Government programs for Home Owners
If you own a home or are planning to buy one soon, here are some programs available to you as a resident of Canada. This is an incentive from Canada Revenue Agency that makes home ownership a bit easier. Home Buyers Plan Withdraw up to $20,000 from your RRSP to buy a qualifying home under this program. Tax Credit for First Time Home Buyers Claim a non-refundable tax credit of up to $750 on your...
Read MoreEnergy Efficiency
The Agence de l’efficacité énergétique (AEE) (Agency for Energy Efficiency) in quebec has made a lovely site on energy efficiency. Apart from the normal offers from government on upgrading to higher efficiency appliances an gadgets, there is an online tool of this funny man who you can pull by the hand and click on stuff that will help him save energy. You have to drag him to different rooms...
Read MoreWater Conservation – tips to preserve
Think about it: Its day break and you have to walk couple miles to bring a pale of water so you and your family can use it to make food and other important to-do’s. This is common place in most under developed countries. Most of us living in the west have little or no idea of how seriously precious this natural resource is because for us fresh water flows without any hindrance or pain. Here...
Read MoreHow Much Can I Afford?
The shortest answer to that question is: it depends on a number of factors. The most important are your gross household income, your down payment and the mortgage interest rate. Lenders will also consider your assets and liabilities. Your own lifestyle and debt comfort zone also come into play. Use the Mortgage Calculator to estimate the maximum mortgage you can afford. This calculation is based...
Read More5 Steps to your financial freedom
Getting financially stable is doable and can be achieved. You just need the right attitude and some time to get the freedom you deserve. Millions of Canadian households are getting crunched. More than swine flu or SARS, its this disease the government needs to focus. But that would never happen because of the special interest groups running the establishment. Its up to us, consumers, to help out...
Read MoreAdvantages and programs available for Home Buyers
The type of property you buy should reflect the purpose of the purchase. Are you buying for your own use or as a investment to rent or fix and flip? Buying a property for investment will be covered in another post. In this article the benefits of buying a home for personal use is covered: Appreciation You may build equity if your home goes up in value. History is on the side of home ownership...
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