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Please see the below detail:) k) |: ]) `( r0 `4 U) [
Line 369 – Home buyers’ amount
5 s% x: F- }3 I# n$ b: Y, _; OYou can claim an amount of $5,000 for the purchase of a% J0 { m% [4 V d6 l# j3 v4 Q5 m
qualifying home made in 2010, if both of the following
3 y7 u" G$ h, _$ @+ G2 |apply:/ J7 W+ D6 f Z3 W+ |( \
■ you or your spouse or common-law partner acquired a a) V( R. Z( W9 n; ?# R8 p4 P
qualifying home; and* Q7 v! A. p, _3 o4 H* \1 P# J
■ you did not live in another home owned by you or your3 z7 y3 V7 x2 C+ t7 @
spouse or common-law partner in the year of acquisition
0 P; |5 z4 e' f- y$ Zor in any of the four preceding years (first-time
+ i) x7 a1 g% k5 r: Whome buyer).
5 X# l) T# A/ ^: z3 i: q6 WNote
8 o9 w8 z& N) D! X! k# \4 D5 rYou do not have to be a first-time home buyer if you are
* @4 W" H9 _- i) ~eligible for the disability amount or if you acquired the
3 w% S: }6 K- h5 u ~8 P) ohome for the benefit of a related person who is eligible
7 c9 }0 l7 ?9 L( Xfor the disability amount. However, the purchase must
# ]% ~8 Y0 t. @. @; cbe made to allow the person eligible for the disability" Z4 {' s6 h( s3 o8 H. q
amount to live in a home that is more accessible or better
2 b. a" Z8 H v% Usuited to the needs of that person. For the purposes of
4 }3 o$ j0 ` f, l, N. Mthe home buyers’ amount, a person with a disability is0 R1 x& s. l1 ? n+ l8 N) [4 p0 Q
an individual who is eligible to claim a disability amount8 g1 Q3 K' m+ N/ `2 V
for the year in which the home is acquired, or would be5 R0 l; H# q- N% h0 m3 U/ I# z$ Z( v
eligible to claim a disability amount, if we do not take
+ L% P6 O: K1 L3 i4 P) sinto account that costs for attendant care or care in a. v+ ]* A0 \( @: n( ^
nursing home were claimed as medical expenses on lines
9 R7 l5 z, L5 K330 or 331.
+ }, j0 M# z m3 S8 w; Y' I7 ^4 fA qualifying home must be registered in your and/or your
( y- {, u* F4 R$ y6 yspouse’s or common-law partner’s name in accordance
: V. n/ n2 s' \# p) x! jwith the applicable land registration system, and must be
: B7 Z) Q9 b. j% I5 J. nlocated in Canada. It includes existing homes and homes
+ Z; y3 @4 v$ W; J3 K# ?: zunder construction. The following are considered3 R( |+ S! L3 n7 p& ^+ E2 H! j
qualifying homes:
1 N2 m8 q' `, A2 c6 c1 o/ b. F■ single-family houses;
& O6 c* l- j, u- | I$ G9 k■ semi-detached houses;# Q/ j6 h; P& J- E6 A6 R& c
■ townhouses;$ |1 b- c0 V7 w+ k/ m
■ mobile homes;3 }' u$ u5 C. ? }' m8 c/ h0 D
■ condominium units; and
" a) e2 B$ u: K9 }- Z■ apartments in duplexes, triplexes, fourplexes, or( Z: }( W9 o1 v
apartment buildings.
* x8 Y( ^& U3 kNote
+ j5 U! O! y3 S! v/ C7 ~2 L k6 YA share in a co-operative housing corporation that
- f. w! }. C: T) B& T7 v6 i6 wentitles you to own and gives you an equity interest in a/ t" d1 R" H3 j+ X; V/ a( Y
housing unit located in Canada also qualifies. However,- W0 w9 g! h4 c/ z! @
a share that only gives you the right to tenancy in the
% J$ ~/ w1 T4 P6 U! a' dhousing unit does not qualify.
4 j7 h7 g: ^" E, JYou must intend to occupy the home or you must intend3 x7 _5 d0 T) B7 ]5 c3 b
that the related person with a disability occupy the home as
1 @' W4 R4 P ?# s7 G5 I" Oa principal place of residence no later than one year after it. [, c. y$ I/ K5 \! Z) q$ p
is acquired.: m4 k) W# K: k2 o% K5 d+ Z. Y
The claim can be split between you and your spouse or: H4 |! d6 c& o
common-law partner, but the combined total cannot exceed% |9 x, V; ~. ^% f9 O* q6 W) [& F
$5,000.9 A4 N* D$ l- q' k) \0 @- A" k
When more than one individual is entitled to the amount
7 Y |+ ?; g, i: O! K( y5 u(for example, when two people jointly buy a home), the' m# H$ a1 T3 E% A( ^, ^
total of all amounts claimed cannot exceed $5,000.
& V. J% i3 Q- }- ?' w aSupporting documents – If you are filing electronically, or& A7 |' i6 l L" F' e5 ~
filing a paper return, do not send any documents. Keep all+ B& J- a5 O5 n+ ~7 ~9 l" H
your documents in case we ask to see them at a later date. |
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