Rates Holding Firm - May 21, 2011

May 21st, 2011
Rates Holding Firm

The Bank of Canada has their next meeting at the end of May where many are predicting they will leave prime rate alone. In the past few months the Bank of Canada has been more and more reluctant to raise rates because of the growing uncertainty of Canada’s economy. Canada itself is extremely reliant on the price of commodities and as the demand for them goes, so to does our ...

First Time Home Buyers - Exempt Property Transfer Tax

May 21st, 2011

Property Transfer Tax: First Time Home Buyers

First time home buyers get an exemptions from paying the property transfer tax and this "tax break" can save FTHB thousands of dollars. However, First Time Home Buyers need to carefully ensure that they qualify for this tax savings. Persons claiming a FTHB credit are regularly audited by the PTT Office.

The Criteria to Qualify are as follow ...