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tax credit: Home Renovation Tax Credit-a Lowe view - 02/07/09 03:15 PM
The home renovation giant Lowe's recently entered the Hamilton market and, to my understanding, has had huge success thus far (at least they spend an incredible amount on advertising).
So, perhaps their research is worth repeating.
Their lates survey states that the new Home Revovation Tax Credit in the 2009 Budget will make one in five Canadians more likely to undertake renovations in the next 12 months.
"For Canadians who may have been postponing their renovation projects,big or small, there is no better time to invest in their home and takeadvantage of the temporary tax credit," said Lowe's Canada president, Don … (1 comments)

tax credit: 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)

 

Robert Morrow

Hamilton, ON

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


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