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Please see the below detail:
/ r# ^( z- M: K4 a/ mLine 369 – Home buyers’ amount1 w6 ?$ i* P7 M6 ^. x; z, _* K4 O: k3 J3 j
You can claim an amount of $5,000 for the purchase of a, g7 q/ I9 O6 F: j S+ t! d
qualifying home made in 2010, if both of the following
5 w' w4 k* p: [3 Y2 B! Q6 ]. xapply: K( h" N" B$ D" t( x/ M" j
■ you or your spouse or common-law partner acquired a
8 h( G) d% r) p/ e9 R; vqualifying home; and
3 C1 R) I0 n$ V9 f6 `" z■ you did not live in another home owned by you or your
# ~* ^! w3 u- u8 s1 Qspouse or common-law partner in the year of acquisition
% Q% J! ?% h- a' bor in any of the four preceding years (first-time
; E& g( Y% w# d# e _4 ^- ^3 Khome buyer).4 v- v* M& G# Y$ i! \" V7 [
Note
+ n+ Q- z; [- r+ CYou do not have to be a first-time home buyer if you are }! c/ Y1 ~* o8 K+ y/ o
eligible for the disability amount or if you acquired the2 J* s' ~( M7 i7 S4 s& U+ ~
home for the benefit of a related person who is eligible$ U0 q& e+ Q/ W1 G
for the disability amount. However, the purchase must
) ?5 K: w( n: N D1 i% u5 Nbe made to allow the person eligible for the disability
: \3 e ^; l5 h2 ^" ^3 q0 ?9 K2 ~: n( Yamount to live in a home that is more accessible or better+ ^$ F8 N- s* n; g* F6 m# R2 k3 H
suited to the needs of that person. For the purposes of
$ A3 `: X( b) U4 {the home buyers’ amount, a person with a disability is7 Z' \3 _2 U: K. D# [1 R1 u' q& V# Y
an individual who is eligible to claim a disability amount
! |" C% F0 B2 Pfor the year in which the home is acquired, or would be
4 a$ @ t" g# g% [7 a9 Religible to claim a disability amount, if we do not take- r! j' n9 L; z& I4 ]* Q7 i
into account that costs for attendant care or care in a
# C/ q7 J$ ]! V, {nursing home were claimed as medical expenses on lines/ t! d) V, B0 w( I1 C( t' p
330 or 331.
) W k0 f! T1 F2 x+ `, a* \$ QA qualifying home must be registered in your and/or your( ]3 Y, Y9 B T* X0 O0 e* }9 H
spouse’s or common-law partner’s name in accordance2 I- i- M$ f& F+ f0 R: d7 y
with the applicable land registration system, and must be$ N& v$ l M1 ]
located in Canada. It includes existing homes and homes3 m9 U0 B g: M" I, w- K8 q% m7 m
under construction. The following are considered
/ c! O3 y: _) q7 }qualifying homes:
" G1 R3 e5 {0 m% y, g M1 s■ single-family houses;
2 ]7 Y8 k1 ~2 C) N& ]5 P' ]■ semi-detached houses;3 q/ v: C a5 i; b+ ~1 j
■ townhouses;
+ d/ K' X! ~9 V* B9 l■ mobile homes;
! J% H. ?+ m& Q) d( F7 O■ condominium units; and W3 s' K. u+ k; Q
■ apartments in duplexes, triplexes, fourplexes, or
0 B1 x V* @. _4 k/ {/ Vapartment buildings.; e( e7 a# w$ q! _
Note
: r. z$ j; l5 e2 V/ i, Z8 IA share in a co-operative housing corporation that0 B9 X8 E. \- j. c9 C" ?' h
entitles you to own and gives you an equity interest in a$ i. c: g; w7 U$ B. A. _6 r
housing unit located in Canada also qualifies. However,
- j# K( `* p* f7 l1 `a share that only gives you the right to tenancy in the
- x* F- ^3 {6 o4 J* `: l- Fhousing unit does not qualify.
, J$ m% b1 x$ _: {4 |You must intend to occupy the home or you must intend
; s/ F+ p: _( G1 f3 Cthat the related person with a disability occupy the home as
& B/ t" Z- v$ x3 K: k3 aa principal place of residence no later than one year after it
' d, e- ~+ H; k3 ?: M( L) xis acquired.# Z) F9 c9 R( s6 Z# j
The claim can be split between you and your spouse or
+ o- [' ]" x$ G: ~( Mcommon-law partner, but the combined total cannot exceed: H) O6 G$ m' I
$5,000.
! i5 D7 Y; E# [! R. a8 P( d+ Z- xWhen more than one individual is entitled to the amount
7 P1 k% H Z6 t(for example, when two people jointly buy a home), the
1 g6 t' w9 h$ k9 T, Ototal of all amounts claimed cannot exceed $5,000., ?7 J$ A( f& F; n
Supporting documents – If you are filing electronically, or
. _5 X* U# s. A8 d b8 @filing a paper return, do not send any documents. Keep all" A5 R9 Y' {0 b7 _* \# |; o
your documents in case we ask to see them at a later date. |
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