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Please see the below detail:2 V* m* L7 M9 [& z
Line 369 – Home buyers’ amount% P. d8 [" f3 E' [, D! ?" F. w
You can claim an amount of $5,000 for the purchase of a
/ J% E' ]) q8 W( s5 E! xqualifying home made in 2010, if both of the following* \# f/ r: _: D8 c i
apply:
! L b0 N) b p) w" s! b% Q: g■ you or your spouse or common-law partner acquired a, x3 w0 T. ~( [
qualifying home; and- V% K* ^2 [( c7 b+ B
■ you did not live in another home owned by you or your3 S4 f* t: v+ F0 G0 ^- }
spouse or common-law partner in the year of acquisition
. }+ C1 f% U7 Tor in any of the four preceding years (first-time9 U0 M2 w; e5 F! [9 F8 G$ l6 p. [
home buyer).
" g- |) C1 E6 F3 }4 C, L) sNote- F! c# b* ^ ^% f1 i- h u
You do not have to be a first-time home buyer if you are* V, L0 t3 Z5 |7 }0 t" y2 [
eligible for the disability amount or if you acquired the& w+ N# h; w) r9 Q n
home for the benefit of a related person who is eligible: O3 B" e7 I% V5 J; h1 l/ u3 u
for the disability amount. However, the purchase must
8 x' a) S' d% x! Gbe made to allow the person eligible for the disability8 z# |/ ]% I4 S' t/ |# `
amount to live in a home that is more accessible or better
/ h, ]4 e* S* Z/ k' @7 Z: ssuited to the needs of that person. For the purposes of
- Z" x: e' u5 B6 ^" Gthe home buyers’ amount, a person with a disability is
8 o# H' Q" Y2 E" Dan individual who is eligible to claim a disability amount
. e' }/ f# S9 d1 P2 ofor the year in which the home is acquired, or would be
) e6 l# T8 F6 C9 s* \& A( l- geligible to claim a disability amount, if we do not take: [! {1 h) ]% O5 T2 }% L) j" ~
into account that costs for attendant care or care in a
1 A6 Q& F1 T% X0 t, J$ hnursing home were claimed as medical expenses on lines
( J$ m3 v2 z1 m/ M) U330 or 331.% O5 g# k0 m4 f7 Q/ X
A qualifying home must be registered in your and/or your! @, V0 A8 l; X
spouse’s or common-law partner’s name in accordance3 O. s* i+ e, }0 Z
with the applicable land registration system, and must be" r Z! e0 E: w7 J& t: a) s! }
located in Canada. It includes existing homes and homes7 P$ h( T/ s9 C- ]9 `
under construction. The following are considered) b; c( i( U2 A! p N1 T6 v
qualifying homes:7 a$ C- R4 f1 D* Q/ C
■ single-family houses;: S0 u4 m5 I" Y0 _: T! O
■ semi-detached houses;
# C0 V% ?) L! m7 `! e■ townhouses;/ ^) S1 p5 c% g6 ?+ Q
■ mobile homes;
0 f( f/ K% r* I0 f$ s9 J' V- f■ condominium units; and* |! k' x! d+ j1 {4 x
■ apartments in duplexes, triplexes, fourplexes, or
0 F0 B- l) g) lapartment buildings./ X! M/ X: Q W; r+ j- D5 u: `3 ?
Note8 ^4 d( W% m0 _& q4 S' s
A share in a co-operative housing corporation that
' t+ d9 ^- _# M* [9 _) B6 lentitles you to own and gives you an equity interest in a' j. j- n+ _* ~. N
housing unit located in Canada also qualifies. However,
$ R, j5 Y5 Z6 J! S1 Ra share that only gives you the right to tenancy in the9 F/ N6 \0 P: g7 A7 v. ?8 f
housing unit does not qualify.' n8 z5 t" S" z# E/ T
You must intend to occupy the home or you must intend
/ |' z& O' |" m1 \4 ~/ W1 D2 dthat the related person with a disability occupy the home as
9 a; U: Y+ { k6 J8 n9 Ea principal place of residence no later than one year after it) z$ }' l! F. o# H: ^% R
is acquired.8 |$ U; u% E, ?4 n! e. [- l0 A9 i
The claim can be split between you and your spouse or/ V! p& f3 O" k2 S
common-law partner, but the combined total cannot exceed1 o' C: i% r. n+ n
$5,000.
% ^5 _, E: k! M- W9 ^# V3 {$ }When more than one individual is entitled to the amount
0 T( G+ h+ X V* Q0 `% [(for example, when two people jointly buy a home), the
; h" k+ D9 Q2 ~& i( R3 T( A; Ltotal of all amounts claimed cannot exceed $5,000.
% R1 D# \& E9 `. rSupporting documents – If you are filing electronically, or
3 r( Y5 B- O S1 L2 M7 Hfiling a paper return, do not send any documents. Keep all) u6 T4 I' I3 [, ~! D, f! u
your documents in case we ask to see them at a later date. |
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