Here is a little information thanks to Dean Del Mastro M.P. regarding First-Time Home Buyers' Tax Credit.
The fees associated with purchasing a first home can really add up. To help Canadians with these costs, our Conservative Government introduced the First-Time Home Buyers' Tax Credit. The credit allows Canadians to save up to $750 on qualifying homes purchased after January 27, 2009.
The First-Time Home Buyers' Tax Credit is also available to existing homeowners who are eligible for the Disability Tax Credit (DTC) who purchase a more accessible or functional home, or for the benefit of a DTC eligible person who is related to the individual purchasing the home.
Home Buyer's Plan
For many first-time home buyers or builders, saving for a down payment can be the most challenging part. To help Canadians saving for their first big purchase, our Conservative Government raised the amount Canadians can withdraw from their Registered Retirement Savings Plans (RRSP) for a down payment on their first home.
Through Canada's Economic Action Plan, our Conservative Government increased the maximum Canadians can withdraw from their RRSPs for a home purchase to $25,000. Through these important actions, our Conservative Government is helping Canadians realize their dream of buying a new home.
For More Information call 1-800-959-8281 or visit WWW.CRA-ARC.GC.CA
Facebook Badge
Tuesday, February 14, 2012
Friday, January 13, 2012
Are You A Commuter?
In today's society it is not uncommon that someone commutes an hour even two hours to work each day. Do you live in the Peterborough area and commute? If you're sick of it and ready to sell your Peterborough home and move to the big city this is a great article for you that could save you a lot of money on your taxes. Take a read...
If you made a move in 2011 to significantly reduce your daily commute and kept all of your receipts, you can save yourself a chunk of money when you file your tax return.
As a result of a recent Tax Court of Canada decision, you can now deduct moving expenses if you moved to a new residence more than 40 kilometres closer to your workplace, even if you didn’t get a new job.
Glen Wunderlich was living in Toronto in mid-2004 when he accepted a position with the Burlington company Boehringer Ingelheim (Canada) Ltd. Upon receiving a promotion from the same company in early 2007, he decided to move to Oakville.
In determining his income for 2008, Wunderlich claimed moving expenses of $33,160. The Canada Revenue Agency denied these expenses on the basis that he did not have “a new work location.”
On appeal, Tax Court Judge Wyman Webb ruled that under the Income Tax Act an “eligible relocation” simply means “a relocation of a taxpayer...to enable the taxpayer to be employed at a location in Canada.” There is no actual requirement that there be a move from “an old work location” to “a new work location.”
As authority for his interpretation, he cited a previous decision of Justice C. Miller in Gelinas v. The Queen allowing moving expenses when a taxpayer moved from a part-time job to a full-time job with the same company.
The Judge also found that there is nothing in the legislation establishing a time period within which a move must occur following the commencement of employment at a new work location. Therefore, he said expenses are deductible even if the taxpayer moves at least 40 kilometres closer to his workplace months or even years after he starts working at a new job.
Therefore Wunderlich’s appeal was allowed, and the matter was referred back to the Minister of National Revenue for reassessment on the basis that he was entitled to deduct moving expenses of $33,160 in determining his 2008 income.
And because he refused to take no for an answer, you and other taxpayers in a similar position can now also benefit from his perseverance
Revenue Canada ruling on Moving closer to a job in Toronto Star Business News this morning. This in a great tip to anyone who moves 40km closer to where they work whether they change jobs or not….
If you made a move in 2011 to significantly reduce your daily commute and kept all of your receipts, you can save yourself a chunk of money when you file your tax return.
As a result of a recent Tax Court of Canada decision, you can now deduct moving expenses if you moved to a new residence more than 40 kilometres closer to your workplace, even if you didn’t get a new job.
Glen Wunderlich was living in Toronto in mid-2004 when he accepted a position with the Burlington company Boehringer Ingelheim (Canada) Ltd. Upon receiving a promotion from the same company in early 2007, he decided to move to Oakville.
In determining his income for 2008, Wunderlich claimed moving expenses of $33,160. The Canada Revenue Agency denied these expenses on the basis that he did not have “a new work location.”
On appeal, Tax Court Judge Wyman Webb ruled that under the Income Tax Act an “eligible relocation” simply means “a relocation of a taxpayer...to enable the taxpayer to be employed at a location in Canada.” There is no actual requirement that there be a move from “an old work location” to “a new work location.”
As authority for his interpretation, he cited a previous decision of Justice C. Miller in Gelinas v. The Queen allowing moving expenses when a taxpayer moved from a part-time job to a full-time job with the same company.
The Judge also found that there is nothing in the legislation establishing a time period within which a move must occur following the commencement of employment at a new work location. Therefore, he said expenses are deductible even if the taxpayer moves at least 40 kilometres closer to his workplace months or even years after he starts working at a new job.
Therefore Wunderlich’s appeal was allowed, and the matter was referred back to the Minister of National Revenue for reassessment on the basis that he was entitled to deduct moving expenses of $33,160 in determining his 2008 income.
