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Please see the below detail:
; Y2 U3 X) c! K4 V# LLine 369 – Home buyers’ amount
& Y$ P# G9 o+ o( Y0 y/ e0 NYou can claim an amount of $5,000 for the purchase of a
3 C5 |! l; R+ W& `: [ Y& Fqualifying home made in 2010, if both of the following6 Y- i( H- l( J
apply:
5 Q! Z# k% \6 ^2 R2 s■ you or your spouse or common-law partner acquired a7 @$ [: f) ?! Q7 e
qualifying home; and4 C$ \' y: o8 E6 ` _4 k' W: S
■ you did not live in another home owned by you or your( M e7 @6 j" d- ^6 C8 V# R
spouse or common-law partner in the year of acquisition
/ ?% p2 n& u' B& q+ a& ?or in any of the four preceding years (first-time
5 a8 A; ?. Q( qhome buyer).
4 c( `! ~( Q" \) QNote8 A ~1 q* n- r5 z* H; s8 v
You do not have to be a first-time home buyer if you are
" A2 C6 R8 {- r/ P( z' `eligible for the disability amount or if you acquired the
' h, r" p# ]. c: \# R, Phome for the benefit of a related person who is eligible/ H8 h/ ^ n/ {$ Z0 f+ J
for the disability amount. However, the purchase must% A5 F* r) Y0 ]! i
be made to allow the person eligible for the disability
- w. {: @, O- f, \/ {' { }amount to live in a home that is more accessible or better
9 R. [3 h1 L8 o1 b/ ]1 U& V. @suited to the needs of that person. For the purposes of
/ `6 O7 `8 _; q9 hthe home buyers’ amount, a person with a disability is
! Z$ F, F1 S7 s% pan individual who is eligible to claim a disability amount
" @6 }& `2 r2 ^% P( h' X0 ]9 vfor the year in which the home is acquired, or would be$ ~, `* j) P; \- ~# d# Q6 q
eligible to claim a disability amount, if we do not take% C- n5 J: t! h" `" b
into account that costs for attendant care or care in a) _* [9 M- w" t- F' x2 ~
nursing home were claimed as medical expenses on lines
" t7 m, `2 a: m2 W# Y0 ?330 or 331.5 x& h5 A: I3 m, \
A qualifying home must be registered in your and/or your- S( A8 s( ]7 c! `) U2 ^
spouse’s or common-law partner’s name in accordance1 c! Q+ a9 |3 \* T& R/ O" u2 O
with the applicable land registration system, and must be. m7 q v- d6 D9 [
located in Canada. It includes existing homes and homes
) i! Z/ R8 B; junder construction. The following are considered
% S, e2 J+ X8 `% f* P! Rqualifying homes:. i1 C' |9 i- f( @* v3 r3 a' e
■ single-family houses;
& i- a: k( t* e2 @2 @: N# \■ semi-detached houses;
& Z" h3 ], y8 \% _■ townhouses;+ O8 Y6 s0 x5 V. ]
■ mobile homes;8 D n/ N P) P" T4 }4 {7 V
■ condominium units; and
2 F$ D( I( D0 I■ apartments in duplexes, triplexes, fourplexes, or
$ \2 b- H0 f( S0 D$ _apartment buildings.5 c. D/ j/ D$ W7 \& P1 @
Note5 L7 z3 {/ C3 [( n* d: j9 V" c: A
A share in a co-operative housing corporation that
M/ [4 S2 t/ G* E. [6 a# ^entitles you to own and gives you an equity interest in a
, v, D" W: N9 C" ?; rhousing unit located in Canada also qualifies. However,
- Q6 v' M5 R" U) S9 @0 o3 @a share that only gives you the right to tenancy in the4 F: F( c% T8 A2 l4 z/ L
housing unit does not qualify./ f& }& b1 t8 O9 M i+ n4 F
You must intend to occupy the home or you must intend. e* @' P/ P+ i7 U! a, t
that the related person with a disability occupy the home as
* i3 g1 b2 m% oa principal place of residence no later than one year after it( N1 v0 j0 @. X0 w9 P5 \0 x
is acquired.2 P9 m$ i% Y6 m2 |- q
The claim can be split between you and your spouse or
: C# p* ~) o% p2 Zcommon-law partner, but the combined total cannot exceed
. x8 l% }' V4 T& I- B$5,000.* q" K4 W# {7 l' _3 A% i% E
When more than one individual is entitled to the amount
( D* o- Y4 {0 F# `; }3 G( E! U(for example, when two people jointly buy a home), the
* A) m4 `6 x& C* l' btotal of all amounts claimed cannot exceed $5,000.4 B* `% F+ ?+ P" }% K" y9 K6 P% W
Supporting documents – If you are filing electronically, or
1 m5 a4 h1 x( }3 k9 Zfiling a paper return, do not send any documents. Keep all
2 u4 Y' A9 [( ~- f1 ^2 yyour documents in case we ask to see them at a later date. |
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