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Please see the below detail:
1 ]9 M! @2 ~9 G2 a: Y3 p1 O, [. i5 tLine 369 – Home buyers’ amount9 T& l4 j, }- x# y
You can claim an amount of $5,000 for the purchase of a
5 L4 e( N3 ^4 z+ F2 Q6 Kqualifying home made in 2010, if both of the following; r4 b Y7 z& P
apply:
m/ B& H) A2 f2 _* x I+ b■ you or your spouse or common-law partner acquired a
0 t: b! y0 L% x: Q4 H6 [% ^qualifying home; and- W( |3 k$ T4 t. l0 k) n
■ you did not live in another home owned by you or your3 ^' [% d8 h0 Y$ k0 q- {/ u
spouse or common-law partner in the year of acquisition
/ n% Z) S5 ?1 A+ E$ Tor in any of the four preceding years (first-time
1 E' t0 [1 X6 B) h q0 C W @home buyer).( k6 {2 m7 ?5 ]6 O2 M& k/ q4 C; h6 u
Note
7 i7 K0 M8 x/ o4 B, iYou do not have to be a first-time home buyer if you are; s6 q" |8 o, V3 {. z
eligible for the disability amount or if you acquired the5 }! j5 X# n- C: K; q! Q) A
home for the benefit of a related person who is eligible# d- P, m9 y( y/ ~
for the disability amount. However, the purchase must" C! |' L# l/ U8 N. e! {5 z
be made to allow the person eligible for the disability
8 W# h, W7 n1 a5 q( a" eamount to live in a home that is more accessible or better5 {$ T" A' R- k' n0 R
suited to the needs of that person. For the purposes of
1 S6 ]# I- b/ \* f) }3 Cthe home buyers’ amount, a person with a disability is+ `9 O) P8 G I
an individual who is eligible to claim a disability amount+ T6 R3 f# j1 c# o3 a9 d, t
for the year in which the home is acquired, or would be
% E2 e7 C2 |$ \! s! j6 Teligible to claim a disability amount, if we do not take
; X1 r6 ~9 B: Z7 w1 m- G( v5 ?) g winto account that costs for attendant care or care in a
$ E1 v4 Z! i/ knursing home were claimed as medical expenses on lines
" p+ x' U, j+ d1 i4 p3 k330 or 331.
! U' A ]( x& j/ v/ P C& CA qualifying home must be registered in your and/or your
3 c! m B$ c) i& j3 U# O" e7 Vspouse’s or common-law partner’s name in accordance o9 T3 ?& v- V- x
with the applicable land registration system, and must be0 `( P5 G4 ~$ C0 ~/ N3 c
located in Canada. It includes existing homes and homes! ^$ s# E7 S5 |$ B0 E7 l1 v
under construction. The following are considered+ ]& r; W0 s$ F& B' a: \
qualifying homes:3 c3 V& e) `! z" r
■ single-family houses;4 W7 d! N' g% G8 b8 o4 m
■ semi-detached houses;
0 h2 y( q" k h■ townhouses;3 T9 d- H+ M; ^* d2 S) m+ @" U$ L
■ mobile homes;5 f: l( N: b1 y5 s4 D
■ condominium units; and
% y0 Z$ `$ V$ T; W8 K■ apartments in duplexes, triplexes, fourplexes, or
0 g- v* [. I, d6 H) I8 vapartment buildings.3 C8 |. W! v* o! @$ T
Note
0 x" w. o1 Z+ l. O0 X1 V# g& T1 O# {A share in a co-operative housing corporation that
. }. @( h$ E& b- \# Wentitles you to own and gives you an equity interest in a
) x3 @- y, }3 g- S+ ~housing unit located in Canada also qualifies. However,, M3 B! u# g6 E
a share that only gives you the right to tenancy in the/ f! Z% T6 K* l2 P
housing unit does not qualify.* \) ~6 S# d1 J# f4 Q+ H
You must intend to occupy the home or you must intend" \3 E7 T0 F# j) ?/ x3 R; {
that the related person with a disability occupy the home as
, H8 J7 d2 Y" Da principal place of residence no later than one year after it
. @0 j9 R3 X9 h4 M- ]4 r+ U+ lis acquired.0 [6 ~( A5 ?3 U( {
The claim can be split between you and your spouse or
$ k$ F0 X3 q4 Hcommon-law partner, but the combined total cannot exceed
! d* M, [, C3 L$5,000.
. |2 D/ i9 }' c6 G; G8 O* [# RWhen more than one individual is entitled to the amount: Q( K$ D* [, o9 `' U
(for example, when two people jointly buy a home), the
* t$ ^* `5 Q6 c1 c5 j7 jtotal of all amounts claimed cannot exceed $5,000.
& q( h3 p% S7 d* {" T3 R/ o7 D) m, OSupporting documents – If you are filing electronically, or3 ?% \3 R0 |* K/ _/ k9 h0 R, @
filing a paper return, do not send any documents. Keep all0 z: Y4 H+ W* \3 h; q/ V
your documents in case we ask to see them at a later date. |
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