Sentences with phrase «payments on their principal residence»

Common examples include, but are not limited to, medical or funeral expenses, tuition and education fees and rent or mortgage payments on a principal residence.

Tax - free cash to buy your home If you're familiar with the Home Buyers» Plan (HBP), then you know that if you and your spouse are first - time home buyers, you can make withdrawals for the down payment on a principal residence from your RRSPs.

This «stay» allows a debtor who is behind on their mortgage payments on their principal residence to cure any defaults by bringing the payments current over a reasonable time period.

Not exact matches

Benefits, including employee contributions, are not payable for employee hardships, unforeseeable emergencies, loans, medical expenses, educational expenses, purchase of a principal residence, payments necessary to prevent eviction or foreclosure on an employee's principal residence, or any other reason except a requested distribution for retirement, a mandatory de minimis distribution authorized by the administrator, or a required minimum distribution provided pursuant to the Internal Revenue Code.

Monthly payments are contingent on maintaining home as principal residence, paying all property taxes, and homeowner's insurance, home maintenance and otherwise complying with loan terms.

Monthly payments are contingent on maintaining home as principal residence, paying all property taxes, and homeowner's insurance, and otherwise complying with loan terms.

The payment of capital gains tax applies to all property, however the Canada Revenue Agency offers an exemption that shelters any capital appreciation on your principal residence from being taxed.

Payments necessary to prevent the eviction of the employee from the employee's principal residence or foreclosure on the mortgage on that residence

At least be mortgage - free on your principal residence; it's OK to owe money on an income property if those payments are covered.

They qualified to refinance their mortgage on their principal residence for up to $ 560,000, which allowed them to advance $ 160,000 from their home equity and using the $ 160,000 towards a down payment on an investment property.

Notably, cash gifts or inheritance payments to an ODSP recipient which are used by the recipient to purchase a principal residence (a home or condominium, for example), a motor vehicle, or is used to pay first or last month's rent on a rental unit, are exempt from being counted towards the limit under the ODSP rules.

The home subject to the mortgage must be occupied by the borrower as the principal residence and the borrower must be current on mortgage payments.

Monthly payments are contingent on maintaining home as principal residence, paying all property taxes, and homeowner's insurance, home maintenance and otherwise complying with loan terms.