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Please see the below detail:5 ]# y& o: B' S! x. J
Line 369 – Home buyers’ amount. @, Q2 _) F* G, Z4 a& }- Q
You can claim an amount of $5,000 for the purchase of a& [7 s& \0 S& v; [0 v3 _
qualifying home made in 2010, if both of the following8 Z4 \) P) Y0 [% P. t
apply:( l7 j; K# O7 Z r
■ you or your spouse or common-law partner acquired a
( l6 E9 c* {6 M5 ]( R: _' squalifying home; and0 A' ~' y t- @6 K7 c; c
■ you did not live in another home owned by you or your
' i) s9 v- a( e% Wspouse or common-law partner in the year of acquisition* z7 m1 Z6 ^% Y2 h% [0 j
or in any of the four preceding years (first-time
9 o" V) ~' ?* {) ~$ l, Nhome buyer).
7 Y0 e) `7 o5 E# KNote
: p) v) |4 o/ E8 W; X' VYou do not have to be a first-time home buyer if you are
7 b/ a" [) N5 @eligible for the disability amount or if you acquired the4 e+ e& i9 ]7 L# Q
home for the benefit of a related person who is eligible
3 u: g; X6 ~8 E6 dfor the disability amount. However, the purchase must6 I7 j6 s/ G5 v, [/ r
be made to allow the person eligible for the disability) ]( W2 ^" ]1 W) }. D* g1 k% w1 [
amount to live in a home that is more accessible or better! D/ w6 I( }4 ~: m* T" J' W
suited to the needs of that person. For the purposes of
+ Z! @% H3 \$ B: Jthe home buyers’ amount, a person with a disability is
2 X4 ]" P1 V' H( O e7 Nan individual who is eligible to claim a disability amount
+ z$ Y, w% j: `" C+ p# x# dfor the year in which the home is acquired, or would be8 f! q8 a" S; ?- B2 q5 }
eligible to claim a disability amount, if we do not take
! H" V! F+ K9 C' xinto account that costs for attendant care or care in a
- c& A- l8 x* i/ q+ Snursing home were claimed as medical expenses on lines" l8 ?/ J" W8 t" U3 o
330 or 331.
3 q6 f5 I) j2 EA qualifying home must be registered in your and/or your
7 g: [6 ?/ {6 I/ Vspouse’s or common-law partner’s name in accordance
' a( z1 v& f4 G \with the applicable land registration system, and must be
/ @" ~8 ?9 B4 S f* e# Klocated in Canada. It includes existing homes and homes, o+ X: z( v; T* j. z: {! ^
under construction. The following are considered
- }0 r- [) u V% `1 W# Z& Cqualifying homes:1 a2 B% D* B5 q1 c$ c
■ single-family houses;
, R; x( v9 I: K9 d0 B6 r■ semi-detached houses;; N) V- x8 m2 {8 l& c( A( E/ l
■ townhouses;( r0 O9 K8 }8 L
■ mobile homes;
2 x3 s" J$ b' c3 w■ condominium units; and
6 @1 b" l# A$ B0 Z■ apartments in duplexes, triplexes, fourplexes, or+ _ f& `" |" p3 D. Z$ g' z
apartment buildings.5 X5 a v! Y, Z' \' v m7 J
Note
/ E6 g \+ h P) Q% J/ ?4 K4 sA share in a co-operative housing corporation that* g& ?! @$ V; z2 t# m: u
entitles you to own and gives you an equity interest in a- y, B* {9 @, b" Y1 d- B7 D# u
housing unit located in Canada also qualifies. However,4 n$ V# f" Z' i3 B
a share that only gives you the right to tenancy in the+ U$ Z! D, X) A* d7 W+ f9 l; {" V6 \
housing unit does not qualify.
8 O1 \: h" E [6 zYou must intend to occupy the home or you must intend
E5 x- A, _% `, |* q" \that the related person with a disability occupy the home as6 }' w) ? d& y d" J' U+ F
a principal place of residence no later than one year after it
5 S) w! T1 K5 a; B) ?is acquired.
7 K1 M- `1 ?. R$ K$ H9 nThe claim can be split between you and your spouse or
5 W! s& n2 r* h2 c( U) E' X$ Mcommon-law partner, but the combined total cannot exceed
0 p! J9 m- a* d2 J$5,000.1 Z+ f+ ]; _5 C5 I
When more than one individual is entitled to the amount
" a9 R* Z" b. X(for example, when two people jointly buy a home), the
( K' E3 q" Z4 @( ototal of all amounts claimed cannot exceed $5,000.
* g8 L2 L& W# g LSupporting documents – If you are filing electronically, or
+ e H& F0 N: p: g/ xfiling a paper return, do not send any documents. Keep all
" k5 p1 Q+ s' n {: Kyour documents in case we ask to see them at a later date. |
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