Moncton One Of Top Five Safe Havens For Real Estate In Canada

Canadian Real Estate magazine has selected Moncton as one of the Top 5 Safe Havens for Real Estate in Canada. Here is the list of the Top 5 Safe Havens - ‘low-risk investment areas’ in Canada:
1. Victoria
2. Winnipeg
3. Kitchener Waterloo
4. Barrie
5. Moncton

Home Renovation Tax Credit Plan

I'm sure you are curious about what is entailed in the Federal Government’s New "Home Renovation Tax Credit Plan" announced earlier this year.  Here is the link to the site should you wish to review the site your self.

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

First Time Home Buyer Plan Withdrawal Limit Increase

The 2009 Federal Budget introduced the following changes affecting Retirement Savings Plans (RSP):

  • The Home Buyers’ Plan (HBP) maximum withdrawal limit has been increased to $25,000 from $20,000 for withdrawals made after January 27, 2009.

Additional Information:

How much can I withdraw from my RRSP under the HBP?

  • For withdrawals made after January 27, 2009, the maximum amount that you can withdraw from your RRSP to purchase or build a qualifying home without having to pay tax on the withdrawal is $25,000.
 

 
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