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Please see the below detail:* f& Q. d6 \* w0 P2 L. {3 a
Line 369 – Home buyers’ amount2 x- O) f" p( o$ E
You can claim an amount of $5,000 for the purchase of a3 W6 \* ?! ~9 ?
qualifying home made in 2010, if both of the following( X. p) p! C C& o) T; T" X
apply:+ @ V$ V [ G9 ~1 c* C" U4 | i
■ you or your spouse or common-law partner acquired a
V( R$ k9 @. I- S' L* vqualifying home; and) r1 D0 f; m* T1 _4 Q8 ^+ k H
■ you did not live in another home owned by you or your1 z& R: Y) K/ N, Q
spouse or common-law partner in the year of acquisition+ J; M* c H% j" T7 M8 J4 H
or in any of the four preceding years (first-time
1 C, w7 g, l$ \% \& shome buyer).
, b8 a/ R2 i' Y2 ~Note
! s/ Q3 A9 t1 O, B2 }: pYou do not have to be a first-time home buyer if you are
0 p0 l# x. r' M; T2 ^eligible for the disability amount or if you acquired the: V+ h2 B) H+ v. Q4 ~8 E8 Z6 k
home for the benefit of a related person who is eligible! f9 l1 J. P1 u& U( p
for the disability amount. However, the purchase must1 g+ \9 r0 j& W h W
be made to allow the person eligible for the disability
0 e, M9 u4 f. v; y; K2 \- k6 Pamount to live in a home that is more accessible or better* u2 l# [+ X/ G
suited to the needs of that person. For the purposes of: x( [& z- n# u1 `
the home buyers’ amount, a person with a disability is. j) F, H5 T! Q/ x$ x
an individual who is eligible to claim a disability amount
8 ^ s+ H' y& A; M6 i8 Q) Rfor the year in which the home is acquired, or would be4 x5 @' P2 W% e% D2 {
eligible to claim a disability amount, if we do not take
. H0 Y; y& f9 A8 _into account that costs for attendant care or care in a
5 n: [% W( D& \' mnursing home were claimed as medical expenses on lines* w- J& i' ?0 B7 O7 a
330 or 331.- T( q! H4 n7 l" y' Q' x6 {
A qualifying home must be registered in your and/or your- P* ^' C: H8 g B" M
spouse’s or common-law partner’s name in accordance
; Z# g2 _ ?0 m( O, h' Fwith the applicable land registration system, and must be
0 Q) ], I5 b' Q" ^located in Canada. It includes existing homes and homes
4 k6 E4 _) Z3 ^under construction. The following are considered/ V" t: q* R* a1 z0 H5 y
qualifying homes:* U2 ^# m, E" E( m+ L8 E! u
■ single-family houses;5 r$ u& n- n+ ?' t+ U4 l! G
■ semi-detached houses;6 x X$ Y N: j2 P- M9 o
■ townhouses;" z2 j `4 g. | |# z
■ mobile homes;9 |5 h' X7 \$ {+ F0 T
■ condominium units; and
0 G3 d4 C$ c* {■ apartments in duplexes, triplexes, fourplexes, or
J* ^: z1 ~, @% [ b. e$ Sapartment buildings.
- n. j' f: d* c& _% K, fNote1 s- | R: r) _% p% c4 w; x8 a! a2 |$ C
A share in a co-operative housing corporation that) o" p% L+ T. W9 V4 S3 `" |' D
entitles you to own and gives you an equity interest in a5 ^( s+ b# h5 y; h
housing unit located in Canada also qualifies. However,) ~/ B; ^. x9 g* y ^& {' a
a share that only gives you the right to tenancy in the
4 V: |6 r0 @. Whousing unit does not qualify.
" K+ }/ F! x8 _4 N# PYou must intend to occupy the home or you must intend
8 F5 \1 e* M" j3 ?! S6 Y' N3 Fthat the related person with a disability occupy the home as9 `0 x4 [/ n' Y7 W
a principal place of residence no later than one year after it
2 ?5 h, v2 C0 Jis acquired.
; |9 D, }& L- ?- i& YThe claim can be split between you and your spouse or/ [: y" V" J7 x6 m+ X+ Z
common-law partner, but the combined total cannot exceed9 _7 d! {! P. i% G
$5,000.) {1 ~+ D/ i9 T7 b$ h7 b {
When more than one individual is entitled to the amount/ U6 U0 S: Y% v: {
(for example, when two people jointly buy a home), the4 v+ \- X) R* A3 `% y3 A; H
total of all amounts claimed cannot exceed $5,000.
. A+ v, {4 K( }4 sSupporting documents – If you are filing electronically, or
4 {. R8 H8 u" X4 o- W: P) Lfiling a paper return, do not send any documents. Keep all0 n% W7 E z |+ A, Z6 O
your documents in case we ask to see them at a later date. |
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