cost savings

forms

cost savings

The following are government programs & incentives currently being offered.

HOME RENOVATION CREDIT

A non-refundable tax credit for work performed or goods acquired in respect of an eligible dwelling

Will be available for the 2009 tax year and applies to eligible expenditures of more than $1,000. but no more than $10,000., resulting in a maximum credit of $1,350. ($9,000 X 15%)

CLICK ON LINK ABOVE FOR DETAILS

ecoENERGY RETROFIT-HOMES

ecoENERGY Retrofit – Homes provides home and property owners with grants up to $5,000 per unit to offset the cost of making energy efficiency improvements

www.co2re.ca/ This will take you to the information on the provincial grants

CLICK ON LINKS ABOVE FOR DETAILS

HOME BUYERS PLAN

Allows first-time home buyers to withdraw up to $25,000 from a RRSP to purchase or build a home

Two first-time home buyers puchasing a home jointly (e.g. married or common law) with sufficient RRSP funds in each of their names may now together withdraw up to $50,000 from their RRSP funds

CLICK ON LINK ABOVE FOR DETAILS

FIRST TIME HOME BUYERS' TAX CREDIT

The costs associated with purchasing a home, such as legal fees & disbursements can be a particular burden for first-time home buyers, who must pay these costs on top of saving the money for a down payment

This will come in the form of a tax credit on your 2009 Income Tax Return

CLICK ON LINK ABOVE FOR DETAILS

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