If you purchased a home in 2012 you may qualify to claim a $5,000 tax credit if you and the home you bought “qualify.” Check this short video or read on below it to find out if you and the home qualify. Do you qualify? You or your spouse or your common-law partner must have [...]
The government’s plan to reduce corporate income tax on profits generated through the development of new rental properties are being met with praise from the real estate industry. The 2012-13 provincial budget will provide a ten percent tax break to builders who construct multi-family projects of eight or more units over the next ten years. [...]
Last week, I wrote a brief post providing details on the Saskatchewan Party’s plan to provide a tax credit to first-time home buyers that would save then up to $1,100 when purchasing their first home. I’ve just been reviewing the housing strategy for the New Democratic Party (NDP), which is substantially more comprehensive. According to [...]
From the Star Phoenix website today: “The Saskatchewan Party says a new tax credit for first-time homebuyers would make home ownership a little more affordable. On the campaign trail in Regina on Thursday, Premier Brad Wall pledged to introduce a non-refundable income tax credit to all first-time homebuyers that would result in an income tax [...]
City council, this week, approved a new program that would provide down payment assistance to middle income renters. The objective of the program is to free up units in our low vacancy rental market while opening the door to home ownership for some who have the financial capability of servicing a mortgage but have not [...]
Star Phoenix reporter Dave Hutton says that the City of Saskatoon is reviewing downtown housing incentives in hopes of finding better ways to attract new residents to the area. Over nearly a decade, the city has provided $4.8 million worth of tax abatements to people buying homes in various condo projects. Dave reports that this [...]
The opportunity to take advantage of Canada’s Home Renovation Tax Credit expires at midnight on January 31. Obviously, the clock has run out when it comes to hiring a contractor but a quick trip to your favorite home renovation store might be in order if home improvements are part of your plan over the next [...]
Installing a high-efficiency furnace in your home is certainly good for the environment, and it’s also good for the household budget, in some cases reducing energy costs by more than thirty percent. In fact, according to SaskEnergy, “upgrading your heating equipment is the best improvement you can make to save energy and money.” The chart [...]
The trades training centre at Mount Royal Collegiate will undergo a $3.6 million dollar expansion in a joint effort between the federal and provincial government according to a story on the Star Phoenix website. Nearly $3.2 million dollars in funding will be provided by Western Economic Diversification Canada while the province contributes roughly $366,000. “In [...]
Part of “Canada’s Economic Action Plan” includes a Home Renovation Tax Credit that could help you save up to $1,350 on eligible home improvements when goods are purchased or professional services are performed after January 27, 2009 and before February 1, 2010. The Home Renovation Tax Credit is a federal non-refundable tax credit based on [...]
According to the Saskatoon Star Phoenix, “Saskatoon city council’s executive committee approved a new mortgage support program on Tuesday to help low- and moderate-income people get into the housing market. “Under the program, which will replace the home start affordable housing initiative, people with a household income of $52,000 or less will be given a [...]
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