home buyer, mother and 2 sons in mortgage application

So, I have a client who bought a house with Mom and other brother. Its their first house. All of them are the primary applicants. All names appear in Purchaser Agreement. Do they all qualify for the Home Buyers' Amount? 

Federal - $5,000

SK - $10,000

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According to CRA:

Line 369 – Home buyers' amount

You can claim $5,000 for the purchase of a qualifying home in the year if both of the following apply:

  • you or your spouse or common-law partner acquired a qualifying home
  • you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years (first-time home buyer)

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They all acquired a qualifying home. He acquired a qualifying home. Hence, they all qualify for the Home Buyers' amount. (Split into 3.)

Answer

only 1 credit for first time home buyer per house---however they can split the $5,000 credit 3 ways if they wish and each get their own share of it. They cannot each claim the full credit as they each did not buy a full house

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