RESIDENTIAL MORTGAGE RATES EFFECTIVE: March 9, 2009
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RESIDENTIAL MORTGAGE RATES EFFECTIVE: March 9, 2009 |
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Prime Rate = 2.50% |
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New Buyers Save $750
A new line will be incorporated into the personal income tax return form to allow buyer to claim the Credit. The Credit is calculated by multiplying the lowest personal income tax rate for the year which is (15% in 2009) by $5000 and is claimable for the taxation year in which the home is acquired. The maximum amount of the Credit in 2009 will be $750.” For more information visit: http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhbtc-eng.html
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