The Federal Budget 2009 announced several incentives to get Canadians spending

Federal Budget 2009 - Buying, renovating homes key to stimulating economy

The Federal Budget 2009 announced several incentives to get Canadians spending by buying a first time home, or renovating the one they are already in. Some of the budget highlights include:

  • Providing first-time home buyers with additional access to their Registered Retirement Savings Plan savings to purchase or build a home by increasing the Home Buyers' Plan withdrawal limit to $25,000 from $20,000.
  • Assisting first-time home buyers by providing up to $750 in tax relief to help with the purchase of a first home.
  • Implementing a temporary Home Renovation Tax Credit that will provide up to $1,350 in tax relief, reduce the cost of renovations for an estimated 4.6 million Canadian families, and provide needed stimulus to the economy.
  • Providing an additional $300 million over two years to the ecoENERGY Retrofit program to support an estimated 200,000 additional home retrofits.

REALTOR®. Natalie Bullard is a Sales Representative, whose Motto is  INTEGRITY and SERVICE ARE #1, and can be reached at natalie.bullard@century21.ca  or  905-845-9180, CENTURY 21 Miller Real Estate Ltd.

For more information about the Federal Government's budget, go to http://www.budget.gc.ca/2009/plan/bpc3c-eng.asp

 

Source:  Ontario Real Estate Association

Natalie Bullard

Natalie Bullard

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
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