A Key Solution Against Latent Defects
Are you considering or have purchased a property covered by the Integri-T guarantee? This unique and exclusive RE/MAX guarantee provides you with financial protection in case of discovery of such defects.
Exclusive RE/MAX programs
At RE/MAX Évolution, our mission goes far beyond real estate transactions. It is based on strong values that guide our every action. These principles reflect who we are, how we support our customers, and the positive impact we want to leave in our community. Discover the foundations that enable us to offer a unique and unrivalled experience:
RE/MAX Programs and Protections
Purchasing or selling a property is a pivotal moment in your life. With RE/MAX Québec, discover a range of programs specifically designed to meet your needs. Discover them now!
Peace of Mind Assured!
Without a doubt, the purchase or sale of a property is an important event in your life. At RE/MAX, we are aware of this and that is why we want to offer you solutions to the various pitfalls.
Exclusive Discounts for RE/MAX Customers
Enjoy unmatched discounts on an impressive selection of products offered by our many partner merchants. Choosing a RE/MAX broker has never been so beneficial!
Co-Ownership Professionals
This program offers our co-ownership professionals workshops, video capsules and podcasts as well as fact sheets and other practical tools to allow them to continually update their knowledge.
The Best of Commercial Brokerage
The RE/MAX Commercial Program is made up of brokers specializing in the commercial sector who offer personalized supervision according to your specific needs.
The Home Buyers' Plan (HBP)
The HBP allows buyers to withdraw funds from their RRSP (Registered Retirement Savings Plan) to finance the purchase or construction of a residential property, without paying tax on the withdrawal.
Advantages
- Ability to withdraw up to $35,000 (or $70,000 for a couple).
- Tax-free withdrawal with a 15-year repayment period.
Eligibility
Be a first-time homebuyer or have not owned a property in the past five years.
The 40 KM Program
This program allows certain buyers to benefit from a tax advantage if they move more than 40 km from their workplace to purchase their principal residence.
Advantages
- Reduction of moving costs if the distance is more than 40 km.
- Tax relief based on the new proximity to the workplace.
Eligibility
The buyer must move more than 40 km for professional reasons.
The Tax-Free First Home Savings Account (FHSA)
The FHSA is a recently introduced program that allows first-time buyers to save up to $40,000 for a home purchase, combining the benefits of an RRSP and a TFSA.
Advantages
- Contributions are deductible from taxable income.
- No tax on withdrawals if used for a home purchase.
Eligibility
- Be a first-time homebuyer.
- Annual contribution limit of $8,000 with a maximum of $40,000.
The Homeownership Assistance Program (MAPA)
The MAPA is a government program designed to facilitate homeownership for low-income buyers. It offers a grant that can cover part of the down payment needed to purchase a first property.
Advantages
- Non-repayable grant covering up to 10% of the property purchase price.
- No repayment required, as long as the beneficiary retains ownership for a specified period.
Eligibility
- Must be a low-income homebuyer.
- The property value must not exceed a certain limit, which varies by region.
- The application must be submitted before the signing of the purchase agreement.
Do You Have Questions About These Programs?
FAQ
Frequently Asked Questions About Home Financing Assistance Programs
Yes, it is possible to combine the HBP (Home Buyers' Plan) and the FHSA (First Home Savings Account). You can use funds from both programs to finance the purchase of your first home. However, each program has its own conditions, contribution limits, and repayment terms. For example, the HBP allows you to withdraw up to $35,000 from your RRSP, while the FHSA lets you contribute up to $40,000 with no tax on withdrawals used for a home purchase.
If you do not repay the amount withdrawn under the HBP within the 15-year period, the unpaid amount will be added to your taxable income for the year the repayment was due. This means you will have to pay tax on the unpaid portion, as it will be considered taxable income. Each year, 1/15 of the total amount must be repaid to your RRSP, and if you don’t repay it, that portion will be added to your tax return as income.
The 40 km Program provides tax benefits for buyers of residential properties who move more than 40 km from their workplace. Under this program, you can deduct certain moving expenses, such as transportation costs for your belongings, temporary accommodation expenses, and other eligible costs. These deductions reduce your taxable income, which can result in a lower amount of tax payable.
RE/MAX Évolution
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1055 boul. du Séminaire Nord Bureau 302
Saint-Jean-sur-Richelieu, Québec, J3A 1R7
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