New Federal Budget Housing Announcements
<<<<<<<>>>>>>>
· A new first time home buyers credit for closing costs that will provide up to $750 in tax relief
· Change in home buyers RSP plan, withdrawal limit increased to $25,000 from the current $20,000
<<<<<<<>>>>>>>
· Temporary home renovations tax credit, up to $1,350 for eligible home renovations and alterations
Federal Budget Announcements
www.budget.gc.ca/2009
Home Renovation Tax Credit
www.cra-arc.gc.ca and www.fin.gc.ca