Words and Phrases - "owner-occupied home"

a
94
b
44
c
88
d
59
e
44
f
33
g
20
h
15
i
77
j
2
k
3
l
32
m
63
n
29
o
43
p
84
q
3
r
81
s
98
t
48
u
18
v
11
w
25
y
2

14 June 2013 External T.I. 2013-0477881E5 F - Régime d'accession à la propriété

Summary Under
Tax Topics - Income Tax Act - Section 146.01 - Subsection 146.01(1) - Regular Eligible Amount - Paragraph (e)
use of U.S. home as principal place of residence would also disqualify

Can an individual who had already owned a home in the U.S withdraw an amount from an RRSP under the home buyers’ program? After stating that “where an individual owning a home has lived in it as the principal place of residence, we consider that the individual owned the home as an owner-occupant” and referring to the discussion in Income Technical News No. 31 of the meaning of “principal place of residence,” CRA stated:

The fact that the home was located in the United States does not alter this opinion.

Words and Phrases
owner-occupied home principal place of residence