Your First Home

There are a few financial details every first time buyer needs to know:

A temporary home renovation tax credit is available for home renovations and alteration projects begun and completed before Feb. 2010. The credit applies to expenses between $ 1,000 and 10,000 (max. tax credit will be $ 1,350)

Change to the first time home buyer 'RRSP' plans with increase withdrawal limit to $ 25,000 form $ 20,000, bringing it to a new total of up to $ 50,000 per couple

A new first time home buyers' credit to be put towards closing cost, providing up to $ 750.00 in tax relief, redeemable after the purchase has been completed

Marcus Kallweit

Marcus Kallweit

Affiliated Real Estate Agent
CENTURY 21 Home Realty Inc., Brokerage*
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