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Hi Everyone,

The 2009 Federal Budget has passed! Included are some parts of the stimulus package that has been CREATED FOR YOU to get out there and contribute to the economy. The incentives are incredible!

Here is a quick list:

The HRTC (home renovation tax credit)

A tax credit that will allow homeowners to claim 15% of their renovations started no later than February 10, 2009. You can claim these renovation costs from $1,000.00 to $10,000.00 on your 2009 tax return for a maximum tax credit of $1,350.00. The credit is available for both homes and cottages.

“Green” initiatives:

The Feds have committed $300 million over the next 2 years into energy retrofit programs.

The Homebuyers plan (HBP)

The eligible amount first-time homebuyers can borrow from RRSPs has been raised from $20,000.00 to $25,000

Closing cost credit

The Conservative government will give first-time home buyers a tax credit of up to $5000 on the closing costs of the purchase of a new home. That means a savings of up to $750 when you file your tax return.

Dont forget, Scotia bank and the “Free Down Payment” option still available!

Rates look something like this right now: 4.49% 5 year fixed, 3.5% 1 year fixed, 4% 5 year variable (prime +1)

Get out there and get a piece of the stimulus package!

If you want me to help you find some direction, dont hesitate 613/868-4383 or leave me a comment here!

“Free Down Payments”, historical low rates, downward trending house prices, and closing cost credits!

Are you KIDDING ME?

GO GO GO!