Tax Rebates - Government Programs. AND Harmonizing of GST.

As many are aware we will likely have to not only charge 5% on our commissions, but an additional tax to a total of 13% on Realtor Commissions. However I thought it would be good to provide a summary of the rebate programs available by the Provincial and Federal Governments.

Home Buyers Plan A Program that allows you to withdraw up to $ 25,000 from your RRSP towards buying or building a qualifying home for yourself or for a related person with a disability .

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

Home Renovation Tax Credit You can qualify for $ 1, 350 on home renovations if they are completed by next February.

http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhmrnvtn-eng.html

First Time Buyer's Tax Credit First time buyers are getting assistance from the government. You can now qualify up to $ 750.00 on your closing costs.

http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhbtc-eng.html

Eco Energy Retrofit Program Should you decide to improve the energy efficiency of your home, an energy audit is completed on your home. You can qualify up to a maximum of $ 5000.00

http://www.ecoaction.gc.ca/index-eng.cfm

Land Transfer Rebate The Land transfer tax rebate program for First time Buyers is available and pays to a maximum of $ 2000.00

http://www.rev.gov.on.ca/english/bulletins/ltt/1_2008.html

The links work at time of posting , additional information can be found on my blog www.carlstars.com/blog

All information deemed reliable but not guaranteed.