2009 Budget Highlights
The government has given us a few items to help in our quest to improve our homes. The first one is nice in that you can save up to $1,350 on a wide variety of home improvements15% Home Renovation Tax Credit - Savings of up to $1,350 can be had on the first $10,000 of eligible expenses
- 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.
- First Time Home Buyers can now access up to $25,000 of RRSP funds for a home purchase, up from the original $20,000
- First-Time Home Buyers' Tax Credit-a $5,000 non-refundable income tax credit providing up to $750 in federal tax relief
These 'perks', coupled with the lowest interest rates EVER make it a great time to improve our situation either through renovation, purchasing your first home, moving up to a more spacious home or a combination of. There truly has never been a better time in history to make a move or to purchase an investment property.
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