HOME BUYERS’ PROGRAM (HBP) – QUALIFYING HOME
directing tax policy questions to Finance, not CRA
In a June 22, 2015 Technical Interpretation (2015-0574271E5, El-Kadi, Randa), CRA confirmed that the definition of a “Qualifying Home” (Subsection 146.01(1)) is clear that the residence must be located in Canada. CRA referred concerns about the related tax policy to the Department of Finance. The taxpayer’s spouse spent considerable time outside Canada for medical reasons.
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