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Please see the below detail:
8 A0 H2 S, y" }3 fLine 369 – Home buyers’ amount
" M! M* s$ A3 aYou can claim an amount of $5,000 for the purchase of a: N4 E/ ~$ f; W Y. X& l/ E% }
qualifying home made in 2010, if both of the following& r2 c2 L% Q, [! I# C
apply:3 R* N* i' A: c& ^% r/ a0 X" [
■ you or your spouse or common-law partner acquired a N6 K" i8 R( _6 T3 L5 {
qualifying home; and
1 U$ |3 @- Q2 X8 U: @■ you did not live in another home owned by you or your
; e7 k3 m1 T& W, B; _" w. o* Mspouse or common-law partner in the year of acquisition1 a9 u- W1 d9 V; w
or in any of the four preceding years (first-time
x* r5 K; ?, v6 J' hhome buyer).* f8 F* E; p1 H6 r3 R/ ]
Note: }2 C: K5 y+ b) w
You do not have to be a first-time home buyer if you are2 e; \/ |/ h' L
eligible for the disability amount or if you acquired the
# s' y. }! s. j9 X1 `# s h7 Vhome for the benefit of a related person who is eligible+ b7 p* x V( y! I1 p
for the disability amount. However, the purchase must- Q% ]) n0 n7 E5 \' Z4 l5 E# x* f
be made to allow the person eligible for the disability
& m0 Y' p/ K. n- a Mamount to live in a home that is more accessible or better
$ w5 G* s3 r2 B* i$ ksuited to the needs of that person. For the purposes of
$ g5 v- {/ `0 Fthe home buyers’ amount, a person with a disability is
" P$ F* |6 v, Ian individual who is eligible to claim a disability amount
3 x% H5 l$ Z$ ^& l# K0 \5 kfor the year in which the home is acquired, or would be
) | f4 ]9 F) q2 qeligible to claim a disability amount, if we do not take
3 A' m- j5 [8 E) l. Tinto account that costs for attendant care or care in a8 f2 J3 n4 _: b3 d6 s* y! ?
nursing home were claimed as medical expenses on lines1 \4 M1 A0 O, _, V; A/ U, j
330 or 331.
: J# B5 P" j: h/ CA qualifying home must be registered in your and/or your
$ x0 _8 d0 A4 d. H. @2 j# sspouse’s or common-law partner’s name in accordance& t' b0 L7 q; P* u8 h& A/ _0 J% E
with the applicable land registration system, and must be- F0 \4 f( g( W( v7 K, \( L; [# |
located in Canada. It includes existing homes and homes
5 Z- W9 Z C& |: ?" ~under construction. The following are considered! m* L+ U4 z6 U6 V" O \
qualifying homes:) T$ m5 n2 t$ r) ?" \) r/ p
■ single-family houses;
, p# F5 i! m2 c■ semi-detached houses;
, L3 Y) h4 x, j4 {■ townhouses;
& A- W6 y* Q3 f■ mobile homes;0 ?, g: |0 g0 b/ }: N, I4 b" V
■ condominium units; and
1 k( l9 s# @0 w■ apartments in duplexes, triplexes, fourplexes, or0 T$ H, c/ ]1 x7 R. H1 N4 v
apartment buildings.
; \: `5 M G* [" J4 uNote
; U( l; C. j( A$ v6 c! J) EA share in a co-operative housing corporation that% g& f6 b. ^1 i: t6 e4 Q6 w
entitles you to own and gives you an equity interest in a, G$ Y, f8 ]% P
housing unit located in Canada also qualifies. However,
# A0 o* l: ], I1 G0 oa share that only gives you the right to tenancy in the3 s o) K6 `7 q; I
housing unit does not qualify." B H! y8 Q) k X3 T
You must intend to occupy the home or you must intend- K; R9 ^" j5 C v; h
that the related person with a disability occupy the home as# \! i @; _0 l1 F% M
a principal place of residence no later than one year after it7 w# v1 _2 f) N8 Z
is acquired.
) | U0 w. ?0 r% |: }0 w% RThe claim can be split between you and your spouse or( Q8 @( }4 H: y$ S3 ?% A: }8 t
common-law partner, but the combined total cannot exceed, o6 z- i* U' [( W+ ?
$5,000.4 Q& ~& e+ c8 k) H0 i* S {
When more than one individual is entitled to the amount
$ k7 k% f; ?- l+ x(for example, when two people jointly buy a home), the
4 Y! Q6 h5 f2 l; [+ {$ K2 htotal of all amounts claimed cannot exceed $5,000.
% {, O: F: L) \Supporting documents – If you are filing electronically, or$ ^$ {; S- n6 V7 L( n1 @8 c* w
filing a paper return, do not send any documents. Keep all9 f( N3 _5 v1 P5 S' Q- S: K" A
your documents in case we ask to see them at a later date. |
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