Share If you were planning on using the government’s Home Renovation Tax Credit, you’ve unfortunately missed your chance: the program ended at the beginning of February. However, now that is over, we are starting to get an idea of how it affected the real estate industry. A recent report released by the Toronto-Dominion Bank tries [...]
Share Homeowners in Saskatchewan and Manitoba are planning to spend on home renovations despite of the slowing economy according to a recent Royal Bank of Canada (RBC) survey. The RBC survey found that 73% of Saskatchewan and Manitoba plan to make renovations on their home within the next two years. The report goes on to [...]
Share The final program change in the 2009 Budget for Home Owners and Home Buyers’ is the Home Buyers’ Plan (HPB). The HBP is a program which allows you to withdraw funds from your Registered Retirement Savings Plan (RRSP) to buy or build a qualifying home for yourself or a related person with a disability. [...]
Share As I have said before, home renovations are smart investment in the long term value of your home. Recently in accordance to economic stimulus and encourage investing in Canada’s housing stock, Budget 2009 proposed a temporary Home Renovation Tax Credit (HRTC). HRTC will apply to eligible home renovation expenses for work performed, goods acquired [...]
