Buyers get a tax credit For 2009 and subsequent years, the budget also introduced a new non-refundable tax credit to helpfirst-time home buyers with some of their closing costs. This Home Buyer Tax Credit (HBTC) will provide up to $750 in tax relief on the purchase of a first home. The HBTC is calculated by multiplying the lowest personal income tax rate for the year (15% in 2009) by $5,000. For 2009, ...
Posted by Constantine Isslamow
on March 12, 2009
Grants for eco-friendly upgrades The ecoENERGY Retrofit program provides home and property owners with grants of up to $5,000 to offset the costs of making energy-efficiency improvements. Grants apply to a variety of measures that reduce energy consumption - anything from increasing insulation to upgrading a furnace. Building on the success of the existing program, Budget 2009 provides an additional ...
Posted by Constantine Isslamow
on March 12, 2009