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Please see the below detail:
8 S; I4 m3 f4 B1 k; MLine 369 – Home buyers’ amount
. O9 _0 h2 g" gYou can claim an amount of $5,000 for the purchase of a9 `5 o+ ~9 }9 Y s5 d. I
qualifying home made in 2010, if both of the following; q5 _/ P) J% g' b V9 V
apply:
- E+ \2 G5 G: H& b( G% c1 [3 p■ you or your spouse or common-law partner acquired a/ D L; d8 R. `+ P9 A
qualifying home; and) ^$ u- j- [2 {- D. S% i
■ you did not live in another home owned by you or your: S% w. v; W: S5 d. ]8 B( F
spouse or common-law partner in the year of acquisition' w' b3 r& h9 S3 D0 @. g
or in any of the four preceding years (first-time
% l, ~1 c' Z+ [% ?home buyer).2 } t `' t; z
Note7 o; R c8 J# }& A
You do not have to be a first-time home buyer if you are, M( j/ b$ ~ R, }! ^7 S
eligible for the disability amount or if you acquired the- _) J- n1 ^# G! b- \
home for the benefit of a related person who is eligible+ \: H9 u( w& Z; N
for the disability amount. However, the purchase must2 S$ a0 w8 ~ k- j
be made to allow the person eligible for the disability
: c s# ]% x3 j5 Mamount to live in a home that is more accessible or better. |7 \% Q5 P) V5 w% f# r* W
suited to the needs of that person. For the purposes of
]: x4 }+ V" F8 z- Sthe home buyers’ amount, a person with a disability is
% P5 p {, u' L, |7 @& Jan individual who is eligible to claim a disability amount. l+ h8 o7 L; T8 Q" R5 A* X* _6 M$ G1 W
for the year in which the home is acquired, or would be
[$ T$ i5 R' x, U; W" eeligible to claim a disability amount, if we do not take
$ s+ E4 n' W3 w r5 q' L, Xinto account that costs for attendant care or care in a
3 c* x( E( y5 S$ R/ { q5 K8 Rnursing home were claimed as medical expenses on lines1 a6 I- ?0 d: x) v2 X$ }# w& t) l
330 or 331.
( l3 M. F; a P5 C" m) G: k, Z9 ^0 `A qualifying home must be registered in your and/or your3 ~" G0 Z: L0 W. v1 \7 y' {
spouse’s or common-law partner’s name in accordance
9 ?; C0 g* F! A0 L% zwith the applicable land registration system, and must be. a: N( Q# d1 i- n+ g. C* u! A+ k
located in Canada. It includes existing homes and homes0 P5 l' h. Z& X8 c! p
under construction. The following are considered+ h N3 l0 X* u
qualifying homes:
6 z6 x/ M- I$ `& m8 F' A5 i5 {, q+ N■ single-family houses;
9 j; B! F3 x9 |- X. ~■ semi-detached houses;0 Y2 B# k* i- R' ?! A# z2 V, L e
■ townhouses;, a* x- ]! r9 X& E. v* V9 r
■ mobile homes;
6 n1 ]2 K2 L' v2 X/ h■ condominium units; and
% H1 z d* e7 v. a: o6 }% Y■ apartments in duplexes, triplexes, fourplexes, or% j' K+ X% |# y6 D4 x2 l
apartment buildings.
8 A- N G2 Y# T$ M; DNote/ R/ {% x. l1 C$ T# J" J
A share in a co-operative housing corporation that( C% _) M# K( W
entitles you to own and gives you an equity interest in a
; m5 }' j' d/ I3 @ v8 Yhousing unit located in Canada also qualifies. However,) U4 p& B5 I, O" k$ [
a share that only gives you the right to tenancy in the- B0 Z8 ~( r( r0 p- z# C* a. i( e6 V
housing unit does not qualify.
9 v! j% p1 N Y) rYou must intend to occupy the home or you must intend8 K, v- J( o/ R* c
that the related person with a disability occupy the home as
* u- f# D3 j6 F$ d3 e0 Va principal place of residence no later than one year after it j# r8 H5 Y9 H9 \) ~. x/ y8 C
is acquired.
+ R. W( B; a1 Z& J' _- DThe claim can be split between you and your spouse or7 \# y" i- M0 \( v! T# S; K
common-law partner, but the combined total cannot exceed
. ]. d" [: w3 |0 Y; a2 P% Y$5,000.
* `: |5 [2 N. c5 d/ r9 PWhen more than one individual is entitled to the amount
1 U2 z% Y+ W& ~) Z' a. f6 I2 ?(for example, when two people jointly buy a home), the
. Q/ m4 s: x- c* A# qtotal of all amounts claimed cannot exceed $5,000.
' l! M7 I8 t- ~! b: f/ X! ^# pSupporting documents – If you are filing electronically, or7 U# O" _7 e! g" T# c9 r
filing a paper return, do not send any documents. Keep all) j: w1 {: g3 R2 i3 H
your documents in case we ask to see them at a later date. |
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