The First Time Home Buyers’ Tax Credit: What You Should Know
You are likely starting to get your taxes sorted for 2009. If you bought a home for the first time in 2009, you are eligible for the First-Time Home Buyers’ Tax Credit. But before you add it to your tax returns, make sure you know all of the details about what it entails.
In 2009, the [...]
Saskatchewan and Manitoba Set to Spend Most Renovations in Canada
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 say that [...]
RBC: Renovation Tax Credit Boosts Home Improvements Projects Across Canada
According to a new Royal Bank of Canada (RBC) study, it shows that a majority of Canadian renovators (63%) plan to take advantage of the federal governments’ home renovation tax credit this year, and 47% has already done more renovations because of the tax break.
This survey was conducted by Ipsos Reid, and found that 76% [...]
Home Buyers’ Plan Changes
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.
The old [...]
Home Renovation Tax Credit – Save While You Can
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 after January [...]



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