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Please see the below detail:
3 \% N( P) H# P/ x7 D: XLine 369 – Home buyers’ amount
. n' _& y, z7 z3 A) ~, {4 pYou can claim an amount of $5,000 for the purchase of a
. i' o' q5 o! p/ Z0 Y6 H' E* [qualifying home made in 2010, if both of the following. I9 R- h) u7 b3 k w* t0 _ F
apply:
6 w& [& T7 f4 b■ you or your spouse or common-law partner acquired a/ m! s+ s. Q5 W
qualifying home; and9 v; c. M3 @! L8 \* O1 x/ O1 T
■ you did not live in another home owned by you or your
1 S* R. H, U/ J9 V+ Pspouse or common-law partner in the year of acquisition( [) `$ L: p3 w$ x" v
or in any of the four preceding years (first-time
* A$ Z8 A2 P Y! thome buyer).! h. D1 K( B: b* j
Note
) e8 j( ?) _3 k3 q: D+ [! U1 w) uYou do not have to be a first-time home buyer if you are
4 m7 W" |- l/ q+ M$ f5 _eligible for the disability amount or if you acquired the
0 X: c$ c! v2 g- p$ M* K. nhome for the benefit of a related person who is eligible" z6 k$ [, H& P0 L
for the disability amount. However, the purchase must! x3 m! V- N# W6 a1 |
be made to allow the person eligible for the disability
, d( E2 P: J" j0 k j# _amount to live in a home that is more accessible or better% g( c8 z6 x- [+ {& e
suited to the needs of that person. For the purposes of
+ J0 L! X+ B7 z' Athe home buyers’ amount, a person with a disability is9 ?) X( s5 R& d- L! s0 V# T
an individual who is eligible to claim a disability amount7 @ J3 k. p( |- [/ a" _& [5 m
for the year in which the home is acquired, or would be$ l$ r4 E+ H- Z% Q. n f
eligible to claim a disability amount, if we do not take
w3 s% r# U5 s# hinto account that costs for attendant care or care in a9 h. p0 r$ J3 c9 C1 e. o: `
nursing home were claimed as medical expenses on lines
: e' o8 R$ O( T2 z0 j. L' A8 @2 s9 R+ n, b330 or 331.! }* E4 `1 h' N- N! {0 G9 B
A qualifying home must be registered in your and/or your
6 r% J8 R1 F! T3 e4 e- \0 G6 Pspouse’s or common-law partner’s name in accordance5 y8 r# I$ e( e8 n1 [) E% W
with the applicable land registration system, and must be4 R4 X4 f# o4 ^5 b
located in Canada. It includes existing homes and homes
3 Y+ m$ N% w" E8 h2 q. z: Bunder construction. The following are considered+ H8 P, Y( o, I, J; M% c
qualifying homes:
: _% |2 H( D; b9 [■ single-family houses;
8 k/ X n ^% A/ z■ semi-detached houses;8 y% b g% V: N8 q3 q8 v
■ townhouses;' X) }% }7 l. ~
■ mobile homes;0 O1 \' q- s, |" D' j: ^; }) z# g
■ condominium units; and3 ?9 E) @/ k( ~9 C; e3 |4 y5 B5 l
■ apartments in duplexes, triplexes, fourplexes, or$ h# i$ S5 A9 I" e- ]4 |) t
apartment buildings.& v# d6 {( G" r" K$ P
Note0 @1 V$ j$ E( J) e A8 N5 ^
A share in a co-operative housing corporation that1 G4 b$ i, e' o. Q# T
entitles you to own and gives you an equity interest in a
3 n% E. t& H, B* p# Whousing unit located in Canada also qualifies. However,
$ g, {% g& O# @9 va share that only gives you the right to tenancy in the
( f$ y* ^+ T' ]+ w& R, Ahousing unit does not qualify.
{( R! P6 p: D4 l" @You must intend to occupy the home or you must intend8 R; c2 }/ P+ I3 z# {( o
that the related person with a disability occupy the home as& y; n0 K( ^/ r4 n
a principal place of residence no later than one year after it
' o1 j! {8 N% Q# {% C- l3 ~; S) Dis acquired.
4 K, P0 y3 W4 g) \& L: j, |* B* KThe claim can be split between you and your spouse or
( U# V3 K( T; Q( j% B& G3 Xcommon-law partner, but the combined total cannot exceed
$ x- j y0 @5 A' W T2 ?$5,000.3 v% S L' B# I/ _+ V9 d1 D' a# s- X
When more than one individual is entitled to the amount, _. N7 V* Q$ w: a& R
(for example, when two people jointly buy a home), the
. k4 H% ^' I7 y. f. Stotal of all amounts claimed cannot exceed $5,000.* v( W! B2 X" w; G H! M
Supporting documents – If you are filing electronically, or; t5 r6 Y; x4 b4 i7 Q
filing a paper return, do not send any documents. Keep all3 q# j# E* R# U* d
your documents in case we ask to see them at a later date. |
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