Saturday, 31 January 2009

2009 Canadian Budget - Incentives For Housing

Moncton area home owners, recent buyers of new construction, and potential home buyers (first time or otherwise) are all offered incentives in the proposed 2009 federal budget.

Here is a link to a summary of the incentives:

One of the incentives, the Home Renovation Tax Credit, is only offered for the next twelve months so it would be wise to start planning now. Note to recent purchasers of new construction - the Home Renovation Tax Credit applies to driveway paving and landscaping.

The First-Time Home Buyers’ Tax Credit is a three year program and even applies to individuals who have owned before as long as it was not in the calendar year of the home purchase or in any of the four preceding calendar years.

(If you have not already engaged a licensed real estate professional to advise you about real estate please feel free to contact me.)