Line 369 – Home buyers’ amount

Home Buyers’ Credit

This federal non-refundable tax benefit offers up to $5,000 to individuals who purchase an eligible home, provided the following conditions are met:

• You or your spouse or common-law partner have purchased a qualifying property; and
• Neither you nor your spouse or common-law partner owned and lived in another property during the year of purchase or in any of the four previous years (applicable to first-time buyers).

Eligible Properties

To qualify, the property must be situated in Canada and registered under your name and/or that of your spouse or common-law partner, as per the applicable land registration rules. Both newly built homes and existing dwellings are eligible.

Types of eligible homes include:

• Detached single-family dwellings
• Semi-detached residences
• Row houses or townhomes
• Manufactured or mobile homes
• Condo units
• Apartments within duplexes, triplexes, fourplexes, or multi-unit residential buildings

Individuals with Disabilities

The first-time buyer condition does not apply if:

• You qualify for the disability tax credit; or
• You purchased the home to accommodate a relative who is eligible for the disability tax credit.