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Please see the below detail:
* R3 r4 q' Q- pLine 369 – Home buyers’ amount) @0 J: }: n* j
You can claim an amount of $5,000 for the purchase of a7 O& r' F' s5 y9 N9 P# W, J: [
qualifying home made in 2010, if both of the following2 Z5 [3 ?' [! X3 ]- j! z# m# e h
apply:7 P1 d: [% e( r& c, |0 P
■ you or your spouse or common-law partner acquired a* I; t6 p2 F" z, s; y$ J+ F' E
qualifying home; and
* W/ Y8 K, _$ h5 V* n+ K# F4 ^) n■ you did not live in another home owned by you or your
: c0 P( [: n/ u0 o) Wspouse or common-law partner in the year of acquisition
8 z b; N* A& |7 Q3 E$ |* e4 x' yor in any of the four preceding years (first-time8 b- V+ Y: r7 E) K N* ~
home buyer).& t6 k7 n3 P8 @" _- G0 m
Note
0 b! I' X% h D3 v' d3 F/ q4 V+ NYou do not have to be a first-time home buyer if you are9 Q2 @2 _7 w) \& i* T4 ?" M& \
eligible for the disability amount or if you acquired the
, t3 v! B! X6 I; o3 |home for the benefit of a related person who is eligible
/ g* l8 ^0 b1 K' mfor the disability amount. However, the purchase must) G4 j: n$ N3 U5 Q. u
be made to allow the person eligible for the disability/ h( N. p9 Z* f7 X8 k) M- m g
amount to live in a home that is more accessible or better4 V( `; k4 D0 F3 u9 t, u" X' o
suited to the needs of that person. For the purposes of5 r, p4 {! G1 i5 q$ v/ T7 b# E5 r
the home buyers’ amount, a person with a disability is
# H6 [8 X) P8 s9 [' B. Gan individual who is eligible to claim a disability amount
) ~* L, N* N' O! I- v+ ufor the year in which the home is acquired, or would be/ m$ O$ g/ D& \! U
eligible to claim a disability amount, if we do not take
% _8 B9 @" ^ n4 ?; F) xinto account that costs for attendant care or care in a
/ p/ g% b# W/ b( T9 O/ A, Nnursing home were claimed as medical expenses on lines
i6 \* U) d* I" P330 or 331.- Y9 P- X1 B+ p; I% E, { A P
A qualifying home must be registered in your and/or your% B! B0 l* z8 q& r) e" R
spouse’s or common-law partner’s name in accordance6 C& |5 \6 y; D1 F1 O- N
with the applicable land registration system, and must be
# g- |. L6 K3 }$ S3 mlocated in Canada. It includes existing homes and homes
" a8 y# \/ v1 l' hunder construction. The following are considered) ]8 w7 z$ a0 Y8 F
qualifying homes:( j5 |* u. W7 |
■ single-family houses;% L" e }& w4 N7 p* M" Z- W
■ semi-detached houses;
' J7 G9 z: f5 {& f2 i" J■ townhouses;
. _7 w( p. W% ?/ F- q$ R0 d■ mobile homes;
# S1 m5 G+ G6 F■ condominium units; and
! P7 i, y: k c% P8 S+ C. ^- a■ apartments in duplexes, triplexes, fourplexes, or) ?" m+ @ v1 _' o% o
apartment buildings.
& N# [" }8 c- G+ R m, RNote
5 ^$ y& K5 H4 Y$ E% P- `A share in a co-operative housing corporation that9 W. O8 @- o% y' `- e/ h; h% Q# ]
entitles you to own and gives you an equity interest in a/ E/ E( F( N M/ o! p- I
housing unit located in Canada also qualifies. However,
$ S7 E. _! X$ L \a share that only gives you the right to tenancy in the
: J! N/ D$ ]3 D [4 dhousing unit does not qualify.# F X# _/ a# k- ~2 j, d3 \6 P
You must intend to occupy the home or you must intend
6 I6 A. w! p, L2 a. T- e0 L+ P& Qthat the related person with a disability occupy the home as
3 r: e* R3 Y: Z0 H m5 x8 L3 ha principal place of residence no later than one year after it2 O% J2 r- O! F* |6 {
is acquired., i" k( M) x! T! n+ x! `2 h9 Y
The claim can be split between you and your spouse or# f6 P2 `* m" j" |5 D% ` H
common-law partner, but the combined total cannot exceed
9 A6 b5 h5 _$ M! R# k1 h) _$5,000.
: C) ^5 L; R. w; zWhen more than one individual is entitled to the amount" {2 H+ a# @! Q4 I; _
(for example, when two people jointly buy a home), the
: i1 ]7 |, U4 C$ J3 Rtotal of all amounts claimed cannot exceed $5,000.' C0 Y/ |" u# L3 E- T9 C7 B' R( F
Supporting documents – If you are filing electronically, or
8 v7 h* K) j- ^+ _3 ?" N, A2 s; H; `filing a paper return, do not send any documents. Keep all
' V: b0 m# x$ O) Y. k( ~: t) ^2 @your documents in case we ask to see them at a later date. |
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