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	<title>MahmudNaqvi.com &#187; Government Programs</title>
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	<description>Connecting Buyers &#38; Sellers</description>
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		<title>Government programs for Home Owners</title>
		<link>http://mahmudnaqvi.com/blog/government-programs-for-home-owners/</link>
		<comments>http://mahmudnaqvi.com/blog/government-programs-for-home-owners/#comments</comments>
		<pubDate>Tue, 12 Jan 2010 20:49:34 +0000</pubDate>
		<dc:creator>Mahmud Naqvi</dc:creator>
				<category><![CDATA[Frequent Questions]]></category>
		<category><![CDATA[CRA]]></category>
		<category><![CDATA[Government Programs]]></category>

		<guid isPermaLink="false">http://mahmudnaqvi.com/blog/?p=246</guid>
		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p>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.<br />
<a href="http://mahmudnaqvi.com/blog/government-programs-for-home-owners/"><img class="aligncenter size-full wp-image-250" title="Government programs for Home Owners" src="http://mahmudnaqvi.com/blog/wp-content/uploads/save.jpg" alt="" width="336" height="108" /></a><span id="more-246"></span></p>
<ul>
<li><strong>Home Buyers Plan</strong><br />
Withdraw up to $20,000 from your RRSP to buy a qualifying home under this program.</li>
<li><strong>Tax Credit for First Time Home Buyers</strong><br />
Claim a non-refundable tax credit of up to $750 on your 2009 income tax and benefit return for the purchase of a qualifying home acquired after January 27, 2009.</li>
<li><strong>GST/HST New Housing Rebate</strong><br />You may qualify for a rebate of part of the GST/HST that you paid on the purchase price or cost of building your new house, on the cost of substantially renovating or building a major addition onto your existing house, or on converting a non-residential property into a house.</li>
<li><strong>Home Renovation Tax Credit</strong><br />
Get upto $1350 tax credit on your 2009 taxes for renovation or alterations.</li>
<li><strong>Medical Expense Tax Credit</strong><br />
Renovation or alteration expenses that improve access for persons with disabilities</li>
<li><strong>Provincial credits you can claim on your tax return</strong><br />
Ontario property tax credit and Senior Homeowners&#8217; Property Tax Grant.</li>
<li><strong>Working at home</strong><br />
Home expenses you can claim</li>
</ul>
<p>You can get more details from the <a href="http://www.cra-arc.gc.ca/myhome/">CRA website</a> dedicated to these programs and incentives.</p>
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