Budget 2009 - Understanding New Home Buyers Plan Home Renovation Tax Credit - 2009 Budget EcoEnergy Retrofit Program Proposal - 2009 Budget First Time Home Buyers Credit - 2009 Budget  April 2009 Edition      Budget 2009 - Understanding New Home Buyers Plan Budget 2009 - Understanding New Home Buyers Plan In the federal budget tabled January 27, 2009, the federal government increased the maximum amount that an individual can withdraw from their RRSP to $25,000 to use as down payment for their first home. It is known as the Home Buyers’ Plan, and was first proposed to the Finance Minister by The Canadian Real Estate Association in 1992. Full Story Home Renovation Tax Credit - 2009 Budget Home Renovation Tax Credit - 2009 Budget Home renovations can represent a smart investment in the long-term value of a home and generate broad-based economic activity. They can also reduce energy consumption and the long-term cost of owning a home. To support economic growth during these challenging times, Budget 2009 proposes to introduce a temporary Home Renovation Tax Credit (HRTC). Full Story EcoEnergy Retrofit Program Proposal - 2009 Budget EcoEnergy Retrofit Program Proposal - 2009 Budget The ecoENERGY Retrofit program provides home and property owners with grants of up to $5,000 to offset the costs of making energy-efficiency improvements. Grants apply to a variety of measures that reduce energy consumption from increasing insulation to upgrading a furnace. Building on the success of the existing program, Budget 2009 provides an additional $300 million over two years to the ecoENERGY Retrofit program to support an estimated 200,000 additional home retrofits. Full Story First Time Home Buyers Credit - 2009 Budget First Time Home Buyers Credit - 2009 Budget The costs associated with purchasing a home, such as legal fees, disbursements and land transfer taxes, can be a particular burden for first-time home buyers, who must pay these costs on top of saving the money for a down payment. To assist first-time home buyers with the costs associated with the purchase of a home, Budget 2009 proposes to introduce a First-Time Home Buyers’ Tax Credit—a $5,000 non-refundable income tax credit amount on a qualifying home acquired after January 27, 2009. For an eligible individual, the credit will provide up to $750 in federal tax relief starting in 2009. Full Story Patricia Hodge-Rendall Broker Re/Max Realty Specialists Inc., Brokerage 7194 Appletree Lane, Mississauga 40 Napa Valley Cres, Brampton 1449 Hemingford Lane, Mississauga 1453 Hemingford Lane, Mississauga 7360 Zinnia Pl, Unit 77, Mississauga 1300 Bloor St, Unit Sph7, Mississauga