London, ON

Open House Friday November 20 & Sunday Nov 22 From 1-3PM at 1285 Blackmaple Drive (off of Highbury at Killaly Rd)

Features!

Looks and Feels Brand New!(Only 10 years old) Great Functional Kitchen Upgraded Carpet

Reid's Heritage Built Sunroom Double Garage Fenced Back Yard, 3 bedrooms

21/2 Bathrooms (Cheater Ensuite, Jacuzzi Type Tub) Central Vac Lower 60% Completed

Great Safe Family Neighbourhood Easy Access 401 & Airport

Close to Shopping, Schools and more All for only $244,900

Using Your RRSP to Buy or Build a Home in Canada

Through Canada's Economic Action Plan, the federal government is providing first-time homebuyers with additional access to their registered retirement savings plans (RRSPs) for home purchases, by increasing the Home Buyers' Plan (HBP) withdrawal limit.

About the Initiative

The HBP allows first-time homebuyers to withdraw amounts from an RRSP to purchase or build a home without having to pay tax on the withdrawal. The $5,000 increase in the HBP withdrawal limit -- to $25,000 from $20,000 -- applies to withdrawals made after January 27, 2009. This is the first increase in the withdrawal limit since the HBP was introduced in 1992. It allows a couple to withdraw up to $50,000 from their RRSP funds toward the purchase of their first home.

Amounts withdrawn are repayable in installments over a period not exceeding 15 years, starting the second year following the year the withdrawal was made.

How It Works

First-time homebuyers can visit their financial institution to withdraw RRSP funds under the HBP.

Who Is Eligible

First-time homebuyers are eligible. An individual is generally considered a first-time homebuyer if neither the individual nor the individual's spouse or common-law partner owned and lived in another home in the year the HBP withdrawal is made, 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, withdrawals may be made under the HBP, even if the first-time homebuyer requirement is not met.

How to Find Out More

For more information, please visit the Department of Finance Canada website or the Canada Revenue Agency website.

Of course, the easiest and less stressful way to find out more is to give me a call at 519-435-1600 if you are thinking of buying a home or condo in London Ontario

More Info:
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/menu-eng.html

2 STOREY HOME AT 416 STONEHAVEN PLACE IN HAZELDEN NORTH, OFF OF RIVERSIDE DRIVE AT HARTSON ROAD,

$412,900 4 BEDROOMS, 3 1/2 BATHS, INGROUND POOL AND MORE.

POWER OF SALE, YOUR CHANCE TO LIVE IN AN EXECUTIVE NEIGHBOURHOOD WITH GREAT SCHOOLS AT A LOW PRICE!

For more great homes in London for sale, I'm just an email away!

Dear Clients Past and Present:

My company and I strive to provide the best service possible but, as former Mother of the Year, Louise Heath Leber, once said, "There's always room for improvement, you know, it's the biggest room in the house!"

If you see any specific areas in which you think we could improve our service, I'd really appreciate hearing from you.

Feel free to call anytime, or just jot a comment or two right on the bottom of this letter. Your opinion matters to me and your input will make a difference. I guarantee it!

Thanks for taking the time to help me improve.

All my best,

Dan and Rachael Polakovic

Sales Representatives

Realty Executives Elite Ltd Brokerage London Ontario

www.two-realtors.com

First Time Homebuyers Tax Credit in Canada

About the Initiative

The HBTC will assist first-time homebuyers 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 homebuyers, who must also save for a down payment.

The $5,000 non-refundable HBTC amount will apply to qualifying homes acquired after January 27, 2009, and will provide up to $750 in federal tax relief.

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 the principal place of residence no later than one year after its acquisition.

Any unused portion of an individual's 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.

How It Works

First-time homebuyers purchasing a home will be able to claim the HBTC on their income tax returns, starting in 2009. 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 Is Eligible

First-time homebuyers are eligible. An individual is considered a first-time homebuyer 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 HBTC can be claimed, even if the first-time homebuyer requirement is not met.

How to Find Out More

For more information, please visit the Department of Finance Canada website or the Canada Revenue Agency website.