The Home Buyers Amount (sometimes referred to as the First-time Home Buyers' Amount) is a tax credit available to first-time home buyers.
For the purposes of this credit, the CRA defines a first-time home buyer as a person who has not lived in another home owned by you or your partner in the year of acquisition or in any of the four preceding years.
The home doesn't have to be a single-family house to qualify; you can still get the tax credit if you've bought a condo, townhouse, mobile home or even an apartment. Homes under construction also qualify.
The Home Buyers' Amount is sometimes confused with The Home Buyers' Plan, which is a loan program for people with RRSPs.