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Please see the below detail:- P. S3 b) L+ _- J& R
Line 369 – Home buyers’ amount
9 e8 }, b& P- s" v" s# c& WYou can claim an amount of $5,000 for the purchase of a2 v5 X- b% z8 s7 i
qualifying home made in 2010, if both of the following/ \& @7 A% A' g/ I% K, U+ K
apply:
2 k& q- Z/ }: e* D8 r■ you or your spouse or common-law partner acquired a
: r$ r3 q- \3 C9 {1 R: `) ~qualifying home; and
! F# U4 p0 ~! f■ you did not live in another home owned by you or your
4 R7 q2 {2 ?) _- N) c3 Bspouse or common-law partner in the year of acquisition9 P; R- Y3 {# w# T. g+ _0 d: S/ b' r
or in any of the four preceding years (first-time
$ G3 d& q: z: p6 r. z$ b% O' chome buyer).4 l7 b" {# g. z+ Y/ P! ] ^
Note
/ L8 R q5 M# @ H" HYou do not have to be a first-time home buyer if you are2 t2 I3 ~+ ~9 Q
eligible for the disability amount or if you acquired the* x! [4 ^! ~9 X# `7 a0 U
home for the benefit of a related person who is eligible% }4 j" q5 P7 r- T" `# \$ t
for the disability amount. However, the purchase must
% n# n) w: t n: R& w( d8 sbe made to allow the person eligible for the disability! C/ p9 g2 b/ I6 e5 n
amount to live in a home that is more accessible or better
, F9 b5 s, u1 Xsuited to the needs of that person. For the purposes of f$ @$ g; i' \- ?
the home buyers’ amount, a person with a disability is
. O9 H, }5 ?5 F: Z4 Dan individual who is eligible to claim a disability amount1 ~' f7 |( |; D
for the year in which the home is acquired, or would be
4 R0 f+ I' E% N% B6 Veligible to claim a disability amount, if we do not take/ O( h; T3 K% ?, x/ V
into account that costs for attendant care or care in a
. l" S1 Y0 l" d7 Qnursing home were claimed as medical expenses on lines
, M; J1 z) b; J5 X+ ]% p% x5 h330 or 331.7 H' A2 Q6 y5 J* \/ X1 X
A qualifying home must be registered in your and/or your/ A9 B1 Q7 q0 v
spouse’s or common-law partner’s name in accordance- m+ P# m6 t8 \
with the applicable land registration system, and must be1 l/ {% x4 e# _$ b: P! e+ c7 Q6 M
located in Canada. It includes existing homes and homes
P k1 B3 @0 D$ Nunder construction. The following are considered1 A3 w$ F8 o: O1 Z5 G0 i
qualifying homes:0 p/ B! ]. N& v$ k4 E; s6 d
■ single-family houses;3 E1 v! t/ v# t9 f, P, C0 }
■ semi-detached houses;
& s, K9 a3 F2 a4 w■ townhouses;6 u" V, C4 B8 i6 m: I$ _7 a
■ mobile homes;
2 ]3 V* t6 J( J* \* p% A■ condominium units; and! z5 p/ y" W u/ k0 x
■ apartments in duplexes, triplexes, fourplexes, or0 Z& j1 u9 j* i9 `& A; }) G& {
apartment buildings.
6 H9 ~& W ]6 D4 C {Note
* [5 n ~% E% ]4 M8 y/ t# k" H$ i5 sA share in a co-operative housing corporation that! I. F) E& o% G' W0 l# g! V
entitles you to own and gives you an equity interest in a% H' e9 Z& u1 L6 \8 ]' T- i
housing unit located in Canada also qualifies. However,# `* H0 T u% r: q
a share that only gives you the right to tenancy in the
% l& n2 h( W4 `7 Hhousing unit does not qualify.' D* I' K$ B* B7 p* G
You must intend to occupy the home or you must intend, s `& b N# b j
that the related person with a disability occupy the home as
* x7 C! { [ _: }8 T$ s, ra principal place of residence no later than one year after it6 o5 ?+ B! r5 o7 ]
is acquired.) i, Q1 ?, s( y) y
The claim can be split between you and your spouse or. R1 t& u" R& j
common-law partner, but the combined total cannot exceed
1 w, \' C8 R! i: n& }7 W! b' f3 i$5,000.
+ C( f# f& y; T, T6 GWhen more than one individual is entitled to the amount4 o/ L: `& k4 b8 E+ D( ?" u
(for example, when two people jointly buy a home), the
, j L. l. ?2 `' |; J4 ntotal of all amounts claimed cannot exceed $5,000." Y+ P$ K8 }# S
Supporting documents – If you are filing electronically, or' u& X( |: h7 u" X
filing a paper return, do not send any documents. Keep all# [0 |2 G5 M) R$ T" W, y/ S
your documents in case we ask to see them at a later date. |
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