New Home Buyer

Line 369 – Home buyers’ amount

This is a federal non-refundable tax credit available to individuals $5,000 for the purchase of a qualifying home acquired, if both of the following apply:

• you or your spouse or common-law partner acquired a qualifying home; and
• you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years (first-time home buyer).

A qualifying home must be registered in your and/or your spouse’s or common-law partner’s name in accordance with the applicable land registration system, and must be located in Canada. It includes existing homes and homes under construction.

The following are considered qualifying homes:

• single-family houses;
• semi-detached houses;
• townhouses;
• mobile homes;
• condominium units; and
• apartments in duplexes, triplexes, four lexes, or apartment buildings.

You do not have to be a first-time home buyer if:

• you are eligible for the disability amount; or
• you acquired the home for the benefit of a related person who is eligible for the disability amount