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 and Instruments Roundtable Q. 6, 2024-1023301C6 F - CELIAPP - Séparation / FHSA - Separation
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 and Instruments Roundtable Q. 7, 2024-1024211C6 F - CELIAPP et transfert via la succession
(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,...