Help from Gov’t incentives in Canada

With thanks to John Hudson, who sent me the following:
Buyers and Home Owners are jumping into the market and taking advantage of our great mortgage rates and government incentives. I wanted to remind you of the government options available. I’ve included the websites for you.

First Time Homebuyer Tax Credit – Non refundable tax credit based on an amount of $5,000 and worth up to $750 for 2009.
http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhbtc-eng.html

CMHC Purchase Plus Improvement — At First National we’ll advance up to 10% of the mortgage amount to a maximum of $30,0000.
http://cmhc.ca/en/hoficlincl/moloin/hopr/upload/CMHC-Improvement.pdf

Home Renovation Tax Credit — The credit applies to eligible expenditures of more than $1,000 but not moer than $10,000 resulting in a maximum credit of $1,350
http://www.budget.gc.ca/2009/pamphlet-depliant/pamphlet-depliant3-eng.asp FAQ site: http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhmrnvtn-eng.html

Live Smart BC — Efficiency Incentive Program — The Federal and Provincial governments are both offering real incentives to make homes more energy efficient.
http://www.livesmartbc.ca/homes/h_rebates.html

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