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Please see the below detail:
( J, }) a* ]% p5 N$ l! u" ^Line 369 – Home buyers’ amount" p+ j6 w/ l4 _; F, v+ f
You can claim an amount of $5,000 for the purchase of a, A, R' C- s+ J" a) d- j) q
qualifying home made in 2010, if both of the following
& z2 w7 ~% `$ N- [apply:
! L/ H5 j; e$ {1 q1 L■ you or your spouse or common-law partner acquired a
$ O6 e T# ^0 ]+ i$ [qualifying home; and
8 v& ^0 \# h: X; V0 h■ you did not live in another home owned by you or your
. {: {& y, j% b" ~: tspouse or common-law partner in the year of acquisition
! }2 a' w( [& m6 p& W- i* [1 Oor in any of the four preceding years (first-time
9 w2 m0 j8 T) V; Lhome buyer).
/ d: H/ F/ `: ~1 W; FNote- }6 A+ B+ F5 y. T; f( p
You do not have to be a first-time home buyer if you are
, a: `8 i- z+ \6 l& `1 D& j# Yeligible for the disability amount or if you acquired the
, J9 w; q- p; e( w1 K+ _home for the benefit of a related person who is eligible, k6 h2 W' ^8 `* | B# T
for the disability amount. However, the purchase must
! e! c9 v5 y+ b* w( @8 n* [# obe made to allow the person eligible for the disability
' R% |7 a: u9 H0 k4 ^! [3 Bamount to live in a home that is more accessible or better
+ n6 ` E" w4 ]( W0 T9 k4 _1 Nsuited to the needs of that person. For the purposes of
' \& K4 k' q' D5 \( w8 l2 n# p+ Rthe home buyers’ amount, a person with a disability is! p( X! P1 r. U+ H9 V* y
an individual who is eligible to claim a disability amount
2 H; u3 E* c. Q4 u) ]for the year in which the home is acquired, or would be x% @9 V" L' t( [0 g9 c& z5 C
eligible to claim a disability amount, if we do not take
' j7 a) u6 j( g: ?/ ^into account that costs for attendant care or care in a9 N6 J2 o8 o( I) E' G, o
nursing home were claimed as medical expenses on lines# ]' g. K8 ^8 I6 \
330 or 331.
1 ~, u* [! ^+ ?4 _A qualifying home must be registered in your and/or your
% f& Q5 Y" |$ h$ j: o7 Sspouse’s or common-law partner’s name in accordance2 Z; w$ R+ s3 E* V. u0 d; |
with the applicable land registration system, and must be
, E1 m( F* w3 glocated in Canada. It includes existing homes and homes1 M4 x) q: n) P" Y. N9 ^
under construction. The following are considered
/ f* }2 `, v# R" rqualifying homes:9 F" |! U* b. W, U. ~+ O' i! |
■ single-family houses;5 K% O9 ?+ n) o( L! Z! F
■ semi-detached houses;
! n" A+ h4 Z+ W, M& `. x% Y4 u■ townhouses;
: t, ^% g, J9 {: W, n1 l" _; Z■ mobile homes;
. M0 V/ C7 t' H' N3 E9 g■ condominium units; and$ q4 s! c9 W4 y8 U$ V: P) e4 |
■ apartments in duplexes, triplexes, fourplexes, or, O, S: C3 l4 ?! ]
apartment buildings.: H" p( N n" S
Note
4 `2 t: m5 f, B/ C: K- f" wA share in a co-operative housing corporation that( t* V& h' a; U' z& V
entitles you to own and gives you an equity interest in a
}* q" }, H1 ^# z, F6 `/ Ghousing unit located in Canada also qualifies. However,
o4 ?) I# p, P+ Oa share that only gives you the right to tenancy in the
% o* e9 |% n2 f! u$ a6 g% \housing unit does not qualify.
3 G- Q8 _- i% wYou must intend to occupy the home or you must intend
# H: n9 L3 F# Pthat the related person with a disability occupy the home as3 _! D$ i, j" a! x% N4 a
a principal place of residence no later than one year after it+ j/ X n: Y' D" K
is acquired.
+ Y" m- t( R( }+ c2 ?( _- g7 u# |The claim can be split between you and your spouse or
7 n$ l1 i0 Y: `3 N! o1 m+ ]/ ^common-law partner, but the combined total cannot exceed
# e4 T' q* b9 K$ J2 i$5,000.0 H6 D6 _8 Y. ^* I L, G
When more than one individual is entitled to the amount' h% k! j& b( a' _+ H( ^4 Q9 h& w
(for example, when two people jointly buy a home), the3 \8 d4 _4 P9 U' \. u9 U
total of all amounts claimed cannot exceed $5,000.
7 {% i3 I v! \& N0 ^; wSupporting documents – If you are filing electronically, or; J. f4 S& [8 t- w* e3 F6 Y
filing a paper return, do not send any documents. Keep all
4 v7 i" S5 G+ k2 ]$ ?8 | Syour documents in case we ask to see them at a later date. |
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