BUDGET HIGHLIGHT:
HOME ACCESSIBILITY TAX CREDIT
Enhanced credit will increase the annual expense limit to $20,000 from $10,000.
#budget #hometaxcredit #homeaccessibility #financialeducation #financial #financialliteracy
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Multi- Generational Tax Credit
Designed to end blind bidding, provide for a legal right to a home inspection, and ensure transparency on the history of sales prices on title searches.
#homebuyers #realestatetips #realestateinvesting #realestateinvestor #homebuyer #homebuyingtips
🏡 🌟 ENHANCED FIRST
TIME HOME BUYERS' TAX CREDIT 🌟🏡
BUDGET HIGHLIGHT: TAX FREE FIRST HOME SAVINGS ACCOUNT
The Federal government's budget on April 7, 2022 introduces changes that may affect your individual and family finances.
REGULATORY DEADLINES
RSP Deadlines - March 1, 2022
Want to make your personal banking easier? Have you thought of creating a personal financial website that you can share with your spouse or family members? It’s an easy, secure and convenient way to share your financial information.
There is some good news. By educating yourself and approaching this with intention and focus, you can better control overspending….
Do you spend time wondering where your money goes?
Do you feel that you don't have enough money?
Sometimes spending can get out of control. Bad habits can creep up without you realizing it. Those little expenses add up and turn into big ones, and
WHAT TO DO IN YOUR 20’S THAT WILL BENEFIT YOU IN YOUR 30’S AND 40’S
1. Build a habit of eating healthy and exercising.
Your body will thank you….
ONTARIO STAYCATION TAX CREDIT
Overview. The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province while helping the tourism and hospitality sectors recover from the financial impacts of COVID-19 covid 19 pandemic. Ontario residents can claim 20% …….
Bottom line is…
For the calendar year 2022…
Keep any receipts for a hotel, campground, etc (up to $1000) and you should get 20% of that back ($200)
- Bonnie
FINISH UP ORGANIZING BY STORING ALL THIS NEWLY ORGANIZED INFORMATION IN A SAFE PLACE
Consider the following:
• Safety deposit box (accessible by a joint owner or executor)
• Filing cabinet
• Home safe
Now make sure to treat yourself to something for a job well done!
NEXT -
GATHER ANY ADDITIONAL INFORMATION AND CONTACT DETAILS.
• Notices of assessment for recent tax years
• Business of documents if you own or co-own a business
• Real estate deeds
GETTING ORGANIZED - GATHERING YOUR INFORMATION
Start with the personal information for your immediate family members.
Also gather any legal documents
• Full legal name and birth date
• Health card number
• Driver’s license and passport number
• Blood type……….
KEEP ORGANIZING NY GATHERING YOUR FINANCIAL DOCUMENTS, BANKING, INVESTMENT AND INSURANCE INFORMATION
• Mortgage(s)
• Line of credit
• Loans
• Credit cards………..