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CIBC Up to 5% Cash Back Offer

This offer gives you cash back based on your mortgage amount and term, and is available if you are approved for a 3, 4, 5, 7 or 10-year closed, fixed-rate residential mortgage*. For example, if you have a $100,000 mortgage and select a 10-year term, you will receive 5% cash back, or $5,000!

CIBC Up to 5% Cash Back Offer could be for you if you:

  • want to renovate, furnish or decorate your home
  • would like to take a dream vacation
  • want to prepare for any unexpected moving expenses
  • want to make an additional lump sum payment on your mortgage
  • need money for a special upcoming event such as an anniversary, wedding or child on the way
  • want to renew an existing mortgage early, or transfer your mortgage from another financial institution and have prepayment costs to pay
  • want to purchase investments, open an RESP or make an RRSP contribution

CIBC Up to 5% Cash Back Offer Key Benefits:

Saves you money

  • You get up to 5% cash back based on your mortgage amount and term1, to spend however you choose.
  • This cash back amount is completely tax-free. **
  • There are no cash maximums - the larger your mortgage, the more cash back you receive.

The examples below assume a $100,000 mortgage:

Closed, fixed-rate mortgage Closed, fixed-rate CIBC AeroMortgage®
Term % Cash Back $ Cash Back % Cash Back $ Cash Back
10 year 5% $5,000 4.50% $4,500
7 year 4% $4,000 3.50% $3,500
5 year 3% $3,000 2.50% $2,500
4 year 2% $2,000 1.50% $1,500
3 year 2% $2,000 1.50% $1,500

Convenient

  • The offer is available on a wide range of CIBC Mortgages. Our 3, 4, 5, 7 or 10-year closed, fixed-rate residential mortgages (including our CIBC AeroMortgage™) are all eligible.

Information you need to know

  • To be eligible for Cash Back, the mortgage amount must be at least $10,000.

Trademarks and Disclaimers

CIBC Mortgages offered by CIBC Mortgages Inc.

* Offers may change or be withdrawn at any time. Applicants must meet standard lending criteria.

** The Cash back amount is tax free as long as the funds are not used to earn income from a business or property.

If the mortgage is discharged, refinanced, ported, assumed, transferred or renewed before the maturity date for any reason, you must repay a portion of the cash back amount. The Cash Back Offer applies only if principal on date of advance/renewal is at least $10,000. Limit one Cash Back Offer per mortgage term; offer cannot be combined with any other bonus or offer; not available on regular mortgage assumptions, "ports", early renewals, refinances, conversions or the CIBC Better Than Posted Mortgage. Other conditions apply; ask for details.

® Aeroplan and AeroMortgage are registered trademarks of Aeroplan LP. CIBC and CIBC Mortgages Inc., licensees of marks.

The information in this article is general only; it is not intended as specific investment, financial, accounting, legal or tax advice for any individual.
It's easy to apply

Apply for the CIBC Up to 5% Cash Back Offer when you apply for an eligible CIBC mortgage.

For more information, call
1-800-465-2422 or visit your
CIBC branch and speak with a CIBC Personal Banker.