New retail sales for May rose a surprisingly robust 1.2%, Statistics Canada reported, in yet another clear signal that the economic free fall of the winter months is braking quickly.
Archive for July, 2009
Ottawa home renovation program helps boost retail sales, economic recovery
Posted: 31st July 2009 by Laurin Jeffrey in MiscellaneousTags: 2010, affordability, Bank of Canada, bank of montreal, banks, borrowers, canada, canada report, canadian, Canadian banks, Canadian consumers, canadian economy, canadians, CIBC, consumer spending, consumers, CREA, credit, Deed, domestic economy, downturn, economic recovery, economist, Economists, economy, federal governmen, federal government, government, Gross Domestic Product, hard, hardware store, home, home reno, home renovation, home renovation program, housing, housing sales, increase, jobless rate, land, lender, lenders, Lien, manufacturing, market, new, optimism, optimistic, peak levels, real, rebound, recession, recovery, Renovation, retail sales, sale, sales, second world war, Statistics Canada, tax, tax credit, td, td bank, Tory
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Home Renovation Tax Credit Helps Economy and Taxpayers
Posted: 31st July 2009 by Laurin Jeffrey in Miscellaneous, Other Real Estate Markets, Real Estate Taxes, Toronto Real EstateTags: 2010, canada, Canada Revenue Agency, canadian, canadian economy, Canadian homeowner, Canadian homeowners, canadians, condo, condominium, Conservative, cottage, CREA, credit, economic activity, economy, government, home, home reno, home renovation, home renovation tax credit, home renovations, homeowners, HRTC, income tax, increase, land, new, non-refundable tax credit, real, Renovation, renovations, sale, stimulus, tax, tax credit, tax dollars, time, wind
The HRTC is a time-limited, non-refundable tax credit of up to $1,350 that can be claimed for eligible expenditures made for renovations and alterations of an enduring nature made to a dwelling eligible to be a principal residence which may include a house, condominium, cottage, and the land that forms part of it.