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Please see the below detail:
9 W& o! ^1 r X2 A0 v; y1 JLine 369 – Home buyers’ amount
2 V; U6 X5 A+ n* s4 _You can claim an amount of $5,000 for the purchase of a" S0 B1 F# |# L& I4 P/ ]7 X( n
qualifying home made in 2010, if both of the following' u$ {% S9 b- P3 J6 L# G
apply:
/ [- d' @4 A8 N) Q6 r. Y■ you or your spouse or common-law partner acquired a/ ~# f! A8 S4 Z4 b9 q
qualifying home; and
# H( R t7 p7 W `) J■ you did not live in another home owned by you or your
# I/ |) B6 z0 g; N9 ?spouse or common-law partner in the year of acquisition; [, n. |+ t, O c0 X
or in any of the four preceding years (first-time
6 V3 G s% H# Z# xhome buyer).0 k/ X: P2 i- o& T S1 E% c. d0 x+ p( I+ N
Note
& o$ y1 P/ t+ K' W7 }* q$ ^7 kYou do not have to be a first-time home buyer if you are' O- { S8 d$ i) v5 E9 w
eligible for the disability amount or if you acquired the
; ]3 z' p6 t4 q: W$ Uhome for the benefit of a related person who is eligible
, t9 E X$ L4 l- }for the disability amount. However, the purchase must
3 X9 W/ a9 x' ~+ s: d- Nbe made to allow the person eligible for the disability
% z5 P1 E8 t9 L/ ^8 `9 l$ Yamount to live in a home that is more accessible or better
/ i2 S" B. ^: K8 Usuited to the needs of that person. For the purposes of
. s6 X/ V; O: R3 r% Ithe home buyers’ amount, a person with a disability is
p: m7 X! u& n1 y6 g, Dan individual who is eligible to claim a disability amount- q# R4 l/ S4 l+ B! W
for the year in which the home is acquired, or would be
1 g0 o6 R/ E& v# `$ G! ]eligible to claim a disability amount, if we do not take
0 ^; O' Y! l' o4 w5 M, F1 Hinto account that costs for attendant care or care in a/ ?9 t2 |7 i7 c. e
nursing home were claimed as medical expenses on lines
4 a2 ?0 q; c4 }% s330 or 331.
5 x3 L2 W. [2 {0 C t) vA qualifying home must be registered in your and/or your. ` @0 j* \& F" h+ r% `$ y
spouse’s or common-law partner’s name in accordance+ @1 j' D! t u. p: x, p8 i
with the applicable land registration system, and must be
U3 q, l4 z8 e% Llocated in Canada. It includes existing homes and homes! F* r1 W% w/ O; ]& R' ~& O2 L
under construction. The following are considered
* E/ e/ x+ P$ O% A/ Z jqualifying homes:: C! [. _: p: ^2 c$ v. p
■ single-family houses;" o v3 ?# ~' a& C9 k1 t
■ semi-detached houses;$ L' t) _& c1 j# g; a
■ townhouses;
5 u) j5 A5 g( P9 @■ mobile homes;
* {* u7 p7 D, a9 C) E, Q k0 G: A■ condominium units; and
W% i$ V" R( y' r" Q5 x3 ]■ apartments in duplexes, triplexes, fourplexes, or+ {* a/ j. O( L$ a5 m$ O/ \5 m9 W
apartment buildings.3 o7 a9 z/ q0 {0 v" H
Note' P, E. r( l I1 D% [, x* ^3 _
A share in a co-operative housing corporation that0 ^9 n$ ?& ~7 a0 ~% s1 c
entitles you to own and gives you an equity interest in a9 G2 o( o; P3 b# u. v% Q8 Y, v
housing unit located in Canada also qualifies. However,
' V& I- E9 G4 e2 p% l3 l( o9 ^% `a share that only gives you the right to tenancy in the$ A, U& H: w; N g0 \0 `
housing unit does not qualify. y+ H6 i4 X% [" w3 s# I! s
You must intend to occupy the home or you must intend
) {, |) |$ p& \" D4 a7 Qthat the related person with a disability occupy the home as' S( D) O3 m+ ~- R% o0 Y
a principal place of residence no later than one year after it' Z5 X2 u6 H8 p( l b! h. x) i, m
is acquired.
* G# R% e% M: \& _) f2 G" UThe claim can be split between you and your spouse or+ C4 r s9 n) i& c3 {
common-law partner, but the combined total cannot exceed
3 ?2 _8 k+ R4 }1 t3 M1 s$5,000.2 Y% S/ Q( L$ F7 S0 n6 c
When more than one individual is entitled to the amount
$ F) k/ u) ]# }% d" s# r) e(for example, when two people jointly buy a home), the1 \5 h7 {' M' o! X+ F4 d( p& R
total of all amounts claimed cannot exceed $5,000.
( c0 s6 P: U' l( E& kSupporting documents – If you are filing electronically, or8 D# I `) y p& k+ a9 H' m) t! {
filing a paper return, do not send any documents. Keep all. G- W; z! ~. r
your documents in case we ask to see them at a later date. |
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