Line 369 – Home Buyers’ Amount

Home Buyers’ Amount

Individuals may be eligible for a federal non-refundable tax credit of $5,000 when purchasing a qualifying home, provided both of the following conditions are met:

• You or your spouse or common-law partner purchased a qualifying home
• Neither you nor your spouse or common-law partner lived in another home owned by either of you in the year of purchase or in the four preceding years (first-time home buyer requirement)

Qualifying Home

A qualifying home must be registered under your name or your spouse’s or common-law partner’s name within the applicable land registration system. The property must be located in Canada and can include:

• Single-family houses
• Semi-detached houses
• Townhouses
• Mobile homes
• Condominium units
• Apartments in duplexes, triplexes, fourplexes, or larger apartment buildings

Persons with Disabilities

The first-time home buyer requirement does not apply if:

• You are eligible for the disability amount
• The home was purchased to support a related person who qualifies for the disability amount