Buying a home as a first-time home buyer or a seasoned purchaser is exciting and brings a lot of changes to your life and lifestyle. AWealth will help you through the processes such as applying for a new mortgage for your home. We will asses your finances to see how much you can afford and if a Home Buyer’s Play through an RRSP is right for you. AWealth will find also find the right insurance solution for your home and mortgage.
Do I qualify for the first time home buyer program?
In order to qualify for the Home Buyers Plan, the RRSP funds you are using must be on deposit for at least 90 days and provide a signed agreement to buy or build a qualifying home.
Is my mortgage protected?
Is your life insurance policy big enough to cover the mortgage of your property? AWealth will ensure that your family is protected and your property will remain within the family.
Can I use my RRSP towards a down payment?
With the federal government’s Home Buyers’ Plan, you can use up to $35,000 from your RRSPs to use as a down payment on a home. In order to qualify for the Home Buyers’ Plan, the RRSP funds you are using must be on deposit for at least 90 days and provide a signed agreement to buy or build a qualifying home.
The withdrawal is not taxable as long as you repay it within a 15-year period. The payback amount is at least one-fifteenth a year of the amount you withdrew.
*Mutual fund provided by Carte Wealth Management Inc. **Life Insurance products & services provided by Carte Financial Services Inc. and Kabis & Associates Inc. ***Mortgages products & services provided through Dominion Lending Centre Valko Financial Ltd.
Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus and/or fund facts before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Subject to any applicable death and maturity guarantee, any part of the premium or other amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value according to fluctuations in the market value of the assets in the segregated fund. A nominee account is one in which an investment is held in trust for an individual by a corporation or entity other than the individual. A segregated fund policy held within a self-directed plan is one example of investing in a nominee account. A segregated fund held in a nominee account may not offer creditor protection. Please read your Information Folder carefully and seek professional advice before investing. Commissions, trailing commissions, management fees and expenses may be associated with your insurance contract.