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Please see the below detail:4 R$ {* R" T/ ?4 i
Line 369 – Home buyers’ amount/ s8 G: Q4 g) J- [4 q$ A
You can claim an amount of $5,000 for the purchase of a* @" F: K$ H4 K* t- J+ @6 b4 M
qualifying home made in 2010, if both of the following
/ _" ^4 h; u4 T- n5 dapply:; `, m( G& r* ~/ s1 b
■ you or your spouse or common-law partner acquired a
4 I& m S' J! Jqualifying home; and# ?; n; V/ u% `8 n0 w, [
■ you did not live in another home owned by you or your% a' U0 f5 x9 p( U. J- Z# V+ J4 Q
spouse or common-law partner in the year of acquisition
& f% W) v- @# B D% _, {' r' [% Wor in any of the four preceding years (first-time
8 W9 L$ N3 A! R/ j/ |4 ~home buyer).( b- ~% G6 O6 V6 L" @
Note0 l$ E, k: g! D! \
You do not have to be a first-time home buyer if you are$ S. t1 q( b6 w8 \& e# N
eligible for the disability amount or if you acquired the) L: a' v; J; r" c9 S5 K
home for the benefit of a related person who is eligible7 i0 U, |7 p/ L7 R
for the disability amount. However, the purchase must2 y* n8 ~1 N' _5 e2 z8 s
be made to allow the person eligible for the disability
9 `. m6 B t0 Z$ w8 W5 m- B6 m1 I) Jamount to live in a home that is more accessible or better9 v* ^% M& H9 X2 l
suited to the needs of that person. For the purposes of
' {/ x% Y9 a. ~7 n; S- @0 K& rthe home buyers’ amount, a person with a disability is
' _7 \ W( b( S; D* Oan individual who is eligible to claim a disability amount
) z0 v; X* S6 S& T0 cfor the year in which the home is acquired, or would be$ O9 q3 W! q2 z6 h3 k
eligible to claim a disability amount, if we do not take
1 X: ?0 E( t' {' kinto account that costs for attendant care or care in a
2 c- `8 b; W& Y/ J' Y9 ]& Wnursing home were claimed as medical expenses on lines
) ^# K4 _3 i) W$ ]# M8 f330 or 331.
/ B1 D5 ~* p/ m+ i0 {! ]; f7 WA qualifying home must be registered in your and/or your
4 M) o, i6 o5 N$ uspouse’s or common-law partner’s name in accordance6 P( t, L) @3 [
with the applicable land registration system, and must be% ?& I, x$ K; K/ [ @* ~, r, t
located in Canada. It includes existing homes and homes
- T; R& A7 c3 X/ o6 Gunder construction. The following are considered4 X7 ?) K- O+ d1 m. ^% u
qualifying homes:$ ~! i1 X2 g: P( Q9 F% j
■ single-family houses;! b" A, j6 ^8 c. u) T% Z( U
■ semi-detached houses;# f, O$ h# s; {9 m9 g' Y
■ townhouses;5 T! r" [7 `/ ^" @7 y
■ mobile homes;
4 W) U+ b. c7 K% w" i5 M■ condominium units; and9 v D% G8 u: l4 w
■ apartments in duplexes, triplexes, fourplexes, or8 ^* k. W- I- Z( b4 B
apartment buildings.
7 `+ A$ P7 ]$ @: B0 q( yNote
% Q7 e* }4 [3 I1 o% T8 J: WA share in a co-operative housing corporation that
+ c9 k- S+ |( E6 B' Centitles you to own and gives you an equity interest in a- d& V) i) ^' H) D+ f' g4 T/ q: N# E( ~
housing unit located in Canada also qualifies. However,5 L, I2 ?+ K: B$ G# ], a
a share that only gives you the right to tenancy in the/ u$ Z& ~+ Y2 j8 j1 u
housing unit does not qualify.
& s+ ]3 N; t1 z% d" k% Y1 mYou must intend to occupy the home or you must intend- W. s# q" \' u
that the related person with a disability occupy the home as, l2 B* o5 h3 J& n* u
a principal place of residence no later than one year after it
5 y1 ~" z9 l& g4 p) t0 ^is acquired.4 @9 [* x! s! _: e* z
The claim can be split between you and your spouse or1 \ Z. J* ]- q7 [
common-law partner, but the combined total cannot exceed
9 l1 l' B- K" Y3 v. R" e$5,000.
: Z7 [: w6 K6 @' l5 V. e" FWhen more than one individual is entitled to the amount
" x' ~0 w. e7 n! \2 T Q* v(for example, when two people jointly buy a home), the7 w$ k3 A* R5 V* C
total of all amounts claimed cannot exceed $5,000.
7 X l. T. R4 T+ {# dSupporting documents – If you are filing electronically, or. d; Z9 c/ o6 }! a+ k4 a; H
filing a paper return, do not send any documents. Keep all
* K" h; Y; O; p. a( z- x2 v0 byour documents in case we ask to see them at a later date. |
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