/ p0 m$ Z! V q$ \# E6 g
■ mobile homes;( H, v5 L$ p7 i9 Q5 c4 y) m6 O% _; q
■ condominium units; and6 t$ R$ a/ m" b9 q
■ apartments in duplexes, triplexes, fourplexes, or
0 E9 b. S" g5 L3 s, C1 n' Uapartment buildings.
5 h# L. |& g+ ONote
7 {4 L" ~8 p! d- a. A# xA share in a co-operative housing corporation that6 N; k: e( m# h& a' P0 W
entitles you to own and gives you an equity interest in a9 Y% r* \7 q0 o
housing unit located in Canada also qualifies. However,
8 W% m! a: `" i L- P3 G1 h Aa share that only gives you the right to tenancy in the
8 v( Q# c- v" \housing unit does not qualify. c9 h3 h! @, p$ _
You must intend to occupy the home or you must intend
" ?( O' P- ]' ?6 J( X( y2 c$ zthat the related person with a disability occupy the home as
! f u r* W6 Z: S! l j# da principal place of residence no later than one year after it
9 A. s& ]1 H. `. K% Lis acquired.' T5 i; b; l! f7 z
The claim can be split between you and your spouse or
& m5 K4 V& x* @7 O% Bcommon-law partner, but the combined total cannot exceed8 j. L" Z4 e/ u5 ^
$5,000.; N+ c- X% s4 w: b2 Q
When more than one individual is entitled to the amount
0 g, N9 V0 C: N(for example, when two people jointly buy a home), the
& V5 |) e$ t d, i! n( O8 stotal of all amounts claimed cannot exceed $5,000.
9 [+ y: v! L6 F( PSupporting documents – If you are filing electronically, or
) I. v' n5 j1 X+ y4 N5 afiling a paper return, do not send any documents. Keep all |$ B3 Y c! g
your documents in case we ask to see them at a later date. |
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