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Please see the below detail:9 S! f# |4 e, B& G( n+ F+ P
Line 369 – Home buyers’ amount3 `+ k; f! I6 y4 L4 `6 ]1 ?
You can claim an amount of $5,000 for the purchase of a: I& K, n/ J" J- D8 w1 t8 x
qualifying home made in 2010, if both of the following
% M+ J- y/ B L7 V) `% capply:
) F' |+ H7 r" S2 f# K■ you or your spouse or common-law partner acquired a/ l' U& m9 U! E" |1 B# c3 z
qualifying home; and
( \. w" L2 y( d/ P% |9 E1 ?2 V7 j■ you did not live in another home owned by you or your+ }# W3 K$ R2 F! x
spouse or common-law partner in the year of acquisition
$ @% |) J: _, ?# z0 Yor in any of the four preceding years (first-time
# M$ v9 U5 [; _' rhome buyer).
7 {& {* p, | u3 y) u4 }" W' q. ]Note: ?& W8 y! _. H) L
You do not have to be a first-time home buyer if you are5 f% B2 h& z9 P L h
eligible for the disability amount or if you acquired the `0 t2 |; E# d) o& w
home for the benefit of a related person who is eligible
3 w* C7 J; O: f4 m4 Ffor the disability amount. However, the purchase must
0 }5 G3 T0 V/ ~1 ?* {: Jbe made to allow the person eligible for the disability4 |: T, w v) u6 D
amount to live in a home that is more accessible or better
; V% f7 r0 _, N" h Gsuited to the needs of that person. For the purposes of
9 Z* R4 ]% V8 L% M) r4 o2 ~$ v* othe home buyers’ amount, a person with a disability is
: Z& I8 x- n0 H: Jan individual who is eligible to claim a disability amount
5 p8 F8 L. ?$ P/ Kfor the year in which the home is acquired, or would be a+ L0 e+ J% L7 Q$ d
eligible to claim a disability amount, if we do not take
6 i6 K: z8 D- ^( g5 Y5 jinto account that costs for attendant care or care in a D6 F/ m$ B9 G
nursing home were claimed as medical expenses on lines
0 f. o, r( y: r/ Q! J4 x% {7 k7 g330 or 331.
9 H7 N5 E$ O9 C- C. d+ DA qualifying home must be registered in your and/or your
: ^, M* H( x# M7 c3 W" Mspouse’s or common-law partner’s name in accordance
" x& d7 i/ H( t- Vwith the applicable land registration system, and must be9 n( Z2 x6 U, B c" F- }
located in Canada. It includes existing homes and homes
6 S7 S" G6 ] B1 Z( qunder construction. The following are considered9 o' S" @ _& D- r* u
qualifying homes:' q! p! {" z: o# l# L
■ single-family houses;
! f8 H. ~7 D- K6 z) A$ Y' o7 w0 E■ semi-detached houses;
" t6 |7 }- t5 @& L■ townhouses;! a5 t0 O% x- q* u3 d0 Y
■ mobile homes;
/ y0 [1 q. H# q w& z■ condominium units; and
& n8 i+ D, F: E, S! ?6 z& k■ apartments in duplexes, triplexes, fourplexes, or+ i% o; {2 n" `* U) k
apartment buildings.8 u$ Z, Q; S# N& J' e: P- M/ x
Note
) k% C' Z4 O# B) u& O! aA share in a co-operative housing corporation that6 e' P6 E5 ]2 d8 l( u) E
entitles you to own and gives you an equity interest in a
9 k8 W( O1 Y) r8 w9 z1 @5 Fhousing unit located in Canada also qualifies. However,, l9 S, u* ?9 T7 S% d4 |
a share that only gives you the right to tenancy in the
* W3 X) Z( y r7 }housing unit does not qualify.
/ h8 c( c5 m9 `& d5 HYou must intend to occupy the home or you must intend
7 a ?- A% O2 M2 b6 d) Rthat the related person with a disability occupy the home as
( t" P8 ~6 I4 R7 n& r% p1 \a principal place of residence no later than one year after it
2 ~: {. V% j4 j2 @# ?( I, Ais acquired.; `4 G& I- X1 B1 d; a/ b/ f
The claim can be split between you and your spouse or9 }. R" y+ d* N! c$ U5 B/ h% j
common-law partner, but the combined total cannot exceed6 n: `6 f) e/ f$ z6 K P
$5,000.6 [% U* `' \: |$ }9 H/ S# n$ q
When more than one individual is entitled to the amount6 y$ X% W3 o. y5 u8 e$ m
(for example, when two people jointly buy a home), the+ `* U; w: [9 Q6 H' D1 t; S( r- g6 e
total of all amounts claimed cannot exceed $5,000.
2 j( H: m' q' A7 I( _Supporting documents – If you are filing electronically, or" N+ g! w1 E7 O
filing a paper return, do not send any documents. Keep all
: D2 z5 G% Q, d5 \your documents in case we ask to see them at a later date. |
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