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.
For further information see VTN Monthly Tax Update Seminar, Issue No. 410