Tuesday, January 22, 2013

When it's Over, ..... It's Over

Do You Know a First Time Home Buyer?

The Provincial Government will send you a TAX FREE cheque for 10,000 dollars if you buy a qualifying condo by March 31, 2013 and you are a first time home buyer.
To get the cheque for 10,000:
*You must be a first time home buyer
*You must have an income below 150,000 (for higher incomes you can get a partial bonus)
*The home must be new (the bonus is 5% of the purchase price of the home to a maximum $10,000 bonus.
*The sale must be complete by March 31, 2013.

For all the details visit http://www.tinyurl.com/10000bonus


Zero PTT - Property Transfer Tax. (PTT) This tax is zero for first-time buyers of the properties with a price below $425,000 (pre-tax). If two people are buying equally and only one is a first-time buyer, then you pay half the tax.

Using RRSPS - Any first-time buyer or people who haven't owned property in the past 4 years can borrow up to $25,000 tax free from their RRSP.

750 Tax Credit - First-Time Home Buyers Tax Credit (HBTC). This is a tax credit (cash!) of $750 for both first-time buyers and buyers who have not owned property in the past 4 years.

For all the government tax credits go here: 

This information brought as a service to you buy House Smart Home Improvements, professionals in energy-efficient home improvements like windows, doors, furnaces and heat pumps, plus a whole lot more. Visit us at http://www.housesmarthomeimprovements.com or call 604-585-2020.

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