Relief for home buyers and renovators

. . . . . .The other major pieces of tax relief are addressed at prospective and existing home buyers. The budget is raising the amount that first-time home buyers can withdraw from an RRSP to $25,000 from the previous $20,000. And first-time home buyers will also benefit from a new non-refundable tax credit of $5,000 for qualified homes that close after January 27, 2009. That $5,000 equates to $750 in tax savings, Ms. O'Hagan calculates.

Those who already homes will benefit from a temporary Home Renovation Tax Credit (HRTC), worth 15% on home renovation projects between $1,000 and $10,000. O'Hagan says this is worth up to $1,350 on a $10,000 project, which is 15% of $9,000. Note that this is a short-term stimulus that applies on work performed or goods acquired after Budget Day and before Feb. 1, 2010. It's a non-refundable tax credit, which means it can reduce taxes payable but there is no refund if your taxes are reduced below zero.

According to the radio commentary, new sod and landscaping also are covered in this HRTC!

Valentine’s Day Luxury for Less


(ARA) – Valentine’s Day inspires some of the most expensive and luxurious gifts. But in an economic downturn, what do you do when you have champagne taste, but a beer budget?

Luxurious doesn’t necessarily mean expensive and with some creativity you can give lavish gifts on a limited budget. Some of the most popular Valentine’s Day gifts are jewelry, gourmet food and personal indulgences and all of them can fit into a small budget.

A Toast to Love:
Many couples pop the cork on a celebratory bottle of champagne, but a bottle of the real French spirit can run you a costly $40 to $120 or more. Instead, look for domestic sparkling whites or an Italian Prosecco, an inexpensive, crisp sparkling white wine.

Gourmet Chocolates:
A heart-shaped box filled with chocolate is almost cliche. When it comes to chocolate, it’s quality, not quantity, that counts. A small box of gourmet chocolates in trendy flavors like curry, cardamom, black pepper, red wine and goat cheese will make much more of an impact than a big box of boring generic chocolates with mystery filling. If you’d like to try something different, try a small tin of caramels with sea salt.

Jewelry:
Diamonds may be a girl’s best friend, but a piece of classic and stunning pearl jewelry for Valentine’s Day is an affordable, unexpected and appreciated surprise. Freshwater pearl earrings or bracelets give a high-end look for a budget price and you can celebrate the colors of the holiday with a gorgeous pink or lavender cultured freshwater pearl necklace. PearlParadise.com offers freshwater pearl earrings starting at just $19. Make a unique statement and show her she’s the only one in your life with the symbolic and exotic Tahitian pearl pendant from PearlParadise.com.

Dinner for Two:
A romantic dinner for two at a restaurant can easily break the bank. But a candlelit gourmet dinner for two at home comes in at much less and also scores points for thoughtfulness. You can break out the cook book and make recipes from scratch or log on to any number of Web sites and have a three or four course feast delivered to your door.

The Gift of Time:
Time is the ultimate luxury and giving the gift of your undivided attention for an entire weekend, running a relaxing bubble bath or giving a foot massage is the best and most heartfelt gift of all.

Whatever you’re shopping for this Valentine’s Day, don’t wait until the last minute. Shopping ahead can save big money. Look for sales at your favorite stores and surf around for great deals online. PearlParadise.com, for example, offers pearls up to 80 percent off retail price. Remember, putting some thought into your gift and thinking ahead truly shows you care.

Courtesy of ARAcontent