And because he refused to take no for an answer, you and other taxpayers in a similar position can now also benefit from his perseverance
Wednesday, December 28, 2011
Confessions of a Peterborough Realtor
The year is coming to an end and I've been going through old files and getting geared up for another year. As I was looking through my old blog posts I found this one and had a good laugh and felt the need to post it again. If you have already read it, thanks for stopping by again, if not enjoy my story of selling our family home in Sarnia.
I wanted to write this evening about something a little different, not mortgages, green homes or tips on buying or selling, I wanted to write about the experience I had when we sold our family home eight years ago.
When I was four years old I remember my parents taking my sisters and I to see the new big dream home we were going to live in. It still had fake deer that the current owners had put in the garden for decoration and I thought that was the BEST THING EVER. To my dismay the fake deer were gone when we moved in, but I still loved our new home. As we all grew older the basement was finished, the backyard spruced up and every room was up to date with the latest interior decor trends. Just when it seemed every part of our home couldn’t get any better my parents broke the news, we were moving. Us kids had all grown up, almost all moved out and my parents needed a change in scenery. I hoped they would redo the living room again, but they insisted the house was too big and our time in Sarnia had come to an end.
The day the real estate agent put his sign up on the lawn I thought it was the ugliest landmark on the street and refused to accept that our time on Errol Road was coming to an end. Our house did sell as all homes eventually do and boxes we had to pack. It was hard on us all, but we had to say goodbye to our home of fifteen years. I hated every moment of selling our home, but you know what, I’m glad I went through it. I believe it has made me a better realtor. I’ve been working with clients who know a new home is needed for their situation, but are having a difficult time selling and saying goodbye to their home and I really do sympathise with these clients. I understand how hard a move can be on a family. Usually when people are moving it’s during a time of change, and change can be stressful.
Hopefully you're getting ready to move because you're moving into your first home, you're a newlywed or expecting another baby, but there are changes in life that require a new home that aren’t so welcomed. Our goal is to help make your transition in life easier. So, if you’re about to make a move that is stressing you out, call us, we know it can be hard and want to help you. We won’t even get mad if your kid runs over the for sale sign with their bike, I’d be a hypocrite if I did.
-Jane Ross
sales representative
I wanted to write this evening about something a little different, not mortgages, green homes or tips on buying or selling, I wanted to write about the experience I had when we sold our family home eight years ago.
When I was four years old I remember my parents taking my sisters and I to see the new big dream home we were going to live in. It still had fake deer that the current owners had put in the garden for decoration and I thought that was the BEST THING EVER. To my dismay the fake deer were gone when we moved in, but I still loved our new home. As we all grew older the basement was finished, the backyard spruced up and every room was up to date with the latest interior decor trends. Just when it seemed every part of our home couldn’t get any better my parents broke the news, we were moving. Us kids had all grown up, almost all moved out and my parents needed a change in scenery. I hoped they would redo the living room again, but they insisted the house was too big and our time in Sarnia had come to an end.
The day the real estate agent put his sign up on the lawn I thought it was the ugliest landmark on the street and refused to accept that our time on Errol Road was coming to an end. Our house did sell as all homes eventually do and boxes we had to pack. It was hard on us all, but we had to say goodbye to our home of fifteen years. I hated every moment of selling our home, but you know what, I’m glad I went through it. I believe it has made me a better realtor. I’ve been working with clients who know a new home is needed for their situation, but are having a difficult time selling and saying goodbye to their home and I really do sympathise with these clients. I understand how hard a move can be on a family. Usually when people are moving it’s during a time of change, and change can be stressful.
Hopefully you're getting ready to move because you're moving into your first home, you're a newlywed or expecting another baby, but there are changes in life that require a new home that aren’t so welcomed. Our goal is to help make your transition in life easier. So, if you’re about to make a move that is stressing you out, call us, we know it can be hard and want to help you. We won’t even get mad if your kid runs over the for sale sign with their bike, I’d be a hypocrite if I did.
-Jane Ross
sales representative
Tuesday, December 27, 2011
Capturing The Home's Best Features
When listing a home our team often invests in a professional commercial photographer to take photos that best display all the features the home has to offer. These photos are posted on numerous websites and of course MLS. Potential buyers are looking at these photographs and the more attractive and clear the photos are the more likely these buyers will call their agent to make sure they book a private showing. Now a little about Colin Rycroft our go to commercial photographer:
To view some of his studio work visit www.colinrycroft.com
This is a little something extra our team likes to do for our clients; a picture says a thousand words and sometimes makes the difference when selling a house.
-Jane Ross
Sales Representative
Colin was born and raised in Whitby, Canada and graduated with honours from the Creative Photography Program at Humber College of Applied Arts and Technology in Toronto, Canada. Colin also earned the Academic Award of Excellence for the highest grade in his program.
Colin enjoys all genres of photography, but his focus is commercial still life photography. The ability to control the subject and its lighting, and mould the image into his creative vision, is what draws him to the genre. To view some of his studio work visit www.colinrycroft.com
This is a little something extra our team likes to do for our clients; a picture says a thousand words and sometimes makes the difference when selling a house.
-Jane Ross
Sales Representative
Sunday, September 25, 2011
A Happy Client :)
This is what one of our clients had to say...
