YOUR DESTINATION

TIP OF THE MONTH
With tax time looming just around the corner, it might be time to start looking into government-backed tax credits. But how many of us actually know which tax credits to use?
For instance, did you know that under the employee tax credit, eligible employees may be able to claim a 15% tax credit to help cover work-related expenses, up to a maximum of $1,051? Or that under the children's fitness tax credit, children under 16 who are enrolled in sports programs for a minimum of eight weeks (with at least one session a week) are eligible for a tax credit of up to $500?
First time buyers may be eligible for the first ime home buyers credit. Moving expenses that are work-related can also be deducted, as long as these costs are not reimbursed by your employer. Among the items that quality are travel costs, moving and storage costs, and selling costs of your old home, including real estate commissions, legal fees, and land transfer tax.
Come tax time, be sure to speak to your accountant about these options, or peruse the Canada Revenue Agency for a comprehensive list of tax credit options.

therealinfo.ca  |   for buyers

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No matter which way you try to sell it, home buying is often a mind-boggling and demanding process. It's very seldom that a person wakes up one day and decides to buy a house. But once you've made that important decision, preparation is key.

That's where therealinfo.ca comes in. Home buying isn't a cut-and-dry process, and for one of the biggest purchases of your life, it shouldn't be. From getting pre-qualified to finding a home that suits your needs to negotiating the best selling price to determining closing costs to picking the right lawyer and home inspector, we can be there every step of the way.


EDWARD WANG | Broker, Royal LePage Connect Realty | 311 Roncesvalles Avenue, Toronto | 416.588.8248 | contact | © 2010