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Please see the below detail:
6 y, o& m) C" d& V& M3 X1 uLine 369 – Home buyers’ amount
& X y# n l1 k' SYou can claim an amount of $5,000 for the purchase of a; h- I$ w c2 o* a
qualifying home made in 2010, if both of the following# F- \7 O( P" f) v/ C: {
apply:& n6 X' F; D& V1 K! E
■ you or your spouse or common-law partner acquired a! W8 @: @1 M* b0 m9 Z3 X- p
qualifying home; and5 B) M5 U7 f3 i. V% b
■ you did not live in another home owned by you or your
4 i( P3 A& T, p K' }! m% ], aspouse or common-law partner in the year of acquisition
& @3 z; x- r D' V& e! C% |" Mor in any of the four preceding years (first-time
6 \; w4 E. `6 l2 o3 X9 w0 x. dhome buyer)." P' j8 r- m1 K% E) p
Note+ w. D+ R3 |# S/ G4 S7 P, j
You do not have to be a first-time home buyer if you are8 N. T& `4 E7 ~+ O, [
eligible for the disability amount or if you acquired the
% E; V6 z5 f, T5 |home for the benefit of a related person who is eligible3 O; }+ l% T: ?" I6 S4 \
for the disability amount. However, the purchase must9 |7 Q: U. m* p
be made to allow the person eligible for the disability+ ~: }' O8 a% M% w1 Z. z
amount to live in a home that is more accessible or better$ Y1 U& H0 F4 _: A h7 T; i1 U: g
suited to the needs of that person. For the purposes of2 P3 f2 _; ?7 e, D2 K# q2 V+ C
the home buyers’ amount, a person with a disability is$ [8 _4 S: f, U) K
an individual who is eligible to claim a disability amount9 w* ]* f! t# i2 t
for the year in which the home is acquired, or would be `: g% Q7 @$ X$ G
eligible to claim a disability amount, if we do not take
5 ?9 H* Q n8 C1 c$ Zinto account that costs for attendant care or care in a' }0 {* ]' A" g$ G5 |
nursing home were claimed as medical expenses on lines
5 X0 f; P; V; P! q330 or 331.
! n# s( \9 g2 x# v' X/ WA qualifying home must be registered in your and/or your
! @ W6 f s% D. E' Uspouse’s or common-law partner’s name in accordance) L4 c9 T" e. @7 p' |: N
with the applicable land registration system, and must be
& t$ O! Z% J+ P1 c+ ~2 Jlocated in Canada. It includes existing homes and homes
0 M* |# ]3 k% c* ]) Iunder construction. The following are considered3 ]6 z- \" X7 o( _7 ?
qualifying homes:
! F- C+ H* B5 K1 R# g* c■ single-family houses;4 ]3 h8 b/ R6 o0 @
■ semi-detached houses;
& \ z4 T( R# L■ townhouses;
- O% L# e5 i. ?5 o( ~■ mobile homes;3 L" r1 N9 Z* v5 P4 X# S: o4 D: h
■ condominium units; and
" `# s9 s I7 M+ E& y% P( x■ apartments in duplexes, triplexes, fourplexes, or& ]$ l d& l5 W0 j: M' N' }9 i
apartment buildings.4 x8 E" A* [' }( p: I* X3 M9 K
Note6 _% u, Q; ?! P/ L7 y7 R7 x
A share in a co-operative housing corporation that/ ?" v3 J$ k# B4 N, f9 R) O
entitles you to own and gives you an equity interest in a& o# |! U) B; }
housing unit located in Canada also qualifies. However,
! ~" e$ y/ Y; s3 P8 P! H1 t5 la share that only gives you the right to tenancy in the
1 o# O9 k. n# qhousing unit does not qualify.
5 x3 Q8 O& [8 MYou must intend to occupy the home or you must intend
5 H5 d5 i& |7 X8 k1 A/ vthat the related person with a disability occupy the home as
( I7 i9 E/ h# C: G6 n. za principal place of residence no later than one year after it+ |4 D$ J4 Z! C6 H7 ?7 m8 l; s
is acquired.
( k/ N% ?" h0 J1 z: M$ xThe claim can be split between you and your spouse or& D/ @* @/ j, ^, E X# R5 X
common-law partner, but the combined total cannot exceed1 a" d$ q: q% X* o5 o: p& i6 _
$5,000.) ~9 }* h" |! D. N8 f
When more than one individual is entitled to the amount2 v7 e' A0 w8 {* U4 q$ F8 U1 k3 h
(for example, when two people jointly buy a home), the9 t2 V/ E9 T, ^1 ?2 `$ z: A
total of all amounts claimed cannot exceed $5,000.4 Z$ X% y8 c* O2 E% ` A8 \
Supporting documents – If you are filing electronically, or
- Q: R4 Y' e1 i" t) [9 e9 U: Mfiling a paper return, do not send any documents. Keep all0 K ?6 @8 O7 {6 h, W
your documents in case we ask to see them at a later date. |
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