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Please see the below detail:2 s. T- I8 L2 F* \
Line 369 – Home buyers’ amount& j: L0 W6 y) p
You can claim an amount of $5,000 for the purchase of a7 v/ y8 D& }( y2 a8 q- f7 c
qualifying home made in 2010, if both of the following
" m0 P! I4 Q+ lapply:
L' M: A' _5 K) R! }■ you or your spouse or common-law partner acquired a0 [; c, C9 P2 {# F* S2 x: U& p! W+ m
qualifying home; and
) z6 ^' }1 t& }5 C■ you did not live in another home owned by you or your
9 r2 A, G& C) x# P1 f9 a* hspouse or common-law partner in the year of acquisition- b( t2 N# ]8 Y: T: N5 Q; R
or in any of the four preceding years (first-time
1 r- w( x1 D0 }: Phome buyer).
" w4 P3 `) v4 L: b) c. B" LNote
- m: l9 j) K9 S9 @6 WYou do not have to be a first-time home buyer if you are& S0 n/ y$ {6 N% z1 m$ _" Q
eligible for the disability amount or if you acquired the' g4 }* i" m4 ]" {% ^7 D0 b1 Q
home for the benefit of a related person who is eligible
& x& e& k" H1 c. R% \2 ?for the disability amount. However, the purchase must' ?3 ~3 |& q+ D1 [, b
be made to allow the person eligible for the disability- M$ b7 a u" Y) m
amount to live in a home that is more accessible or better- x$ C* u' v0 Y% Y' G) m) L# s
suited to the needs of that person. For the purposes of! _7 i+ S, @& e4 W. i( s
the home buyers’ amount, a person with a disability is
3 p3 {- N9 |+ c' o" H: f0 Gan individual who is eligible to claim a disability amount
7 Y$ g. t% l7 A0 A5 G) O4 ~6 l) S, a6 Xfor the year in which the home is acquired, or would be7 w. k& I W% D. i( B& Q0 _
eligible to claim a disability amount, if we do not take
4 z8 H- W/ F3 q( `; Ninto account that costs for attendant care or care in a
, j. y( I$ L |" g" W4 Gnursing home were claimed as medical expenses on lines
, Q! V0 @) L. G9 i% i. w3 l: C330 or 331.
0 ?+ d. z% J+ E( S* tA qualifying home must be registered in your and/or your
0 o8 K# c3 ?) d( ~6 e: dspouse’s or common-law partner’s name in accordance
& q5 X& K+ z0 g3 _$ E% lwith the applicable land registration system, and must be6 j5 l7 e: x$ _/ f+ o3 |# A
located in Canada. It includes existing homes and homes
' r# d" E" E4 wunder construction. The following are considered
) R: @/ k8 c7 t- ?4 v" hqualifying homes:
0 d# y$ c- B% h4 `6 j# f■ single-family houses;
0 u' g) A8 a) m8 v' ?1 t/ x. R■ semi-detached houses;
: ]- X5 q: m, L! T( _! @■ townhouses;7 v* D& M8 c" j, s& V4 g
■ mobile homes;* c% `0 N# ^7 s4 {- K: C
■ condominium units; and- T7 n! B/ O1 V) H% V
■ apartments in duplexes, triplexes, fourplexes, or6 K u5 S: C) W0 j9 F# {
apartment buildings.
! A4 z9 q$ V" q% t1 |0 z" bNote- Z2 `5 n3 ~* N4 k. m
A share in a co-operative housing corporation that
- L1 K; E& o+ M4 Sentitles you to own and gives you an equity interest in a: |5 U% o0 f6 B- m# ?, O
housing unit located in Canada also qualifies. However,% G; n( m! C8 S4 L" D" [+ X0 z5 H
a share that only gives you the right to tenancy in the
3 ~3 [0 ?" ?9 y+ e+ @3 Rhousing unit does not qualify.6 d2 T/ H& k: \4 t3 T3 n- [% ~. {
You must intend to occupy the home or you must intend
# p0 T8 j4 P" y! w/ jthat the related person with a disability occupy the home as) I. G, g( `* d/ _/ J$ k
a principal place of residence no later than one year after it
2 c, I8 r( P' K% v8 T. Uis acquired.; B F; @5 b _5 `% v/ F! H
The claim can be split between you and your spouse or
2 G1 N4 r+ x d6 Ucommon-law partner, but the combined total cannot exceed
0 p+ z3 l2 k/ l$ m$5,000.
2 ]6 B9 t/ G( }( jWhen more than one individual is entitled to the amount% `% _& H0 R8 D+ x
(for example, when two people jointly buy a home), the- _ C/ G% F8 O" f0 G2 a
total of all amounts claimed cannot exceed $5,000.+ u5 R* x( |" Q
Supporting documents – If you are filing electronically, or
9 ?+ V( `, Z% D5 ]7 F; T0 Pfiling a paper return, do not send any documents. Keep all# p% f% g+ P( w$ B g I
your documents in case we ask to see them at a later date. |
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