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Please see the below detail:) ?# J: e; d! R/ |6 v" N* C7 _1 S6 _
Line 369 – Home buyers’ amount* r' v* m# x4 Y: @
You can claim an amount of $5,000 for the purchase of a
, V1 Z, X. Q, Z, G' Lqualifying home made in 2010, if both of the following
6 C0 u1 z+ U) X5 ?9 e9 G& W0 Mapply:
$ h! f, S) J1 X% \' _- O. \: C■ you or your spouse or common-law partner acquired a
9 T! @. V, ~; h( Yqualifying home; and
8 f1 t2 K9 k, \' Z- r D8 j7 ~" i" j■ you did not live in another home owned by you or your
! y" S! H2 f4 @spouse or common-law partner in the year of acquisition, U c, `6 {) C e) E6 g; R
or in any of the four preceding years (first-time7 P& x p) h- u
home buyer).( k# f( r" Z0 \3 Q+ k* X0 w( {
Note
6 `# X: G) C% X0 D J# A+ bYou do not have to be a first-time home buyer if you are- j) ]) _9 ` K/ a4 I% }8 L
eligible for the disability amount or if you acquired the
4 Y. m; Z% o& _ M& {home for the benefit of a related person who is eligible# a' H( Z- w* f7 c! ]6 a- s7 J# R
for the disability amount. However, the purchase must
+ G+ ]) w% @' U L: Y3 R9 F0 x1 |2 fbe made to allow the person eligible for the disability
. K2 J/ t* Q8 }( o7 c- d4 damount to live in a home that is more accessible or better
* \5 N+ Y$ t1 gsuited to the needs of that person. For the purposes of
; ?1 s0 D$ [' U6 n* k v) F; Y) Cthe home buyers’ amount, a person with a disability is# B; r7 ~2 s$ Y+ ?: K
an individual who is eligible to claim a disability amount5 L9 d; c; t3 p
for the year in which the home is acquired, or would be
% I- m3 }$ U) _. u8 veligible to claim a disability amount, if we do not take
1 b3 O. ~2 I4 X4 t# u3 |7 x0 vinto account that costs for attendant care or care in a+ B4 S+ X P' Z
nursing home were claimed as medical expenses on lines
7 R& f% k( p- D/ k& S330 or 331.6 L* R3 K' I2 w: O1 U: ^
A qualifying home must be registered in your and/or your- d/ B, k. {- `
spouse’s or common-law partner’s name in accordance
: B, I( ]7 l/ ]: ^9 J B1 n3 L3 a& uwith the applicable land registration system, and must be% }2 q* `0 t# d- z; F' x& B
located in Canada. It includes existing homes and homes3 @$ t6 O4 S4 O% Y1 U
under construction. The following are considered7 e/ r* Z s7 w+ {6 e% y
qualifying homes:7 n, m1 t; r1 q$ J+ \2 g
■ single-family houses;; {0 y% A) Q4 P
■ semi-detached houses;! j1 C: v( _$ c6 [$ q
■ townhouses;
, X8 |: g/ g9 v x/ O4 d■ mobile homes;' N0 y ~6 j, u% l! q* R
■ condominium units; and7 J: |9 l0 P9 u1 B& e) U& F2 S# q
■ apartments in duplexes, triplexes, fourplexes, or
; i0 q# I9 N* `7 X& K! L$ c# Oapartment buildings.
5 Z/ W. ]6 X3 Q4 V) X8 K, _. k" Q& LNote$ D, [9 Z2 F9 r( _5 A) f
A share in a co-operative housing corporation that
: `7 V6 \% z3 L. n n! h* F* p+ g% Dentitles you to own and gives you an equity interest in a
/ s3 }7 C9 Z- w9 V; Ehousing unit located in Canada also qualifies. However,
6 x+ X( o0 X! t% f7 c8 va share that only gives you the right to tenancy in the2 I7 ?4 ~# m3 E9 a/ I
housing unit does not qualify.
7 n7 }9 c# V* }7 o8 kYou must intend to occupy the home or you must intend; m8 W R; A6 R# B0 ~! w4 w
that the related person with a disability occupy the home as
3 k$ G3 E6 t0 S1 w3 y% n" ?+ ca principal place of residence no later than one year after it
+ l( L6 F0 D3 Q- Q, iis acquired.% g6 E0 t1 I! h6 G+ q# ]0 q
The claim can be split between you and your spouse or( ]: l1 k% f' _' B
common-law partner, but the combined total cannot exceed
# C" }! v& P/ @$5,000.! H5 C+ |4 s6 i! I/ [% R
When more than one individual is entitled to the amount( P( _" A0 j( r9 z6 @& o
(for example, when two people jointly buy a home), the; r$ Q" h, s. n# ?
total of all amounts claimed cannot exceed $5,000.
: H% y2 S0 B8 L$ NSupporting documents – If you are filing electronically, or
- t3 Y% q' Q9 |. N0 d1 ~( Lfiling a paper return, do not send any documents. Keep all! U$ P' `1 E: K2 X. p
your documents in case we ask to see them at a later date. |
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