Income Solution: Turn Your Home Equity Into Reliable Cashflow

Increase cash flow in retirement with steady, tax-free cashflow — while continuing to own and live in your home.

What is Income Solution?

HomeEquity Bank’s Income Solution gives Canadian homeowners aged 55+ steady, predictable cashflow — similar to the recurring payments provided by an arrangement like a pension. Access up to 55% of your home’s value in tax-free cash through monthly or quarterly payments. Stay in the home you love with no monthly mortgage payments required.

Supplement your cashflow
Maintain your lifestyle
Use it how you need

Speak with a HomeEquity Bank Expert

1-844-766-4321

How Can You Use Income Solution

Manage monthly expenses

Cover the rising cost of groceries, utilities, insurance, and everyday living so you can maintain your lifestyle without worry or compromise.

Pay for in-home care & services

Access the support you need to live comfortably at home, whether that’s personal care, housekeeping, or medical services that keep you independent.

Complete home repairs or renovations

Make essential updates, improve accessibility, or create a more comfortable living space — so your home continues to serve you well for years to come.

Purchase a vehicle

Get reliable transportation that keeps you connected to family, friends, and the activities you enjoy — without depleting your savings.

Benefits of Income Solution

Predictable cashflow in your retirement
Tax-free cash
No monthly mortgage payments required
Continue to own and live in your home
No Negative Equity Guarantee protection^1,2

¹ Borrower must maintain property, pay property taxes and homeowners’ insurance, and abide by your mortgage obligations.
² The guarantee excludes administrative expenses and interest that has accumulated after the due date.

Income Solution Eligibility

You may qualify if you:

Are 55 years of age or older
Own a primary residence in Canada
Meet a minimum appraised home value of $250,000
Can repay any existing mortgages on your residence at closing or have more equity remaining in your home than you currently owe on any existing mortgages.

Final eligibility depends on age, home value, location, and program criteria.

Frequently Asked Questions

1. How does Income Solution supplement your retirement income?

Our Income Solution converts a portion of your home’s value into a reliable source of cashflow — similar to the recurring payments provided by an arrangement like a pension. Instead of taking all the money at once, you receive steady monthly or quarterly payments that supplement your retirement income. There are no required monthly mortgage payments to make, and you continue to own and live in your home. The loan is repaid later when you sell your home or from your estate, giving you predictable cashflow now when you need it most.

2. How much of my home equity can I access through Income Solution?

Income Solution lets you access up to 55% of your home’s appraised value.

3. How will I receive my money?

Scheduled advances, either monthly or quarterly, are required. Our Income Solution gives you the convenience of regular deposits right to your bank account.

4. Do I have to pay tax on my Income Solution money?

No. It’s tax-free because you are unlocking home equity from your primary residence. If you have questions about how this may apply to your individual circumstances, consider speaking with a tax advisor.

5. Can I repay my balance early, before the sale of my home?

Yes. You or your spouse can repay the principal or interest at any time — in full or on an annual or monthly basis. A prepayment charge may apply, as set out in your agreement.

6. When it’s time to repay the loan, could my other assets be affected?

We guarantee that the amount to be repaid will never exceed the fair market value of your home. Your other assets are completely protected.