May 242012
 
Are you a Mortgagor or Mortgagee

Do you give a mortage or take a mortgage? Most people have a mortgage on their home. Most people assume that they are the mortgagee and they “took out a mortgage” on their home. I have yet to hear someone say ” I gave a mortgage on my home”, but in fact, that is what … Continue Reading

Apr 202012
 
Land Transfer Tax Refunds

First-time home buyers may save up to $2,000.00 First time home buyers who meet the following eligibility requirements may be funded up to $2,000 of their Land Transfer Tax payment. The purchaser must occupy the home as his or her principal residence no later than nine months after the date of the conveyance or disposition. … Continue Reading

Apr 192012
 
First Time Home Buyer's Tax Credit

A non-refundable tax credit of up to $750.00 You can claim an amount of $5,000 for the purchase of a qualifying home made in 2011, if both of the following apply: You or your spouse or common-law partner acquired a qualifying home. You did not live in another home owned by you or your spouse or … Continue Reading

Apr 192012
 
Home Buyer's Plan

The Home Buyer’s Plan is not new! But it does bear repeating.   Did you know that you can withdraw up to $25,000 from  your registered retirement plan? The Home Buyers’ Plan (HBP) is a program that allows you to withdraw funds from your registered retirement savings plan (RRSPs) to buy or build a qualifying home … Continue Reading