Patrick Bardier
Agency manager and residential & commercial broker
LET'S STAY CONNECTED
Working with our real estate agency based in Montérégie and Lanaudière offers a personalized and attentive experience. Our in-depth knowledge of the local market and extensive network guarantee privileged access to the best properties. We guide you through every step of the buying process, offering expertise, transparency and dedication to help you find the home of your dreams. Doing business with a real estate broker means you’re protected by law. In fact, the Real Estate Brokerage Act and various organizations regulate the real estate brokerage profession to ensure that consumers are served fairly and competently. You can rest assured that you’ll be served by a highly qualified, well-supervised professional.
The Home Buyers’ Plan allows eligible individuals to withdraw a maximum tax-free amount of $25,000 from their Registered Retirement Savings Plan (RRSP) to purchase or build a qualifying home.
Administered by : Canada Revenue Agency (CRA)
You must meet certain conditions to participate in the HBP: before you make an RRSP withdrawal, when you withdraw the funds and after the withdrawal.
Generally, if you participate in the HBP, you must meet all the eligibility conditions yourself. However, depending on the case, certain conditions may have to be met by another person. For example, if you make a withdrawal from your RRSPs to buy or build a qualifying home for a related person with a disability, or to provide funds to a related person with a disability to help him or her buy or build a qualifying home, that person will have to meet certain conditions.
Whatever the situation, you must ensure that all conditions are met.
The first repayment begins in the second year following the year in which the withdrawal was made.
Generally, you must repay the amounts withdrawn from your RRSPs over a period not exceeding 15 years.
Contact the Canada Revenue Agency.
Did you know that under certain conditions, expenses incurred in the purchase or sale of a property, such as broker’s commission, notary fees, moving expenses and many other costs, can be tax deductible?
Administered by : Canada Revenue Agency (CRA)
You can claim a deduction on your tax return if you paid moving expenses for the tax year in question and meet both of the following conditions:
You moved in order to:
hold a job,
practice a profession,
operate a business,
attend an educational institution where you were enrolled full-time in a post-secondary program;
you moved at least 40 kilometers closer to your place of study or new place of work, even if it was seasonal.
The deduction you can claim is limited to the net income you earned during the tax year at your new place of work. You may, however, carry forward to a subsequent year the portion of moving expenses you were unable to deduct, if any.
Only moving expenses incurred within Canada are deductible. However, you can deduct these expenses if you incurred them while temporarily living outside Canada. In the latter case, please contact us.
If you moved to attend a post-secondary institution full-time, the deduction you can claim is limited to the net amount of any research grants you received. If you did not receive a research grant, you are not entitled to this deduction.
For more information, see the instructions for line 228 in the Guide to the Income Tax Return (TP-1.G) or those given in the Moving Expenses form (TP-348).
Whether you’re buying or selling a home, we’ll select one of our experienced brokers to realize your ideal.
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