Federal Housing Initiatives

• Temporary Home Renovation Tax Credit that will provide up to $1,350 in tax relief for work performed, or goods acquired, after January 27, 2009 and before February 1, 2010
• ecoENERGY Retrofit program provides up to $10,000 ($5,000 from the Government of Ontario) in grants for qualifying retrofits
• Book a Home Evaluation Online
• Current Grant Table -- Grant Table (March 30, 2009)
• First Time Home Buyers
• Increased the Registered Retirement Savings Plan withdrawal to purchase or build a home by increasing the Home Buyers’ Plan withdrawal limit to $25,000 from $20,000.
• First-Time Home Buyers’ Tax Credit for an eligible individual will provide up to $750 in federal tax relief starting in 2009 to assist first-time home buyers with the costs associated with the purchase of a home
• First-time buyers of resale homes, as well as newly constructed homes, will be eligible for a refund from the provincial government of up to $2,000 of the Land Transfer Tax paid.