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Examples of computation - 10% Home Sale Assistance (HSA)</a> </div> <div class="row"> <div class="col-12 col-xl-9"> <div class="page-header"><h1>Appendix A - Examples of computation - 10% Home Sale Assistance (HSA)</h1></div> <div class="page-content new-list-styles"><div class="directive-section directive-6 dv-11 ds-117 dsv-1"><p>(Core Assistance never to exceed $15,000)</p> <p><strong>Example #1:</strong></p> <p>Originally purchased @ $178,500 (1997)<br />Current appraised value $175,000<br />Listed at $180,000<br />Sells for $170,000<br />10% of appraised value = $17,500</p> <p>Computation: Appraised value of $175,000 minus selling price of $170,000 = $5,000.<br />Therefore, the employee is entitled to financial assistance of $5,000 from Core.</p> <p><strong>Example #2:</strong></p> <p>Originally purchased @ $178,500 (1997)<br />Current appraised value $175,000<br />Listed at $170,000<br />Sells for $160,000 (Departmental National Coordinator has to approve because selling below 95% of appraised value)<br />10% of appraised value = $17,500</p> <p>Computation: <br />Appraised value of $175,000 minus selling price of $160,000 = $15,000.<br />95% of appraised value = $166,250<br />Selling price = $160,000</p> <p>Since the property sold for less than 95% of the appraised value, the Departmental National Coordinator must approve the reimbursement of the financial assistance of $15,000 from Core.</p> <p><strong>Example #3:</strong></p> <p>Originally purchased @ $178,500 (1997)<br />Current appraised value $175,000<br />Listed at $175,000<br />Sells for $155,000 (Departmental National Coordinator has to approve because selling below 95% of appraised value)<br />10% of appraised value = $17,500</p> <p>Computation: <br />Appraised value of $175,000 minus selling price of $155,000 = $20,000.<br />95% of appraised value = $166,250<br />Selling price = $155,000</p> <p>Since the property sold for less than 95% of the appraised value, the Departmental National Coordinator must approve the reimbursement of the financial assistance of $15,000 from the Core Fund. Subject to funding availability, he/she may approve an additional $2,500 from the Customized/Personalized Funds.</p> <p><strong>Example #4:</strong></p> <p>Current appraised value $130,000<br />Sells for $116,000 (Departmental National Coordinator to approve because sale price below 95% of appraised value)<br />10% of appraised value = $13,000<br />Loss from sale = $14,000</p> <p>Computation:<br />Appraised value of $130,000 minus selling price of $116,000 = $14,000.<br />95% of appraised value = $123,500<br />Core to reimburse $13,000<br />No additional assistance from the Customized/Personalized Funds because it will exceed the 10% assistance.</p><div class="page-navigation text-center margin-bottom-20"><a href="/directive/d6/v11/s116/en" title="Part XIII - Other Types of Relocation within Canada" class="btn btn-primary directive-section-nav prev"><span>Previous</span></a> <a href="/directive/d6/v11/en" class="btn btn-primary directive-section-nav"><span>Index</span></a> <a href="/directive/d6/v11/s118/en" title="Appendix B - Benefits Table" class="btn btn-primary directive-section-nav next"><span>Next</span></a></div></div></div> </div> <div class="col-12 col-xl-3 hidden-print"> <nav class="inpage-menu"> <div class="card"> <h5 class="card-header bg-light">Related Links</h5> <div class="card-body"> <a href="/directive/d6/v11/en?print" class="list-group-item">Print Full Directive</a><a href="/directive/d6/v11/s117/en" class="list-group-item">Appendix A - Examples of computation - 10% Home Sale Assistance (HSA)</a><a href="/directive/d6/v11/s118/en" class="list-group-item">Appendix B - Benefits Table</a> </div> </div> </nav> </div> </div> </div> <div class="container-fluid site-footer"> <div class="container"> <div class="row"> <div class="col-md-4 text-center"> © 2024 National Joint Council </div> <div class="col-md-4 text-center"> <a href="/d65/en">Important Notices</a> | <a href="https://www.canada.ca">Canada.ca</a> </div> <div class="col-md-4 text-center"> <a href="/s19/en">Contact Us</a> | <a href="/en">Home</a> </div> </div> </div> </div> <script src="/theme/njc/bootstrap-5/js/bootstrap.bundle.min.js?_nocache=1633790663" ></script><script src="/theme/njc/js/jquery-3.6.0.min.js?_nocache=1644962952" ></script><script src="/theme/njc/js/moment.js?_nocache=1457634357" ></script><script src="/theme/njc/js/bootstrap-datetimepicker.min.js?_nocache=1648748775" ></script><script src="/theme/njc/js/font-spy.js?_nocache=1487693893" ></script><script src="/theme/njc/js/smartmenus/jquery.smartmenus.min.js?_nocache=1595527398" ></script><script src="/theme/njc/js/smartmenus/addons/bootstrap-4/jquery.smartmenus.bootstrap-4.js?_nocache=1645136528" ></script><script src="/theme/njc/js/njc.theme.js?_nocache=1715023601" ></script><script src="https://cdn.datatables.net/v/bs5/dt-2.0.3/fc-5.0.0/fh-4.0.1/r-3.0.1/sc-2.4.1/datatables.min.js"></script> <script> jQuery('.make-datatable').each(function(){ let $t = jQuery(this); $t.css('width','100%'); $t.DataTable({fixedHeader:true}); }); </script> <script>(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){(i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)})(window,document,'script','https://www.google-analytics.com/analytics.js','ga');ga('create', 'UA-13177002-1', 'auto');ga('send', 'pageview');</script> </body> </html>