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.  |   for sellers

home selling. refined.
In today's fluctuating markets, home owners are often faced with several obstacles when selling their home. In an ideal scenario, a home hitting the market will sell in a short period of time for its full asking price. And with proper research, sound advice, and realistic pricing strategies, this is entirely possible.

Even before a For Sale sign goes up on the lawn, home sellers will benefit from an understanding that influences, such as location, previous sales, and home conditions, can have on pricing. There are also other things to consider, like how to stay competitive in a saturated market, or which improvements will add most value to your home once you decide to sell. Fortunately, you don't have to do it alone.

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