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Please see the below detail:
; J/ V3 i# i: g4 j, uLine 369 – Home buyers’ amount
. O; d, Y5 g: rYou can claim an amount of $5,000 for the purchase of a
6 w9 W3 D$ y! ^" j: U8 O: {qualifying home made in 2010, if both of the following9 V6 [- H' m' Q. `
apply:! ]8 j1 r |: B2 J. s; k
■ you or your spouse or common-law partner acquired a+ N, L. M, m# i; V( Q1 H
qualifying home; and5 A. ~) J9 a: {6 v ^6 { f+ R
■ you did not live in another home owned by you or your" w0 N; l9 t4 {9 Z# K1 o3 p# \
spouse or common-law partner in the year of acquisition
; @: C! [2 b" @8 q$ D: A' K$ Zor in any of the four preceding years (first-time% Q; U, s$ Y" p9 J! g
home buyer).- P4 m& u, C% ]
Note8 D- y7 {2 r; b3 ~5 \* ~
You do not have to be a first-time home buyer if you are
/ ^; ?1 Z: p- P' c0 f1 i, h; veligible for the disability amount or if you acquired the# Y+ d9 A0 g! n Q- p" }
home for the benefit of a related person who is eligible
; Y5 Z9 ~. _6 ~! d' Yfor the disability amount. However, the purchase must
; o* _6 E7 T7 |+ u- @be made to allow the person eligible for the disability
# _# {# ^& n; W+ C- X0 z+ ?4 Oamount to live in a home that is more accessible or better
+ `" i3 ~8 v% S* u- ]suited to the needs of that person. For the purposes of7 G# t+ D2 R q) b
the home buyers’ amount, a person with a disability is
/ E1 C2 R5 P! M& x7 Aan individual who is eligible to claim a disability amount
8 B$ I: o* Z/ L: }9 Efor the year in which the home is acquired, or would be0 P8 C4 x/ ^7 X
eligible to claim a disability amount, if we do not take
6 k! M5 H5 \" f' c2 ]; t% A linto account that costs for attendant care or care in a
5 q o: P8 p; Jnursing home were claimed as medical expenses on lines; S( f- v5 C6 S5 V9 ^; Z
330 or 331., N4 t) \* Z0 S% m2 Z4 [2 H9 w* v
A qualifying home must be registered in your and/or your
. H, |" t: I! X0 Y, kspouse’s or common-law partner’s name in accordance& y+ J4 [ M' z
with the applicable land registration system, and must be3 V* J7 L- `' G/ ^# i4 L) a! H# k
located in Canada. It includes existing homes and homes+ z0 P5 ]7 t' V
under construction. The following are considered
: w6 ?" b M1 B, @# hqualifying homes:" U+ g% Y# `" l6 u4 `* F
■ single-family houses;
! ~) F( V& r' x1 P: J3 F: s■ semi-detached houses;7 Z$ z4 r' {2 i6 d! ~0 a. f
■ townhouses;
" B N7 o9 ]6 v6 b3 p0 V■ mobile homes;+ y! d; h+ [2 @ h" f, g, p% `
■ condominium units; and- q$ R+ |/ Z2 \
■ apartments in duplexes, triplexes, fourplexes, or' ~. z$ |: N% L1 L% L2 V' t
apartment buildings. P: y* U% `4 |2 ?7 X7 _
Note @: g( c8 | g& s7 ~: |0 K; {
A share in a co-operative housing corporation that" A0 v1 Y+ E8 B( s
entitles you to own and gives you an equity interest in a0 Y7 m- d# p! E# D
housing unit located in Canada also qualifies. However,# F4 o* k1 y I* W: l$ k" F4 m' R
a share that only gives you the right to tenancy in the
" v5 h1 r9 c( Z+ w" ohousing unit does not qualify.
- A$ o' ^& ^7 G) m0 ] u2 H8 k+ \2 dYou must intend to occupy the home or you must intend
2 I' _; R9 P9 [% Athat the related person with a disability occupy the home as6 ^9 w U5 V$ B2 @6 _" s
a principal place of residence no later than one year after it, `9 {* g3 O/ Y. i1 u
is acquired.
9 M- H& }! }+ S8 q- _9 PThe claim can be split between you and your spouse or' Q/ H. w5 K5 w& `
common-law partner, but the combined total cannot exceed3 k, I m- e n, @
$5,000.
2 X) }1 c" i q5 NWhen more than one individual is entitled to the amount
+ j$ `0 B o- {* i& q% R(for example, when two people jointly buy a home), the
5 ^; [+ w- B0 qtotal of all amounts claimed cannot exceed $5,000./ U0 `, s4 h/ t# b
Supporting documents – If you are filing electronically, or
: K+ [8 A% i+ t' ~filing a paper return, do not send any documents. Keep all- C3 y/ i( Q2 `9 s
your documents in case we ask to see them at a later date. |
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