Home Buyer Incentives

Buying your first home is one of the largest investments of your life. Canada's Economic Action Plan introduces the First-Time Home Buyers'

(FTHB) Tax Credit and the expansion of the Home Buyers' Plan (HBP) to provide you with additional benefits and help you realize your dream of

homeownership.

First-Time Home Buyers' (FTHB) Tax Credit

The costs associated with purchasing a home, such as legal fees, disbursements and land transfer

taxes, can be a particular burden for first-time homebuyers who must pay these costs, as well as save

money for a down payment. To assist first-time homebuyers with the costs associated with the

purchase of a home, the Government of Canada introduced a FTHB Tax Credit in 2009 - a $5,000

non-refundable income tax credit amount on a qualifying home acquired after January 27, 2009. For an

eligible individual,* the credit will provide up to $750 in federal tax relief starting in 2009.

Expansion of the Home Buyers' Plan

To provide first-time homebuyers with greater access to their RRSP savings to purchase or build a

home, the Government of Canada has increased the Home Buyers' Plan withdrawal limit to $25,000

from $20,000 per person for withdrawals made after January 27, 2009.

Looking for More Homebuying Information?

When it comes to buying your home, nothing is more valuable than peace of mind. That's why for more

than 60 years, Canada Mortgage and Housing Corporation (CMHC) has shared a wealth of knowledge

and housing expertise to contribute to a positive homeownership experience for Canadians. Visit

www.cmhc.ca today, and browse through our wealth of homebuying information. You'll find everything

you need, from homebuying videos, to mortgage calculators, to home hunting worksheets.

CMHC also provides mortgage loan insurance that enables you to buy a home with as little as a 5%

down payment - with interest rates comparable to those with a 20% down payment. Obtain a 10%

premium refund and extend the amortization period without a premium surcharge when using

CMHC-insured financing to purchase an eligible energy-efficient home. This can add up to savings of

$1,688 for a typical $250,000 mortgage with a 5% down payment amortized over 35 years. Ask your

mortgage professional about CMHC.

To obtain more information on the First-Time Home Buyers' Tax Credit and the Home Buyers' Plan,

call 1-800-O-Canada or visit the Canada Revenue Agency website at www.cra.gc.ca.

*To find out if you are eligible, please visit www.cra-arc.gc.ca/gncy/bdgt/2009/fqhbtc-eng.html

Jennifer Zammit , A.C.C.I.

Executive Salesperson

Realty Executives Elite Ltd.

7-515 Wellington Road S.

London, Ontario, N6C 4R3

Tel: 519-649-6900

Cell: 519-933-5201

Fax: 519-649-6933

jenniferzammit@rogers.com

www.jenniferzammit.homesandlan

d.com