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Please see the below detail:
( b& D$ {* c8 z i1 R0 |7 dLine 369 – Home buyers’ amount
2 z. K: U: }, Y' MYou can claim an amount of $5,000 for the purchase of a2 h: ^0 O" k6 n1 x
qualifying home made in 2010, if both of the following' o8 S7 g. N5 K6 c9 {" i6 h4 ]
apply:
! m& K9 [3 r4 ^- V6 c; j5 v/ s, R■ you or your spouse or common-law partner acquired a
) x& b, e2 }5 A1 R/ Z6 vqualifying home; and
' h1 ` q& H8 O6 a! ~■ you did not live in another home owned by you or your1 p5 x6 l6 b+ Y9 s& E1 B/ X
spouse or common-law partner in the year of acquisition3 X* s8 e; h, A1 y
or in any of the four preceding years (first-time
0 p2 y, S+ H0 k, fhome buyer).
/ q8 |, |2 O6 n: RNote
& I! G& Y3 N$ @! y( ]# Q5 IYou do not have to be a first-time home buyer if you are
7 A. @0 z! M) Y! ]eligible for the disability amount or if you acquired the0 |6 C; M2 `- A+ c$ [% d
home for the benefit of a related person who is eligible/ |" O( O3 Y) b" X' N7 j
for the disability amount. However, the purchase must
0 P! u" Y2 C1 j4 H% abe made to allow the person eligible for the disability1 h' ~7 e$ r0 u3 m- u% A- s0 G
amount to live in a home that is more accessible or better" v* g8 `, ^8 f& n) G
suited to the needs of that person. For the purposes of' p: v- L" z& p
the home buyers’ amount, a person with a disability is
- x( O4 Y; H# B1 `4 ran individual who is eligible to claim a disability amount
; ]9 h# ~5 a. s7 C- o/ @& v/ _for the year in which the home is acquired, or would be
0 o3 C0 S: d- D6 g0 C teligible to claim a disability amount, if we do not take
2 s5 F! k. R+ [# i; y, {' ^9 Ninto account that costs for attendant care or care in a
3 I8 l$ X' }0 e7 {7 P- C' wnursing home were claimed as medical expenses on lines
" Z Y4 E" A7 w3 F' ]8 m7 L' Z330 or 331.
. L3 a$ \& X! i) D4 X* QA qualifying home must be registered in your and/or your
4 Z7 B$ Y) Q6 A0 D; }- l6 p& Aspouse’s or common-law partner’s name in accordance, e! [3 o9 X. \5 }
with the applicable land registration system, and must be4 K. |' B& y% G& R* F0 v% M
located in Canada. It includes existing homes and homes
1 L7 P O% m9 o1 I& ^. h; \under construction. The following are considered& I& b9 H; p" _. j
qualifying homes:# \5 W# U- M* K
■ single-family houses;
$ }5 K z# ~& K- J* p■ semi-detached houses;. J6 d, D0 k1 Z4 |: Z
■ townhouses;
" }. L: R1 Y4 e* V■ mobile homes;- C9 _4 U- ?5 \2 ~
■ condominium units; and
* z% ?# H- D- w; U8 o■ apartments in duplexes, triplexes, fourplexes, or: `& A3 M# z0 Z& a$ ?" K; A; P1 k
apartment buildings.
; h# C5 [4 w# V' r6 W4 `; p% s' SNote
. V; g8 ~ P( C: K( I9 ]A share in a co-operative housing corporation that
, c! w) ~( u% B: q/ ~entitles you to own and gives you an equity interest in a8 J9 w A+ O( U$ J) U4 }
housing unit located in Canada also qualifies. However,8 c5 e& M( t$ q; Y
a share that only gives you the right to tenancy in the
5 u0 _1 C1 Q$ T% c1 n( shousing unit does not qualify.* k; s$ @* T9 V6 l& s) `/ A1 ^
You must intend to occupy the home or you must intend
) Q" u% n% ?7 @. ^, J9 Ythat the related person with a disability occupy the home as. w! j3 O! l. H! B8 n
a principal place of residence no later than one year after it
5 J7 Q' o! c. f s6 ^is acquired. A! f, T3 _; H1 {1 ? j
The claim can be split between you and your spouse or
5 ?0 Y: D( w- |9 c; ?6 ecommon-law partner, but the combined total cannot exceed( I0 V$ z6 W3 ~4 l4 t
$5,000.0 C8 t+ @! Q% Q" y/ _: ?/ o
When more than one individual is entitled to the amount7 R0 w1 V+ s8 L# n$ i
(for example, when two people jointly buy a home), the
( J/ `9 Q- E$ i q5 f: L6 f- u) p4 @total of all amounts claimed cannot exceed $5,000.
1 G# `. k# ?' A$ LSupporting documents – If you are filing electronically, or
. [4 z, n% ]7 gfiling a paper return, do not send any documents. Keep all
1 }* E5 H" k2 O$ ]4 o+ D( X6 Iyour documents in case we ask to see them at a later date. |
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