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Please see the below detail:- k8 }+ Y) s3 C7 R- \( D; k
Line 369 – Home buyers’ amount
$ H Q5 b% t' f7 K+ d; S0 ZYou can claim an amount of $5,000 for the purchase of a
( V t) s7 ~4 r5 |qualifying home made in 2010, if both of the following( V$ I& H) w9 h/ u+ g7 H- C e
apply:
p+ H! U; }0 V7 X, d* w■ you or your spouse or common-law partner acquired a
7 m6 R2 e/ F0 w) \5 h/ ^; Dqualifying home; and
9 {! y5 s' O8 M# n+ A' a: M■ you did not live in another home owned by you or your" H8 ~! H; A! K
spouse or common-law partner in the year of acquisition# j$ v6 } G. s9 f" G
or in any of the four preceding years (first-time
- B0 \- [0 E+ ohome buyer).6 q8 N& W0 c. W$ z8 R7 A$ }" j9 }
Note! `3 a/ {% k& F# S
You do not have to be a first-time home buyer if you are# k+ y# [& e& H# `& K# X" G
eligible for the disability amount or if you acquired the# E- t0 e0 `# j5 I. ~" O
home for the benefit of a related person who is eligible
- t+ I. i3 K/ C( J9 \" V! M; Ifor the disability amount. However, the purchase must9 J: r' z- @( Z2 `
be made to allow the person eligible for the disability4 T8 T: X5 ]' i6 B* E
amount to live in a home that is more accessible or better6 @6 L0 q4 G1 V- [7 {' g0 P* [/ |
suited to the needs of that person. For the purposes of
( D( J# @/ @' } P$ nthe home buyers’ amount, a person with a disability is
7 ?( O, P- q% G1 y( uan individual who is eligible to claim a disability amount. [- `. `0 H& t/ h- C
for the year in which the home is acquired, or would be
0 @- b0 |) i+ m, Q6 feligible to claim a disability amount, if we do not take4 u4 ]. j' {/ q* u0 g$ V% @
into account that costs for attendant care or care in a. B! K$ B, T! j1 [
nursing home were claimed as medical expenses on lines
; @! ~9 B+ c# r* i/ q5 G- y; w* j330 or 331.9 T+ t, e3 Y5 }' ?9 G( i
A qualifying home must be registered in your and/or your: o3 [$ l# S4 W1 d$ U& ]( q d
spouse’s or common-law partner’s name in accordance
5 b- n) U2 O2 Y/ B3 cwith the applicable land registration system, and must be
/ P( w# E4 f7 w4 M7 o& Klocated in Canada. It includes existing homes and homes
7 |" V9 h, E& Z/ D7 F7 Yunder construction. The following are considered
$ Q" F Q$ ]- P, kqualifying homes:
7 E. B1 R6 Q% U2 [# i9 B4 r■ single-family houses;
$ J5 d9 N( F! \■ semi-detached houses;
. H# p- g( R- z! E: r2 K) _■ townhouses;
) t# V: Z; \. Z7 M* z) j G■ mobile homes;, t! k7 D) z3 { N# o
■ condominium units; and. n% z$ G7 Y+ @8 c, H% N- a. w
■ apartments in duplexes, triplexes, fourplexes, or
: U, K* A4 |- k( n5 d9 m Uapartment buildings.. v4 v$ B) ~ N% I4 x8 H5 P$ O
Note7 ]% O* u. a- {$ ~
A share in a co-operative housing corporation that8 y# s$ {; r2 h/ N* X) H6 N. X5 A. S. M
entitles you to own and gives you an equity interest in a
. Z, n: O9 w; _9 c4 A8 o5 uhousing unit located in Canada also qualifies. However,
0 D: ~! f6 C5 o2 o; xa share that only gives you the right to tenancy in the2 [+ _" w' Z B# i. ^8 F o' q
housing unit does not qualify. Z- U4 V2 J8 V2 X: z7 g1 A
You must intend to occupy the home or you must intend( t, j& N8 d% a* {) ?! t2 g
that the related person with a disability occupy the home as
8 T1 n5 Z6 ] K H: Za principal place of residence no later than one year after it
( U( q) ` z$ Gis acquired.
% i7 { c9 @0 \. IThe claim can be split between you and your spouse or; t( i% Y% u2 d1 Y
common-law partner, but the combined total cannot exceed
2 ^+ }; m5 f* h' L$5,000.- P# M: b, ]5 D
When more than one individual is entitled to the amount i- R) x: m9 @! {5 R, ]4 x
(for example, when two people jointly buy a home), the
7 q ~" D: E/ g$ U* ototal of all amounts claimed cannot exceed $5,000.
6 }, t0 h: v. |# W- KSupporting documents – If you are filing electronically, or& F+ p5 q+ P% c, p+ V" B: n- H
filing a paper return, do not send any documents. Keep all; R% ^% d" W" ^* n0 r `& b
your documents in case we ask to see them at a later date. |
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