"They were extremely helpful. They were kind, thoughtful, more than willing to help in every way. I don't believe they could treat best friends much better. On top of this they were a pleasure to be with."
-Ruth S.
We always love to hear feedback from our clients! Thank you Ruth for your kind words.
-Jane Ross
Sales Representative
"They were extremely helpful. They were kind, thoughtful, more than willing to help in every way. I don't believe they could treat best friends much better. On top of this they were a pleasure to be with."
-Ruth S.
We always love to hear feedback from our clients! Thank you Ruth for your kind words.
-Jane Ross
Sales Representative
Monday, June 13, 2011
What First Time Buyers Are Saying
"In under a month, we have bought our perfect first home and are anxiously awaiting our move in date. John and Jane went the extra mile and then some. I highly reccommend them as well as Bowes & Cocks. In general this has been a PERFECT first time home buying experience! Thanks so much!
-Curtis Plumton and Carley Bolton
-Curtis Plumton and Carley Bolton
Wednesday, April 20, 2011
Looking For Someone To Stage Your House? Look No Further!
Our team has recently used Home On Display to stage one of our listings. They did a wonderful job. At the first open house many people commented on how lovely the house was and the warm feeling they had from walking through it. As a result we had two offers by Sunday and the home was SOLD solid within 48 hours of putting it on the market and our clients received more than the asking price. Staging helps sell a home in many ways including making people feel comfortable and able to visualize their furniture in the space, often times if it is empty it looks much smaller than it really is. So if you were to ask me, is staging your home effective? YES and Home On Display are just the people to help you with your staging needs. Here is some information about this great local company.
Home On Display – Home Staging and Rental Furniture Peterborough, is a local home staging and rental furniture company -- the perfect complement to the services of a professional real estate agent.
Home On Display provides clients with consultations to help them sell their homes more quickly and for the best possible price. The results are spectacular: Home on Display client homes sell in HALF the time of the Real Estate Board average. For clients with vacant spaces, Home On Display will supply rental furniture, artwork and accessories.
The team at Home on Display is truly passionate about helping homeowners, real estate agents, builders and property investors create spaces that buyers fall in love with. They take great pride in every SOLD sign they are able to help achieve.
When asked what makes Home on Display a uniquely successful consulting service, Home Staging Professional Karen Searle says: “It’s all about a team approach. Selling a client’s property as a team with the homeowner, real estate agent and Home on Display ensures that the selling process is less stressful and more enjoyable for clients.” Karen says nothing makes her happier than seeing the fruits of that approach – often watching homes sell at or even over asking-price after just days on market.
Home on Display stagers know how to appeal to buyers. They are skilled at helping homeowners showcase their properties to appeal to the widest cross-section of potential buyers. Their team of staging professionals assess challenges to the condition and saleablilty of the home and make recommendations to the home seller, helping them sell their property quickly and for the highest possible return.
This approach, this passion and this record of success is why Home on Display – Home Staging and Rental Furniture Peterborough is the fastest growing home staging company in the Kawartha Lakes.
For more information on how to get your home sale-ready, please contact us at 1-877-859-7112 and let us help your property STAND OUT AGAINST THE COMPETITION.
http://www.homeondisplayblog.com/
http://www.karensearle.ca/
http://www.homeondisplay.ca/
Sales Representative
-Jane Ross
Home On Display – Home Staging and Rental Furniture Peterborough, is a local home staging and rental furniture company -- the perfect complement to the services of a professional real estate agent.
Home On Display provides clients with consultations to help them sell their homes more quickly and for the best possible price. The results are spectacular: Home on Display client homes sell in HALF the time of the Real Estate Board average. For clients with vacant spaces, Home On Display will supply rental furniture, artwork and accessories.
The team at Home on Display is truly passionate about helping homeowners, real estate agents, builders and property investors create spaces that buyers fall in love with. They take great pride in every SOLD sign they are able to help achieve.
When asked what makes Home on Display a uniquely successful consulting service, Home Staging Professional Karen Searle says: “It’s all about a team approach. Selling a client’s property as a team with the homeowner, real estate agent and Home on Display ensures that the selling process is less stressful and more enjoyable for clients.” Karen says nothing makes her happier than seeing the fruits of that approach – often watching homes sell at or even over asking-price after just days on market.
Home on Display stagers know how to appeal to buyers. They are skilled at helping homeowners showcase their properties to appeal to the widest cross-section of potential buyers. Their team of staging professionals assess challenges to the condition and saleablilty of the home and make recommendations to the home seller, helping them sell their property quickly and for the highest possible return.
This approach, this passion and this record of success is why Home on Display – Home Staging and Rental Furniture Peterborough is the fastest growing home staging company in the Kawartha Lakes.
For more information on how to get your home sale-ready, please contact us at 1-877-859-7112 and let us help your property STAND OUT AGAINST THE COMPETITION.
http://www.homeondisplayblog.com/
http://www.karensearle.ca/
http://www.homeondisplay.ca/
Sales Representative
-Jane Ross
Subscribe to:
Posts (Atom)
Subscribe To
Posts
All Comments