Ar_home_b_search
 



first time buyers: A $5,000 tax break for first time home buyers - 02/07/09 02:38 PM
Well, with the billions of dollars being thrown around in both the US and Canada these days, a tax credit doesn't seem like much, does it?
However, for those buying their first home, the credit, based on $5,000, will certainly come in handy, though not when you're actually buying the home. My understanding is that it works out to about $750 in actual tax relief, which of course, doesn't even cover legal costs.
As for the increase in allowable withdrawals from your RRSP from $20,000 to $25,000, how many first time buyers have you met who even have that much saved yet?
… (1 comments)

first time buyers: First time Buyers can get a property tax refund in Ontario (UPDATED 9/10/08) - 04/11/08 02:10 PM
We have been telling all our first time Buyers about this one. Who knows how long it will last? It's best to get the lawyer to handle the actual submission but clients can fill out the forms available from the site below and have it ready upon closing of their first home.
ONTARIO EXPANDS LAND TRANSFER TAX REFUND PROGRAM
TORONTO - The McGuinty government is giving all first-time homebuyers a break on land transfer tax by proposing to expand the Land Transfer Tax Refund Program to include purchases of resale homes, Finance Minister Dwight Duncan announced today.
"Expanding this Land … (2 comments)

 

Robert Morrow

Hamilton, ON

More about me…

Chase Realty Inc. Brokerage

Office Phone: (905) 648-3333

Cell Phone: (905) 536-4644

Email Me

Clicky Web Analytics

Clicky

Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.


Links

Archives

RSS 2.0 Feed for this blog