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Please see the below detail:
0 Y8 C3 B% z) Z2 K2 Z+ Z9 ]Line 369 – Home buyers’ amount
, S' X# P$ [' S3 r nYou can claim an amount of $5,000 for the purchase of a) N: `" M) b! H7 x% U3 D# }/ E- h
qualifying home made in 2010, if both of the following) f+ V4 Q2 n% d/ @0 j! z
apply:
6 Y' o. h N; M: w2 U■ you or your spouse or common-law partner acquired a# }9 r5 u9 X5 C" ^- r) r) D: E. c
qualifying home; and; O9 S6 q2 `/ |! |; Z$ x
■ you did not live in another home owned by you or your0 p1 E; l* L! @) Q2 b; S0 D) f
spouse or common-law partner in the year of acquisition
6 ~0 X# y* Y, q. s( [or in any of the four preceding years (first-time: N/ k+ w2 H% q% s. M e! b
home buyer)." q8 u" e: _2 @1 u
Note& t2 X! b: a* w4 e7 A! C; U" U
You do not have to be a first-time home buyer if you are" t1 } c. b6 U* L$ A
eligible for the disability amount or if you acquired the
/ W7 O7 O+ T# Fhome for the benefit of a related person who is eligible1 {4 r& _! ~. n+ p8 V
for the disability amount. However, the purchase must
0 t/ {& C+ w$ l! H9 Fbe made to allow the person eligible for the disability' j7 f6 e/ B. j/ U) T5 i
amount to live in a home that is more accessible or better
6 t6 k9 @* \) ?2 \! p; ?% P/ Msuited to the needs of that person. For the purposes of2 T) U' }% e/ Q. d+ e
the home buyers’ amount, a person with a disability is
( |4 c m5 F: P9 ban individual who is eligible to claim a disability amount/ t3 A3 c/ k. l/ y8 v
for the year in which the home is acquired, or would be0 R4 k$ F7 Y7 A6 l" m- D
eligible to claim a disability amount, if we do not take
$ v0 u2 K0 Z8 A+ i! B- K0 V$ Xinto account that costs for attendant care or care in a
& e4 \( F, e. C+ t S4 f4 Y: anursing home were claimed as medical expenses on lines7 Q; ]; q& a- I. z
330 or 331.
& Q; T8 M8 I& W8 S! _8 e/ NA qualifying home must be registered in your and/or your
0 ]1 f4 C2 r2 W nspouse’s or common-law partner’s name in accordance
% H, e$ ^ I8 r" `) x6 {, v dwith the applicable land registration system, and must be
; R# F& X A5 elocated in Canada. It includes existing homes and homes
' X5 R( e% E; e* Z6 y1 e% J3 f. D4 Tunder construction. The following are considered0 w6 K& W9 g3 d0 ^/ K: a; k% F, [
qualifying homes:
7 v: m6 O9 M. ] z& ?' U■ single-family houses;
4 }7 T. U; w5 Z' N" j( j* q■ semi-detached houses;
! g. O' c# B% {- Y' B: R3 {■ townhouses;$ {& b, ~9 r# ?6 ?" B1 `8 V5 q% {
■ mobile homes;
3 E/ g& v: E0 w$ h' f/ x■ condominium units; and, k5 }/ W3 I/ ~
■ apartments in duplexes, triplexes, fourplexes, or: Z; v" B" ~; U" k+ j$ l7 t3 D
apartment buildings.- M/ K$ e0 \$ p# Y4 Q
Note. [# g! U# z) F! N' Y% t
A share in a co-operative housing corporation that1 Y% }3 p# ^& w" F$ r
entitles you to own and gives you an equity interest in a& `7 R9 n- g0 {$ \" r
housing unit located in Canada also qualifies. However,3 w, t4 N( j% [2 U ]
a share that only gives you the right to tenancy in the
- Z8 J- |* t( n2 E% q+ k9 z5 Xhousing unit does not qualify." g1 q, v8 l2 {0 _" m3 r- u4 P
You must intend to occupy the home or you must intend
4 d! y$ f3 B: R1 b' Hthat the related person with a disability occupy the home as7 B& H& ^/ w! X/ L0 W. w
a principal place of residence no later than one year after it% d1 ]6 H+ W, U4 ?5 f
is acquired.* {5 D3 c( c _/ u# H! k8 P
The claim can be split between you and your spouse or& z5 _6 S& b5 |: l4 f0 I6 `
common-law partner, but the combined total cannot exceed
; h% ~& ^2 T" B2 S$5,000.9 w( E9 Q! w1 ]8 j R) f3 Y
When more than one individual is entitled to the amount! f5 X0 K) s: r
(for example, when two people jointly buy a home), the
2 T# q" b$ r$ V g$ ]: Utotal of all amounts claimed cannot exceed $5,000.3 P; }1 c' t+ t# t1 p7 F+ C, H+ s, y
Supporting documents – If you are filing electronically, or
! A, U8 w7 N# b" Tfiling a paper return, do not send any documents. Keep all6 M) v3 ?- j+ c5 H1 T- N
your documents in case we ask to see them at a later date. |
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