The 1st Time Home Buyer's Plan has a newly increased withdrawal limit of $25,000 from $20,000 to assist 1st Time Home Buyers by allowing them to withdraw from their RRSPs to buy a home. Eligible couples can now withdraw up to $50,000.
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/menu-eng.html
The 1st Time Home Buyer's Tax Credit is a new tax credit of up to $750 to help 1st Time Home Buyers with closing costs such as land transfer taxes and legal fees.
Visit the following website for additional information:
The Home Renovation tax credit is a new temporary tax credit of up to $1,350 for homeowners who renovate. The credit will only be available for the 2009 tax year and applied to eligible expenditures of more than $1,000 but not more than $10,000, resulting in a maximum credit of $1,350 ($9,000 x 15%).
Visit the following site for additional information and a list of eligible expenditures:
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The Real Estate Board of Greater Vancouer just released the latest statistics for January. Please click on the following link: January Stats
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