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Please see the below detail:
$ d) D$ ^: L# BLine 369 – Home buyers’ amount
, q+ }6 g. h) l, f. b7 CYou can claim an amount of $5,000 for the purchase of a
" l% b, B3 n3 |% gqualifying home made in 2010, if both of the following
$ N' ~( L. @8 s2 o3 @) C% Eapply:
- Y) e2 ~, c& c3 q! x■ you or your spouse or common-law partner acquired a
& `3 \8 W: G9 }qualifying home; and2 s# K! r, S* b/ A* W* G9 v+ b3 c
■ you did not live in another home owned by you or your* `1 H! }; R. V! T
spouse or common-law partner in the year of acquisition7 \9 V; \: f) Z* L! I, g" F: T
or in any of the four preceding years (first-time, H7 Q e; ]1 d) r
home buyer).
, Z: [! B. M9 w0 \0 UNote
& i/ V' Z( g" g1 xYou do not have to be a first-time home buyer if you are
h/ l" }2 q( [/ d) j5 P( [eligible for the disability amount or if you acquired the
* l0 \: k5 W; J6 e2 ohome for the benefit of a related person who is eligible
+ o. Y) F% _# M& c" [. D% t+ |for the disability amount. However, the purchase must/ `( p$ z9 [) e3 o4 k
be made to allow the person eligible for the disability
: J4 m0 i D! u! J6 E5 {- Aamount to live in a home that is more accessible or better6 h9 Z9 a2 b$ D3 ^ _+ Y4 V
suited to the needs of that person. For the purposes of5 W" s6 `( N! I
the home buyers’ amount, a person with a disability is/ C; k: l; v1 v! L- k) S0 K
an individual who is eligible to claim a disability amount2 d6 f$ N4 F1 r3 i
for the year in which the home is acquired, or would be
8 e, G5 f5 [3 `, Q6 ]2 leligible to claim a disability amount, if we do not take$ G# |5 b0 Q- i# r/ X3 x
into account that costs for attendant care or care in a
7 P4 i/ \5 H9 g6 f* j) pnursing home were claimed as medical expenses on lines+ _7 f1 l, W: w- U
330 or 331.
4 ^4 P& O$ r. [; K1 PA qualifying home must be registered in your and/or your
G/ o; F, ~; [ m) Sspouse’s or common-law partner’s name in accordance
. ^5 ]* l: Q+ x6 h; Twith the applicable land registration system, and must be( V* P$ W2 o) S; ?; W2 @1 o3 H
located in Canada. It includes existing homes and homes% j5 R0 A4 s( w& c; _8 l
under construction. The following are considered) r. }" X% J1 M
qualifying homes:
$ h- V- X: k$ k7 f8 Q■ single-family houses;& q& N: T# P7 W2 ^4 p, }
■ semi-detached houses;
1 U% y% ~9 u- q% @$ k+ V■ townhouses;5 T; V$ `( ~- b( Q
■ mobile homes;: H& m8 T: Q' i0 \- j* C8 D1 q. r
■ condominium units; and' E- `+ [+ D) V$ W3 X' T) ~
■ apartments in duplexes, triplexes, fourplexes, or* ^( n, b$ n4 H0 }5 \6 X% {
apartment buildings.
g; @/ G! @. C4 a% R) fNote& O( L! F% f; a+ o2 w
A share in a co-operative housing corporation that
6 r' C; r- V, B$ Zentitles you to own and gives you an equity interest in a, W. w& L% ?. O$ u
housing unit located in Canada also qualifies. However,
; |/ e. t9 O0 `% f$ w6 Q0 F% Pa share that only gives you the right to tenancy in the( ~# Q. M$ q& }: C6 c
housing unit does not qualify., m3 a# f5 Y( L+ D& S& o
You must intend to occupy the home or you must intend# L* u: ^. R4 p- |
that the related person with a disability occupy the home as( y7 Q5 N G# u) o" R9 p
a principal place of residence no later than one year after it% |& c+ ?3 z' z8 b& ?+ |% O& ~! s7 q
is acquired. s7 k+ k. J1 H' L1 N
The claim can be split between you and your spouse or
% _- | @, k( O5 i+ t; n1 s+ ]5 w: Z: xcommon-law partner, but the combined total cannot exceed/ P) o& z! v2 z8 O3 v' O) J2 B
$5,000.
" ^* [, ~' ^3 W% h3 |6 RWhen more than one individual is entitled to the amount8 ~& j8 h5 P3 [4 p
(for example, when two people jointly buy a home), the. ~5 i: v) r& w8 i. ~5 P" g
total of all amounts claimed cannot exceed $5,000.
5 m0 D- [7 Q" C, w% L, s* R& tSupporting documents – If you are filing electronically, or& p% d; t* S4 k- f" ~ ^8 z4 }) M
filing a paper return, do not send any documents. Keep all
o4 l4 V F ?2 }( pyour documents in case we ask to see them at a later date. |
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