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Please see the below detail:
& F" J- G: r' l) [Line 369 – Home buyers’ amount4 e# M5 X6 L9 l2 ?
You can claim an amount of $5,000 for the purchase of a5 J" A! X8 U3 j* t; P
qualifying home made in 2010, if both of the following
1 L/ f3 L4 q5 ]$ d! gapply:) d2 a7 S% P4 [/ R/ o! v! N% B
■ you or your spouse or common-law partner acquired a+ u" n' p/ c9 [; V/ N) y8 H
qualifying home; and
5 X8 T) V5 M( {" ?( L" \# }, R5 p■ you did not live in another home owned by you or your
5 u* r+ U) B7 p [% t& P$ gspouse or common-law partner in the year of acquisition3 b6 }( f8 z, r/ {2 R( y( X
or in any of the four preceding years (first-time: W2 g2 k D! h( J" d3 M
home buyer).+ U( g& t4 \9 K5 v8 v% I7 S1 `
Note! I0 o3 e7 \, J( W
You do not have to be a first-time home buyer if you are0 t) j" Z6 m8 K- A* T- [
eligible for the disability amount or if you acquired the0 h5 m; T1 f; S1 B8 Q
home for the benefit of a related person who is eligible; n% a4 G u! J
for the disability amount. However, the purchase must3 J5 T* ]1 y0 F7 T7 k9 i
be made to allow the person eligible for the disability* f3 @. r- _$ l! e
amount to live in a home that is more accessible or better" X+ z2 k( j# n, g1 ^8 [; u8 r6 m
suited to the needs of that person. For the purposes of
3 J- r b9 [( M" I' _1 jthe home buyers’ amount, a person with a disability is9 a) B5 ~( P; r- O0 j7 t0 y h
an individual who is eligible to claim a disability amount
: n4 t. t% s s4 c3 Qfor the year in which the home is acquired, or would be
6 \/ f+ x. R+ L4 ?& X, y6 ueligible to claim a disability amount, if we do not take! M' K: ~' k% b2 n" M: S1 ?
into account that costs for attendant care or care in a' u/ d1 f- r% a, H: k% `, h
nursing home were claimed as medical expenses on lines
0 e# m" ^1 Y2 o6 Y2 G330 or 331.6 y$ Y: ^. Q9 @! h+ W
A qualifying home must be registered in your and/or your
* @$ q( \/ J( k1 G5 qspouse’s or common-law partner’s name in accordance
) u3 F# B+ k0 S1 w, l! |8 O% \. vwith the applicable land registration system, and must be
3 j0 I5 z. q3 s' Flocated in Canada. It includes existing homes and homes
) s2 H- _6 t& R5 N7 iunder construction. The following are considered* a. ~4 r* u8 p# D+ }/ g
qualifying homes:& F3 |1 Z$ b4 k4 g8 W \
■ single-family houses;' W( M$ S0 m- w9 t6 a; B( |1 u
■ semi-detached houses;
" C! J8 X# ?9 F, `, o, @; ?1 @1 z■ townhouses;) Y C# ]" r. R7 Z, K! d' Q$ j
■ mobile homes;
/ l' d5 L! B! ?■ condominium units; and
4 o4 a! l# ^% R, ]■ apartments in duplexes, triplexes, fourplexes, or
' U# U7 A' y5 L1 a' J. Rapartment buildings.
: \- l( `# M, H; m- s# fNote& U0 i5 i& Y3 }
A share in a co-operative housing corporation that# ]$ S, H& [% Z! h' ^3 E2 m
entitles you to own and gives you an equity interest in a+ l7 y. Z7 Q, R/ q9 e/ O
housing unit located in Canada also qualifies. However,- M( v$ R& r' O( v- E3 e1 ^0 A
a share that only gives you the right to tenancy in the" N1 I9 n% j4 g: W. j
housing unit does not qualify.
6 n$ h2 A! _+ ]% w% ^4 {You must intend to occupy the home or you must intend
/ J; ~! n3 [$ c" H+ fthat the related person with a disability occupy the home as
2 }7 k" F$ L) X7 G0 F" ~6 O6 fa principal place of residence no later than one year after it6 y3 E# M0 j4 Z8 C [- K% t
is acquired.8 {( J- A" e& v5 C: P( F
The claim can be split between you and your spouse or' U& e: D! l. p( p! R* ?2 X
common-law partner, but the combined total cannot exceed- f$ J% [4 R2 S8 T0 r& E
$5,000.! Y4 x. t1 D0 e. z s
When more than one individual is entitled to the amount
# R' r5 k2 ]" z3 t6 ?" g(for example, when two people jointly buy a home), the }+ o/ Z M( h8 f( f( _, Y% f
total of all amounts claimed cannot exceed $5,000.; q6 D# J! I, {: H: j
Supporting documents – If you are filing electronically, or
+ d+ E/ d+ A. Qfiling a paper return, do not send any documents. Keep all0 T& u$ x) o1 e# e0 i; D0 C- a0 l
your documents in case we ask to see them at a later date. |
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