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Please see the below detail:7 |1 H& B" J4 u
Line 369 – Home buyers’ amount
# a6 y( Y& [; B9 GYou can claim an amount of $5,000 for the purchase of a1 h2 o0 o- z% [, _8 B3 I( {( J, h
qualifying home made in 2010, if both of the following% v/ F# F4 C: q% ?: ]0 k0 u7 n
apply:
+ p" d' S2 A5 s' w■ you or your spouse or common-law partner acquired a4 g/ B3 N7 _3 c/ r
qualifying home; and& j8 {: l" P- ]- L, S, I4 }" B
■ you did not live in another home owned by you or your( N3 ^1 i. @ f' w A7 C3 d M
spouse or common-law partner in the year of acquisition7 v n8 c p9 y Y6 Z& w
or in any of the four preceding years (first-time
8 {1 ]* P: x, D t/ |6 t: a8 bhome buyer).
* [' `0 e; u+ t R# z6 \Note
+ J Y R) X9 t$ t" MYou do not have to be a first-time home buyer if you are
- Q1 L9 D1 o0 [% a, ieligible for the disability amount or if you acquired the
% J* c' G6 g+ I) @+ Lhome for the benefit of a related person who is eligible7 q0 m: M8 G3 Y6 g% f" K7 O* [
for the disability amount. However, the purchase must' [: e- D+ q) f5 @# [
be made to allow the person eligible for the disability
5 @& F% [* c+ I/ H2 Iamount to live in a home that is more accessible or better, q5 g" @/ g$ k8 b V
suited to the needs of that person. For the purposes of% P5 M! |! d! E
the home buyers’ amount, a person with a disability is# Y/ u+ D7 O) ^) W. `
an individual who is eligible to claim a disability amount4 F Y. h; M8 A
for the year in which the home is acquired, or would be
* P- t; l$ @6 L$ d6 F0 q3 Seligible to claim a disability amount, if we do not take
, I5 U* z, \; z: I: B; u$ w, linto account that costs for attendant care or care in a
4 n: s3 I' k s+ l( v2 A" o2 Nnursing home were claimed as medical expenses on lines
" s% B) J* z. u330 or 331.0 H6 J3 I" {% A& o- e% o
A qualifying home must be registered in your and/or your
, q9 t& a2 _& Espouse’s or common-law partner’s name in accordance M' O/ j5 u* w9 R
with the applicable land registration system, and must be' x' s1 t5 G& Z/ F, e
located in Canada. It includes existing homes and homes
" u* o' i# S! tunder construction. The following are considered% ~# y( _1 i& U+ M
qualifying homes:
~# T/ {* k* ?! w3 C* m5 G■ single-family houses;
" q9 H1 l+ A; _& | n/ P; T■ semi-detached houses;
0 T2 q: x- c! w, y1 [■ townhouses;6 }/ c8 _. C8 J' y- L9 R$ e* q; b
■ mobile homes;
: d2 p* K9 F9 A- V7 i0 W■ condominium units; and
/ u C4 n& C# E$ l* h% e■ apartments in duplexes, triplexes, fourplexes, or3 M6 p0 \# G! s7 F/ l5 }
apartment buildings.; f a! Q5 v- r8 \# M! ]
Note
# u% B2 U* P+ `: g6 Z6 _6 QA share in a co-operative housing corporation that
, ?) `5 U4 _6 I9 f5 P, |entitles you to own and gives you an equity interest in a0 D* D6 t8 k, q$ M6 A6 d, E: T: {
housing unit located in Canada also qualifies. However,; t C/ X, X& e, l
a share that only gives you the right to tenancy in the
3 e) n% c a% Q( A0 U# Thousing unit does not qualify.# A$ `5 l" _: a2 O+ p/ Y
You must intend to occupy the home or you must intend& {: `/ i* L. n) q5 e5 u2 ~
that the related person with a disability occupy the home as% I9 z! x# q, d6 D
a principal place of residence no later than one year after it! {1 D! z4 i7 a0 `
is acquired., ^; _( A! z1 G) ]
The claim can be split between you and your spouse or
) Z7 l7 y+ m4 w+ z) jcommon-law partner, but the combined total cannot exceed7 e. f* o! O1 X! }
$5,000.2 `; H" G- L+ z" G+ F V
When more than one individual is entitled to the amount- M4 t$ N; g' {( i5 a
(for example, when two people jointly buy a home), the
1 c" ? U+ i8 q4 ^7 e9 h! Jtotal of all amounts claimed cannot exceed $5,000.
/ `/ `7 R6 `1 B6 mSupporting documents – If you are filing electronically, or
, K! i" A" L2 Cfiling a paper return, do not send any documents. Keep all8 M. `' Q6 }3 [. X- j
your documents in case we ask to see them at a later date. |
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