Financial Assistance Programs for Your Property Purchase

Explore financing programs to become a homeowner more easily. With my in-depth knowledge of options such as the HBP, the 40 km Program, and the FHSA.

Summary of the CELIAPP Program (Tax-Free Savings Account for the Purchase of a First Property)

  1. Eligibility Conditions:
    • Age between 18 and 71 years.
    • Must not have been a property owner during the current year or the previous four calendar years.
    • The "fiscal spouse" must not have been a homeowner-occupant in the last five years.

  2. Use of CELIAPP:
    • The account can be used for the purchase of a primary residence on Canadian soil.
    • Written proof of a purchase agreement is required.
    • Possibility to combine RAP (Home Buyers' Plan) and CELIAPP.

  3. Contributions and Limits:
    • Maximum contribution of $8,000 per year over 5 years, for a total of $40,000.
    • Unused contributions do not accumulate.

  4. Fund Transfer and Account Closure:
    • Possibility to transfer funds to an RRSP or RRIF after 15 years or if one changes their mind.
    • Withdrawals from RRSPs to fund CELIAPP are possible, but without a second tax deduction.

  5. Tax Benefits:
    • Contributions are eligible for a tax deduction (like an RRSP).
    • Withdrawals for property purchase are not taxable (like a TFSA).

  6. Availability and Investments:
    • Financial institutions are preparing for the launch of CELIAPP accounts.
    • A wide range of investment options available in the account.

Navigate the World of Real Estate With Complete Peace of Mind With Julie Gauthier

Julie Gauthier

Chartered Real Estate Broker

Julie Gauthier inc.


B. (514) 895-4921
O. (450) 472-7220


479 boul. Arthur-Sauvé
Saint-Eustache, Quebec, J7P 2B3

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