Line 58357 - First-time homebuyers' amount
You can claim $10,000 for the purchase of a qualifying home if the rules are met for claiming the amount on line 31270 of your return. However, if you received a loan through the Graduate Retention Program First Home Plan, you cannot claim the Saskatchewan first-time home buyers' amount.
A qualifying home must be registered in your and/or your spouse's or common-law partner's name with the Land Titles Registry and must be located in Saskatchewan. The first time buyer must not have previously owned another home during the calendar year in which the home was purchased, or in any of the previous four years. The buyer must occupy the home within one year of purchase.
The first-time home buyers' amount can be split between you and your spouse or common-law partner, but the combined total cannot be more than $10,000.
When more than one individual is entitled to the amount (for example, when two people jointly buy a home), the total of all amounts claimed cannot be more than $10,000.
Supporting documents
Do not send any supporting documents when you file your return. Keep them in case you are asked to provide them later.
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