Tax Break for First Time Home Buyers
The Government of Saskatchewan announced that a new tax credit will take effect on January 1, 2012. First-time home buyers in Saskatchewan that are eligible for the government's new tax break will receive a non-refundable income tax credit of up to $1,100. As well, persons with disabilites purchasing a more accessible home can access the tax credit even if it is not their first home.
As reported in the Leader Post, Regina is experiencing a shortage of rental properties and has one of the lowest vacancy rates for rental properties among major Canadian cities. With the shortage of rental housing, rents are rising in the Queen City.
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Posted by Brent Ackerman
on December 14, 2011