If you're a homeowner here in Calgary you may not know what types of tax deductions are available. On a federal level, there are quite a few deductions that you can take advantage of when it comes to tax time. Here are some of the tax benefits that you may qualify for as a new or existing homeowner:
For informational purposes only. Always consult with a certified tax expert before proceeding with any real estate transaction.
As A First Time Buyer
If you're buying a home for the first time there is a tax credit available up to a $750 maximum. It is based on a $5000 percentage so make sure that you claim it the next time you do your taxes.
Work From Home Benefits
More and more people are putting in a home office and working in the
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You have put your home on the market a few months ago and it just hasn't captivated a buyer yet. You have done everything you can do to make it marketable but there's something keeping it from selling.
'Tis this season to hang up your stockings by the fireplace with care. If you don't have a fireplace, you can hang your stockings somewhere else in the home. While a fireplace is a definite necessity for some people, others wouldn't give it a second thought. When it comes to having this luxury in a home, it all comes down to personal preference.
If you're like most people in Alberta, you're prepared to spend more than the Canadian average in order to buy a home. According to a new report issued by BMO, called The First-Time Home Buyer's Report, the average that the first time Canadian buyer is planning to spend on their purchase is $300,000. People here in Alberta have loftier goals and expect that they'll be spending $406,000 for their first property.
With the days getting colder it's time to get your home winterized for the frosty months ahead. Most of the steps you'll need to take can be done on your own and by doing them you'll be able to save some money on your utility bills this winter.
The holiday season is nearly here and there will be plenty of great events to enjoy. From holiday shows to dinners, there's quite a variety on the calendar this year. Here's a look at a few of the best events for the holiday season in Calgary.
If you are weighing your options in terms of buying or renting Calgary properties you should carefully consider all aspects of the debate. Depending on your financial situation, your choices should be fairly straightforward.
There are many things a home seller can do to make their home more appealing to Canadian buyers. And when it comes to home selling, some sellers empty out the property entirely while others use part or all of their current furnishings to entice a buyer to make an offer. However, most real estate professionals believe that staging is the best way to make the emotional connection a buyer needs to truly desire the property. And whether a seller is selling in a competitive housing market or just wants to make as much money on the sale as possible, good home staging can help. The good news is that staging doesn't have to be elaborate or expensive to set a property apart from its competition.
Kitchen remodeling projects can boost the value of a home and can also make the home more attractive to buyers. Because of this, kitchen remodeling projects are very popular among homeowners who want to sell their property in the next few years.
Are you planning on purchasing a new home in the Calgary area soon? If so, you're probably saving up for your down payment. There are a few things that you should understand, however, about how to save for a down payment and the size of the down payment needed in order to buy a Calgary home.