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Please see the below detail:
0 m' c6 s+ E8 H- x% q" {) CLine 369 – Home buyers’ amount) {) d( g: {2 J8 Q
You can claim an amount of $5,000 for the purchase of a; B& O5 J$ O, b3 E4 C
qualifying home made in 2010, if both of the following
' W$ ?- ~# ?% ~# sapply:6 U3 D3 z" o9 Y$ Y8 g
■ you or your spouse or common-law partner acquired a
# p) u& i- Y2 Cqualifying home; and s5 C( K3 Q7 L# u; D0 h
■ you did not live in another home owned by you or your" w/ Z/ f3 }& x5 b2 U2 P- u. G
spouse or common-law partner in the year of acquisition# G- K& ?/ P, K* q- f3 M
or in any of the four preceding years (first-time
2 T$ a5 Q) X0 i9 e9 U! \) Jhome buyer).9 S; X8 y. B0 K8 Q/ a% C
Note2 Y$ Z, k" O0 ]2 y( v- U
You do not have to be a first-time home buyer if you are
% v( V, Z$ [/ a0 B2 z. Seligible for the disability amount or if you acquired the+ I+ ]3 L% ^5 t; z
home for the benefit of a related person who is eligible
3 g9 w& ~7 a% n) p! t/ rfor the disability amount. However, the purchase must
8 c" z6 @, Z9 n; bbe made to allow the person eligible for the disability
! ^+ k4 Y; H$ d6 U$ p$ H& ]8 y6 [6 Kamount to live in a home that is more accessible or better% w3 v& w- `' w$ w- f
suited to the needs of that person. For the purposes of& _2 b+ d5 b; E' k1 q( W% Z9 N# B
the home buyers’ amount, a person with a disability is
2 ]# `( O4 ^" F# M( man individual who is eligible to claim a disability amount: r) v3 J" s* j4 |' l- o3 f& Z
for the year in which the home is acquired, or would be* V; U7 t: L, a+ W7 N5 H
eligible to claim a disability amount, if we do not take. U" |, W$ j _8 `! k: J3 p
into account that costs for attendant care or care in a! i' U3 z* o# L7 Z
nursing home were claimed as medical expenses on lines4 D4 l- _$ E6 g4 r. d) @; J9 S# M
330 or 331.+ w- u' k4 W8 Q1 N, ^7 o
A qualifying home must be registered in your and/or your7 i) i- |+ J% s5 d; {
spouse’s or common-law partner’s name in accordance7 Z- b8 u: l5 E$ \9 a% n, @
with the applicable land registration system, and must be% k' ?% @* @3 e0 Q# q6 f( x3 {
located in Canada. It includes existing homes and homes
3 B0 ]* `. w( C" Nunder construction. The following are considered. N' n- v6 N" l" I! \3 T& _
qualifying homes:! y1 {. G; g! c. ^ q9 q$ T" P
■ single-family houses;
( l- e9 l3 @% D0 h■ semi-detached houses;- b3 o7 B% B/ X* ^
■ townhouses;
2 z0 d2 ?3 v* C7 H$ f% @' B■ mobile homes;& T$ ?( U1 a5 c9 {
■ condominium units; and
* C; a; s l3 T' t■ apartments in duplexes, triplexes, fourplexes, or
, T+ Y: D4 t6 _: w! @3 `' B8 Z% X$ Tapartment buildings.
" V/ l4 i! [. ]; JNote
2 H* c2 A$ t$ V$ S0 V% M2 Z" n" BA share in a co-operative housing corporation that. }9 A0 ^% `! D
entitles you to own and gives you an equity interest in a M3 ?* Y9 C2 c3 D% y( v
housing unit located in Canada also qualifies. However,
; K2 l1 H+ q; J/ P: _a share that only gives you the right to tenancy in the5 J6 }2 P2 i+ [+ N
housing unit does not qualify.
H+ d o" V0 r: L h9 z6 ]+ qYou must intend to occupy the home or you must intend( n6 W7 l+ y; ^* u
that the related person with a disability occupy the home as
% e$ G, o* g6 s+ }3 _5 pa principal place of residence no later than one year after it5 B" A; U$ |% H& z; ?
is acquired.7 W+ k; j4 K1 F0 |/ L# F- [
The claim can be split between you and your spouse or3 T) f, u+ A/ w1 ]5 I
common-law partner, but the combined total cannot exceed
/ a0 a7 C3 q" H C3 c$5,000.6 W4 |, r+ m8 u9 e- U z
When more than one individual is entitled to the amount
2 D( Z6 \! i8 y1 i- O0 ?(for example, when two people jointly buy a home), the
/ k3 F6 S; l0 z5 _total of all amounts claimed cannot exceed $5,000.
6 g8 \, z h4 Q \1 _) J0 dSupporting documents – If you are filing electronically, or
: x# Q. s4 Q! P3 L( D( [! yfiling a paper return, do not send any documents. Keep all: ?. v( \' r% v1 k
your documents in case we ask to see them at a later date. |
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