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Please see the below detail:( F1 Q7 p+ Y6 f4 R$ Y3 w- E
Line 369 – Home buyers’ amount1 I' y6 j; A) _. E' Q2 l7 V: @
You can claim an amount of $5,000 for the purchase of a
# y4 w7 @+ S$ n9 w+ V' \' pqualifying home made in 2010, if both of the following% E: a- _0 ]8 }/ U7 ^7 s* i$ B* X
apply:. ^% b5 F0 X; T) \2 B- S
■ you or your spouse or common-law partner acquired a
% p0 y5 s, h2 m' B9 Rqualifying home; and+ M; ?( D5 a1 k4 d
■ you did not live in another home owned by you or your; `/ b) I# U1 ?, p/ Q; q3 G$ @. t# e
spouse or common-law partner in the year of acquisition
+ r% n9 ?# C& T- ^or in any of the four preceding years (first-time" K+ R# I% x2 O8 H6 \. S
home buyer).
- C, b$ P% ?" S" M9 ^# DNote7 R1 {* ~# @3 x" ~- v
You do not have to be a first-time home buyer if you are/ W( t4 |" ]+ E1 Z
eligible for the disability amount or if you acquired the
3 [, d0 W" ?! ?4 X6 d/ A4 Chome for the benefit of a related person who is eligible% M9 \6 T2 [$ s2 }7 r" f2 F" i# S
for the disability amount. However, the purchase must: ~4 G# F% t$ O/ I" F
be made to allow the person eligible for the disability
& s6 H3 e4 S% g8 {& C8 J- vamount to live in a home that is more accessible or better/ L. P$ o* W9 w. G* w' L
suited to the needs of that person. For the purposes of
) c; `# h4 p* O2 ythe home buyers’ amount, a person with a disability is
7 W- H- H6 X$ t4 J3 R( I8 S: lan individual who is eligible to claim a disability amount4 Y0 Y1 m, g% X. V5 w$ i B# ]
for the year in which the home is acquired, or would be
2 v: q$ E" y0 q1 ]eligible to claim a disability amount, if we do not take
: ^, ^/ E- }5 ?; c( Cinto account that costs for attendant care or care in a
' Z# n: k" E3 I Knursing home were claimed as medical expenses on lines% X1 l1 a4 k: w7 J0 M4 J2 f
330 or 331.6 C6 `) u9 V# u0 z! a/ T% k
A qualifying home must be registered in your and/or your) H1 L2 O+ p3 ~5 f( `9 q
spouse’s or common-law partner’s name in accordance9 Z* s# w. U; m; ?' q' z
with the applicable land registration system, and must be& l6 I! p$ ]8 |
located in Canada. It includes existing homes and homes- J, K1 [ j0 H. u# U
under construction. The following are considered/ }8 C. O' e# C- v3 L
qualifying homes:7 u `. d6 _' m4 E& b. X3 Z G: V
■ single-family houses;' H. j/ [* d+ s- ^3 E1 z8 `9 x
■ semi-detached houses;: X& d. p3 X. c5 v/ i
■ townhouses;
& j$ ^: a' V& ?■ mobile homes;. ^; h4 T0 Y9 Y+ G: \
■ condominium units; and- a- p: ^6 Y7 }7 P9 u! d
■ apartments in duplexes, triplexes, fourplexes, or
1 ?' o5 y! L& I4 _& E6 aapartment buildings.( a9 E6 U/ b Z: x) L- M0 ~
Note
7 ?2 D2 _$ O4 T$ H* GA share in a co-operative housing corporation that% I4 K7 {9 o4 W! X
entitles you to own and gives you an equity interest in a
! _- r8 n% y" Z: z# t( {0 jhousing unit located in Canada also qualifies. However,+ B- n2 s1 j9 x( i% S$ o. G: N! f X: q
a share that only gives you the right to tenancy in the8 {2 b; o# [* L. n
housing unit does not qualify.
" _2 I% {8 u0 u5 L9 \. ]You must intend to occupy the home or you must intend6 ~8 w; \$ Q. x5 p) H! u
that the related person with a disability occupy the home as
/ v) g. o& m/ q3 _a principal place of residence no later than one year after it
2 Z& u- b) @0 ]5 Gis acquired.0 f, n! f4 `/ W. U0 u0 \' }
The claim can be split between you and your spouse or
. @0 S; S* m$ j6 I" n5 Ocommon-law partner, but the combined total cannot exceed
: _ X M% x& p8 C: O$ t) \9 U$5,000.
) u- }# l/ b0 D$ UWhen more than one individual is entitled to the amount3 l# w/ I+ N& Y, Z- F9 M
(for example, when two people jointly buy a home), the
% o- J4 W7 c/ H: M" i8 ytotal of all amounts claimed cannot exceed $5,000.
" d2 G* @5 P* |Supporting documents – If you are filing electronically, or
8 C5 B$ g6 L9 h4 I; ufiling a paper return, do not send any documents. Keep all, W' E& E8 `0 T6 x5 |$ D) ^0 k
your documents in case we ask to see them at a later date. |
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