Subsection 146.6(1)
Qualifying Withdrawal
Administrative Policy
3 November 2023 APFF Financial Strategies and Instruments Roundtable Q. 3, 2023-0976921C6 F - CELIAPP - Acquisition d'une quote-part d'une habitation admissible / FHSA - Acquisition of a share of a qualifying home
An individual and two unrelated individuals acquired a duplex in equal shares on December 10, 2023 and began living in one of the units as his...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - General Concepts - Ownership | reference to acquiring a qualifying home includes acquiring a co-ownership interest | 102 |
Paragraph (a)
Administrative Policy
3 November 2023 APFF Financial Strategies and Instruments Roundtable Q. 2, 2023-0978631C6 F - CELIAPP - Autoconstruction d'une habitation - FHSA - Self-construction
A single individual (Mr. X) acquired a land lot in 2000, made contributions to his FHSA starting in May 2023 and on February 1, 2024, signed an...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 146.6 - Subsection 146.6(1) - Qualifying Withdrawal - Paragraph (c) | written agreement for construction before October 1 could be satisfied with agreements with trades by self-constructing individual | 194 |
Paragraph (c)
Administrative Policy
3 November 2023 APFF Financial Strategies and Instruments Roundtable Q. 2, 2023-0978631C6 F - CELIAPP - Autoconstruction d'une habitation - FHSA - Self-construction
A single individual (Mr. X) acquired a land lot in 2000, made contributions to his FHSA starting in May 2023 and then commenced, using the...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 146.6 - Subsection 146.6(1) - Qualifying Withdrawal - Paragraph (a) | acquisition of home is when it becomes habitable | 189 |
Paragraph (d)
Administrative Policy
3 November 2023 APFF Financial Strategies and Instruments Roundtable Q. 1, 2023-0976911C6 F - CELIAPP - Changement d'usage / FHSA - Change in use
An individual purchased a single-family home in 2020 for rental to a third party, in May 2023 opened and contributed $8,000 to an FHSA and then,...
Subsection 146.6(5)
Administrative Policy
15 May 2023 External T.I. 2023-0965261E5 F - Sommes retirées dans le cadre du RAP et CELIAPP
Can an individual withdraw $8,000 from a registered retirement savings plan ("RRSP") under the home buyers' plan ("HBP") and contribute the amount...
Subsection 146.6(7)
Administrative Policy
10 October 2024 APFF Financial Strategies & Instruments Roundtable, Q.6
Can an individual who does not have a FHSA and who does not qualify as a “qualifying individual” at the time of the transfer as a result of a...
Subsection 146.6(15)
Paragraph 146.6(15)(a)
Administrative Policy
10 October 2024 APFF Financial Strategies & Instruments Roundtable, Q.7
(a) If amounts from a deceased holder's FHSA are deposited into the estate's account and then subsequently transferred by it directly to the...
Subsection 146.6(17)
Paragraph 146.6917)(c)
Administrative Policy
7 May 2024 CALU Roundtable Q. 2, 2024-1005791C6 - Taxation of FHSAs on Death
No distributions had been made from the FHSA of Individual A, who died on September 1 of Year 1 without a surviving spouse or common-law partner,...