THE $10,000 B.C. FIRST-TIME NEW HOME BUYERS’ BONUS
Subject to approval by the legislature, the B.C. government intends to implement a temporary BC First-Time New Home Buyers’ Bonus. Effective February 21, 2012, to March 31, 2013, the bonus is a one-time refundable personal income tax credit worth up to $10,000.
Read more here http://www.bcbudget.gov.bc.ca/2012/homebuyers/2012_First_Time_Home_Buyers_Fact_Sheet.pdf
Contact me to see how this program can benefit you - email@example.com
Threshold being raised to $850,000 effective April 1, 2012
Government announces the transition rules for the HST early
BURNABY, BC (February 17, 2012) - The Honourable Kevin Falcon, Minister of Finance held a press conference today in Victoria to announce transition rules for the harmonized sales tax and the affect it will have on the home building industry. Effective April 1, 2012 the threshold for new housing rebates will be increased from $525,000 to $850,000, including secondary homes.
"We are elated the Provincial Ministry of Finance and the Federal Finance Department asked for our input and that our provincial government listened to the lobbying efforts of CHBA BC," said CEO, M.J. Whitemarsh. "We had the confidence the Government would take our concerns to heart and implement the best solution for our industry, the news today was worth the wait and is even better than we could have anticipated."
Since the referendum results to rescind the tax, the Canadian Home Builders' Association of BC (CHBA BC) has worked diligently providing information from members to the government requesting the implementation of the transition rules be done as simply and quickly as possible to prevent any further stalling of the residential housing industry.
"The out-of-box forward thinking from the Government has created a stable situation for all CHBA BC members who build secondary homes," Whitemarsh said. "Houses purchased as of April 1st will ultimately be receiving a $42,500 discount, now that the threshold has been raised."
Releasing the transition rules on housing early was a wise and bold move on government's part, one that is mutually beneficial. CHBA BC lobbied for a tax rebate to be created for consumers on new home purchases and renovations, so the industry could move forward and gain momentum once again.
"Raising the threshold is a brilliant decision that is fair and equitable, a huge benefit to all consumers that will spur the market," said Doug Wittal, President of CHBA BC. "Including the second home market outside the GVRD and CRD will create a huge boom, creating jobs and pushing the industry forward in very innovative ways."
The 2012 budget will be announced Tuesday, February 21, 2012.
For more on how the transition rules affect your new home purchase contact me at firstname.lastname@example.org.
Taken from CHBA BC. The Canadian Home Builders' Association of British Columbia is the voice of the residential construction industry in BC fostering a housing environment in which the industry operates effectively and professionally.
Grade 12 Bursary Program Now Accepting Applications
What is the RE/MAX Quest for Excellence?
The Quest for Excellence Program is a bursary program for grade 12 students in Western Canada. It was established by RE/MAX of Western Canada to recognize the success and ongoing pursuits of Western Canadian students in regards to leadership and community contribution initiatives. Scroll down to enter.
What is Awarded?
RE/MAX of Western Canada will award 16 bursaries of $1,000 each to qualifying Grade 12 students. In addition, the 16 bursary winners will be entered into a draw and one lucky recipient will receive a RE/MAX Hot Air Balloon ride for two. Bursary winners will be notified in May, 2012.
All Winners will be posted in May 2012.
Who Can Participate?
The Quest for Excellence is open to all Grade 12 students attending high school from September, 2011 – June, 2012. Grade 12 students may not have participated in graduation commencement ceremonies in the past. Applicants must be a resident of one of the following provinces/territories.
• British Columbia
• Yukon Territory
What is Required?
Students are to convey the contributions they have made to their communities in a short online essay, maximum 1,250 words. Key qualities students should demonstrate are leadership, motivation and communication skills. Other attributes may include volunteering, participation in charitable events or fundraising, and contributions that enrich the lives of others and their communities.
Note: All entries become the property of RE/MAX of Western Canada and photos and names of winners may be used in print publications and media.
Complete the following on-line application form.
Deadline for entry is March 12th, 2012.
A maximum of one on-line essay per student.
TO ENTER VISIT: