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Please see the below detail:
# M+ Y& u, q+ s! y& |; }- f1 xLine 369 – Home buyers’ amount$ ~7 V0 T3 H7 H; P8 X% b
You can claim an amount of $5,000 for the purchase of a( W6 p, e) r( L0 V2 E5 U
qualifying home made in 2010, if both of the following
; Y3 E2 F0 d& z( p: Kapply:6 m5 w, W% O* L3 F9 F6 z
■ you or your spouse or common-law partner acquired a* D/ e/ k) A1 H5 ]( i I# f
qualifying home; and
1 i2 |* m l' b* ~■ you did not live in another home owned by you or your
# ~7 k+ |1 l- u+ ^/ jspouse or common-law partner in the year of acquisition
- {% T" }% v4 z3 [or in any of the four preceding years (first-time
% `1 R" l* b M7 }8 m, _home buyer).
0 r. F4 p- H1 Q# H7 aNote+ M; u5 g4 f+ p6 z9 R
You do not have to be a first-time home buyer if you are& Z/ D8 U" F( q: r) H% R$ A1 C9 l/ @& b
eligible for the disability amount or if you acquired the
6 L3 k. t5 D( y% A- |$ chome for the benefit of a related person who is eligible8 C! C6 t) s' Q( C0 K+ z. O* E, y
for the disability amount. However, the purchase must) H% {5 T; w, P! h: T
be made to allow the person eligible for the disability! I# Q2 |/ C1 G
amount to live in a home that is more accessible or better7 v2 U, a; b0 n* ?6 V% ?( o: e
suited to the needs of that person. For the purposes of
' J+ L7 {& V4 f# athe home buyers’ amount, a person with a disability is
+ w6 X2 L& R' N2 b! a7 w) can individual who is eligible to claim a disability amount! ?( Y% S9 g& ^( V. D, o6 j
for the year in which the home is acquired, or would be, e/ \2 a7 p, d2 M# Z
eligible to claim a disability amount, if we do not take1 H2 L' \% s0 x; i" B$ }
into account that costs for attendant care or care in a
- l, L- Q1 [' s. enursing home were claimed as medical expenses on lines! d+ q# b) _( V% q6 p
330 or 331.
( o2 z* @6 J3 g6 e1 W2 |A qualifying home must be registered in your and/or your7 e* @4 j$ O" T# J
spouse’s or common-law partner’s name in accordance7 A+ A& O1 a# p! E% n' T
with the applicable land registration system, and must be' H9 I- M0 j" | [# G
located in Canada. It includes existing homes and homes% q& ]3 M1 r5 r$ [+ c( |4 P
under construction. The following are considered4 F- P6 v& e6 W% `5 J
qualifying homes:$ H9 l+ N1 m: O' z' N7 S5 l
■ single-family houses;
0 y) i; o/ X7 W7 c/ k■ semi-detached houses;
& w2 o- `$ @) L" F■ townhouses;
$ z4 W# A, K( Z6 p■ mobile homes;
2 a$ a; b5 p6 }" n■ condominium units; and
: u& T( {4 c* n4 G8 D& P C■ apartments in duplexes, triplexes, fourplexes, or
; W- m# D5 y- o* C0 Lapartment buildings.
. p; F x# D* ?4 j6 B/ P1 l3 ZNote
9 B( G3 j& B+ d% T5 e E$ p6 vA share in a co-operative housing corporation that I- u# a1 b9 e. B! ]
entitles you to own and gives you an equity interest in a
! D8 c! P, W1 c/ ]" Z9 C6 y/ P( `housing unit located in Canada also qualifies. However,
2 @0 t- ^8 L& a, b$ la share that only gives you the right to tenancy in the% [8 e. V7 A. V/ Q# P; A7 k6 n
housing unit does not qualify.
9 u9 J! Y6 f- T. U2 c' iYou must intend to occupy the home or you must intend
: |- b2 ?* l: X1 Y' m1 e. Y$ S" rthat the related person with a disability occupy the home as9 y0 e6 H2 g, V3 ?
a principal place of residence no later than one year after it- }: A7 y; j5 u" c- p$ M) w' [$ D
is acquired.
' s9 P! F+ y9 dThe claim can be split between you and your spouse or
+ _# u z8 q: F+ [common-law partner, but the combined total cannot exceed6 v+ `% t8 K9 ~ |1 w u3 g( K
$5,000.
# |2 y/ F& u( e( uWhen more than one individual is entitled to the amount, I0 H; a' M! p4 _
(for example, when two people jointly buy a home), the9 m# F! |6 b2 [+ B/ i) a
total of all amounts claimed cannot exceed $5,000.9 H9 v( D" j" k6 A/ N
Supporting documents – If you are filing electronically, or
! R2 U) Y) n3 V/ f- Q5 yfiling a paper return, do not send any documents. Keep all
& t4 V, ^. Y4 V7 M `your documents in case we ask to see them at a later date. |
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