Category Archives: Canadian Real Estate

Announcement: Canadian First-Time Home Buyers Tax Credit (HBTC)

Canadian First-Time Home Buyers Tax Credit (HBTC)

 

Canadian First-Time Home Buyers Tax Credit (HBTC)
Canadian First-Time Home Buyers Tax Credit (HBTC)

Canadian First-Time Home Buyers Tax Credit (HBTC) assists first-time home buyers with the costs associated with the purchase of a home, such as legal fees, disbursements and land transfer taxes, which are a particular burden for first-time home buyers, who must also save for a down payment. Canadian First-Time Home Buyers Tax Credit (HBTC) amount applies to qualifying homes acquired after January 27, 2009, and provides up to $750 in federal tax relief.

An individual is considered a first-time home buyer if neither the individual nor the individual’s spouse or common-law partner owned and lived in another home in the year of the home purchase or in any of the four preceding calendar years. Special rules apply for the purchase of homes that are more accessible or better suited to the personal needs and care of an individual who is eligible for the Disability Tax Credit. In these situations, the Canadian First-Time Home Buyers Tax Credit (HBTC) can be claimed, even if the first-time home buyer requirement is not met.

A qualifying home is generally considered to be a housing unit located in Canada that the individual or individual’s spouse or common-law partner intends to occupy as their principal place of residence no later than one year after its acquisition.

www.Flipping4Profit.ca
www.Flipping4Profit.ca

Any unused portion of an individual’s Canadian First-Time Home Buyers Tax Credit (HBTC) may be claimed by the individual’s spouse or common-law partner. When two or more eligible individuals jointly purchase a home, the credit may be shared but the total credit amount claimed cannot exceed $5,000.

Claimants should ensure that documentation supporting the purchase transaction is available if requested by the Canada Revenue Agency. Claimants are also responsible for making sure that all applicable eligibility conditions are met.

Who Will Benefit

First-time home buyers purchasing a home may claim the Canadian First-Time Home Buyers Tax Credit (HBTC)  on their income tax returns, starting with the 2009 taxation year.

 
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Loan program to help 15 Peterborough renters afford a down payment

Loan program to help 15 Peterborough renters afford a down payment

Loan program to help 15 Peterborough renters afford a down payment  is available to people who are renting and have a total household income of up to $69,800.00 The household must purchase a house for $254,000

 

Loan program to help 15 Peterborough renters afford a down payment

Loan program to help 15 Peterborough renters afford a down payment will give renters who need a little boost the opportunity to become homeowners — people who can carry a mortgage but can’t put together a down payment. When the sale of the homes closes, the loan is registered as a second mortgage.

 

Loan program to help 15 Peterborough renters afford a down payment  is administered through the City. For more information on how to apply, contact the City’s housing division at 705-742-7777 ext. 4663 or email housing@peterborough.ca

 

Learn more by attending Canadian Real Estate Investors seminar LIVE training at www.Flipping4Profit.ca

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Forgivable Canadian Grants for Canadian Real Estate

 

Forgivable Canadian Grants for Canadian Real Estate

Aside from business grants the government also provide Home Owners, Canadian Real Estate Investors and Real Estate few grants to help them buy homes, renovate them and for other purposes. We will be sharing what is available for Home Owners and Canadian Real Estate Investors for Forgivable Canadian Grant for Real Estate. most of these Forgivable Canadian Grants are for:

 

  • Home Owners/Renters
    Canadian Real Estate Grants
    Canadian Real Estate Grants
  • Real Estate Investors
  • Emergency Repair
  • Seniors
  • Disable Canadians
  • Entrepreneurs

 

These Canadian Grants are available for all citizens who live and pay taxes in Canada, if you need these Canadian Grants, which most of them are Forgivable, you must apply and do not delay.

 

 

 

 

Order your copy today for

$249.99+shipping + HST

 




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