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Please see the below detail:6 n1 ~1 `) O" }8 G3 e
Line 369 – Home buyers’ amount
5 p$ i& h( g, T7 j1 T6 ^, I- vYou can claim an amount of $5,000 for the purchase of a
' L$ K# U& f0 n0 A1 Jqualifying home made in 2010, if both of the following1 i- T' V2 r% E! S5 }4 F: {5 X2 Z
apply:
" {, B! v3 Q2 `. n■ you or your spouse or common-law partner acquired a& O# i6 \1 `/ {
qualifying home; and" }; }3 ?/ h% A4 P8 S2 e
■ you did not live in another home owned by you or your
' a% M+ t B) @' f- M% Uspouse or common-law partner in the year of acquisition/ _! J0 P: n" F( k2 V3 ~! U
or in any of the four preceding years (first-time9 v$ x" \$ V) Q. a3 l" J$ t$ W# O
home buyer).
3 Z: A e5 J2 I n& E+ T( `Note/ o, M* ~5 X/ J
You do not have to be a first-time home buyer if you are& X, v. c2 e) @" Q4 R
eligible for the disability amount or if you acquired the, R( r# \( Y3 J" D% k* c- Q
home for the benefit of a related person who is eligible
8 p1 Q" P; V' {$ _, j. l* M8 m; ~. {# mfor the disability amount. However, the purchase must# S2 B% h9 M2 @- D8 n
be made to allow the person eligible for the disability0 \& E" }7 d/ J
amount to live in a home that is more accessible or better
% X9 r6 U# a) H3 t% Osuited to the needs of that person. For the purposes of6 W* K$ f/ t. R) I# S& ~3 p
the home buyers’ amount, a person with a disability is( t3 z1 D$ t. Z5 i
an individual who is eligible to claim a disability amount
; ?& y+ L: f' ], r% v+ nfor the year in which the home is acquired, or would be; U2 L8 r- Y W. K6 S( K
eligible to claim a disability amount, if we do not take
, X" H" C- m7 d0 b+ a6 H" Ointo account that costs for attendant care or care in a! c4 T% O: I" }1 y2 R
nursing home were claimed as medical expenses on lines; V* X# ~) P/ C4 d6 |0 B1 k7 _" n
330 or 331.& ~% k b- F0 k1 `3 ?
A qualifying home must be registered in your and/or your
& ^) J- \3 c- Z6 U* espouse’s or common-law partner’s name in accordance# c9 Z5 j+ L9 E$ `5 E; |
with the applicable land registration system, and must be# Z2 m( r) _$ L* N
located in Canada. It includes existing homes and homes
4 b( B1 A {8 gunder construction. The following are considered
1 d) e1 i6 ~ _% nqualifying homes:: k+ @9 @1 O5 J6 f: V" e2 {+ ]
■ single-family houses;. }2 U$ g0 K6 w. q. K. e c+ N
■ semi-detached houses;" b8 u) \( @& e; N
■ townhouses;- p: e& ^* M& O: w
■ mobile homes;' C [$ X1 n* v, L& E7 e8 V
■ condominium units; and
$ X* {& z1 J* p0 a$ a■ apartments in duplexes, triplexes, fourplexes, or
0 d, @1 |0 a8 @+ k8 b9 P' rapartment buildings.
; l. P( m$ f& Z% YNote m) {( [3 a6 M' _% F9 D) N
A share in a co-operative housing corporation that
; o! t' r% i( `4 W3 |$ y- Y. Aentitles you to own and gives you an equity interest in a
% {) u2 o8 ]; t1 M) Yhousing unit located in Canada also qualifies. However,+ D6 u1 y" p2 H) d7 _2 T
a share that only gives you the right to tenancy in the( O: l! d3 [/ X' m* J
housing unit does not qualify.
+ P! c9 e2 D6 x9 s; iYou must intend to occupy the home or you must intend/ W n: {- P9 n' k
that the related person with a disability occupy the home as" V9 E+ }3 Y' r; }
a principal place of residence no later than one year after it% q# N2 D. N# i( Z3 Z4 Z* o" [4 K
is acquired.7 R Y) _' Y) C# K6 K2 V2 q5 y2 h
The claim can be split between you and your spouse or; {# n) Z- C% g, b4 C& c
common-law partner, but the combined total cannot exceed
% b6 B# V. j( g( r$5,000., [2 M' i& r: X) f" [8 T5 M
When more than one individual is entitled to the amount+ {6 O X% |* z5 ~
(for example, when two people jointly buy a home), the
+ ^+ y: S! N: x2 r1 {) Wtotal of all amounts claimed cannot exceed $5,000.
6 h( l. m: S1 g! f& bSupporting documents – If you are filing electronically, or
% S% K" f, ]/ I9 L- V3 Jfiling a paper return, do not send any documents. Keep all. N7 U) p+ x- W l0 \( X( O
your documents in case we ask to see them at a later date. |
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