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Health-care workers Annie and Ben, 33, can afford a bigger house. But is now the time as they look to grow their family? + MORE May 1st
The couple has a combined annual income of $260,000, a modest mortgage, and is wondering how best to invest their savings..... More »
Can a first-time home buyer have a mortgage co-signer? Sep 18th
If you’re in the market for your first home but need help coming up with the financing, you do have some options, including asking someone to co-sign the mortgage. Involving a third party is probably not what you envisioned for home ownership, but recent interest rate hikes and rising real estate .... More »
Save up to 30% on groceries with new coupon app + MORE Sep 29th
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Want a better shopping experience? Consider Digital flyer’s updated Flipp app.
The free shopping app lets consumers scroll through digital flyers to find items on sale at local re.... More »
2025 tax credits, due dates, and when you can file: Your 2025 income tax return guide + MORE Jan 28th
Tax season is once again nigh. The Canada Revenue Agency’s deadline (for most of us) is fast approaching on April 30. Bookmark this page for easy access to key dates and deadlines, tax rates, tips, and links to help you prepare your 2025 personal income tax return. We will be updating it as new in.... More »
Eight solid alternatives to the Capital One Costco Mastercard for Canadians + MORE Jun 6th
Costco wasn’t the world’s first retail warehouse club, but in the nearly 35 years since opening in Canada, it’s become a staple shopping destination for families and groups who want deep discounts on bulk buys. The way that Costco works is that it relies on membership—you can’t walk into a.... More »
Conservatives Promise to Expand Home Buyer’s Plan to $35,000
– ratesupermarket.ca
The Conservative government knows home ownership and real estate affordability are top issues facing Canadians – and they’re pulling out the big pre-election guns to appeal specifically to would-be buyers. The latest on the promise platter: a $10-k increase to the maximum Home Buyer’s Plan withdrawal amount to $35,000.
Real estate has become a hot-button election issue. The family home is the biggest asset for most families, so it shouldn’t come as any surprise the Conservatives are trying to woo voters. The Tories have already promised to bring back the Renovation Tax Credit, which would provide a 15 per cent tax credit on renovations between $1,000 and $5,000, saving taxpayers up to $600 a year.
With today’s stratospheric home prices, many first-time buyers have been forced to borrow much of their down payment – often from the bank of mom and dad. The idea behind expanding the Home Buyer’s Plan is it will aid first-time buyers tap into more of their RRSP savings, and avoid taking on debt for their home purchase…
