Extension of main residence
| Triggering events | Extension of the beneficiary’s primary residence resulting in the creation of new living space (Note: this second case does not apply to the PERCO or the Collective Retirement Saving Plan (PERCOL) |
| Main conditions | Occupation as the principal and immediate residence by the beneficiary or their direct family
Acquisition of full ownership Release of funds up to the amount of the personal contribution (the difference between the total cost of the transaction and the total amount of loans obtained) |
| Rights related to fund release | PEE – PEG – PEI |
| Supporting documents, depending on your situation | For extensions: contract for works, or accepted, dated, and signed estimates showing the payment of deposits, or paid invoices for the purchase of structural materials, and either a building permit or a prior declaration of works exempt from a building permit
Note: if you choose to redeem your assets using your promise of sale, you will not be able to submit a new request with the sales contract once it is signed for the same triggering event
For construction: construction contract, or contract for works, or accepted, dated, and signed estimates showing the payment of deposits, or paid invoices for the purchase of structural materials, and the building permit In all cases: sworn statement confirming the financing of a primary residence, or a living space within the primary residence. If a loan is involved, a dated and signed financing plan from the credit institution showing the personal contribution; if no loan is involved, a dated and signed financing plan prepared by the beneficiary |
| Deadline for submission of supporting documents | 6 months |
| Excluded events (non-exhaustive list) |
Construction: Acquisition of land only Extension: Convertible attics (already existing living space), veranda, garage, cellar, swimming pool Renovation, repair, or maintenance work |