{"id":27786,"date":"2024-11-10T03:44:59","date_gmt":"2024-11-10T03:44:59","guid":{"rendered":"https:\/\/3ataxservicespc.ca\/?p=27786"},"modified":"2024-11-10T03:48:14","modified_gmt":"2024-11-10T03:48:14","slug":"every-dollar-counts-when-saving-for-a-home","status":"publish","type":"post","link":"https:\/\/3ataxservicespc.ca\/index.php\/2024\/11\/10\/every-dollar-counts-when-saving-for-a-home\/","title":{"rendered":"Every dollar counts when saving for a home"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"27786\" class=\"elementor elementor-27786\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5e2510c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5e2510c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b78973d\" data-id=\"b78973d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4366004 elementor-widget elementor-widget-text-editor\" data-id=\"4366004\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Times are tough and despite the government\u2019s efforts to support individuals with housing costs, the cost of living and homeownership continue to rise. Addressing affordability is essential to ensure all Canadians have access to safe and affordable housing options. Maybe one of these could help you!<\/p><p><span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-5); color: var(--ast-global-color-3);\">The First Home Savings Account gives prospective first-time home buyers the ability to save to buy or build their first home on a tax-free basis.<\/span><\/p><p>The Home Buyers\u2019 Plan allows first-time home buyers to withdraw up to $60,000 &#8211; an increase from the previous $35,000 limit &#8211; from their RRSPs to buy or build a qualifying home for themselves or a specified person with a disability, as long as they meet all the conditions at the time of each withdrawal.<\/p><p>The Multigenerational Home Renovation Tax Credit can help reduce renovation costs for constructing a secondary suite to accommodate a senior or an adult who is eligible for the disability tax credit, to live with a qualifying relation. If you are eligible, you can claim renovation expenses, which can result in a refund up to a maximum of $7,500, for each eligible claim.<\/p><p>The government is providing a 100% rebate of the GST, or the federal portion of the HST, on new purpose-built rental housing, and will support the construction of new apartment buildings, student housing, and seniors\u2019 residences designed for long-term residential rental.<\/p><p><span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-5); color: var(--ast-global-color-3);\">For more information, go to <a href=\"https:\/\/www.canada.ca\/en\/services\/finance\/manage\/housing.html\">Housing &#8211; Canada.ca<\/a><\/span><\/p><p>Information source from Canada Revenue Agency (CRA)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a568e33 elementor-widget elementor-widget-button\" data-id=\"a568e33\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.canada.ca\/en\/services\/finance\/manage\/housing.html\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Times are tough and despite the government\u2019s efforts to support individuals with housing costs, the cost of living and homeownership continue to rise. Addressing affordability is essential to ensure all Canadians have access to safe and affordable housing options. Maybe one of these could help you! The First Home Savings Account gives prospective first-time home &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"ast-button\" href=\"https:\/\/3ataxservicespc.ca\/index.php\/2024\/11\/10\/every-dollar-counts-when-saving-for-a-home\/\"> <span class=\"screen-reader-text\">Every dollar counts when saving for a home<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":5,"featured_media":27792,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[55,56,8],"tags":[],"class_list":["post-27786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cra-infomation","category-tax-tips","category-whats-new"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540.jpg",1280,857,false],"thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-150x150.jpg",150,150,true],"medium":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-300x201.jpg",300,201,true],"medium_large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-768x514.jpg",768,514,true],"large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-1024x686.jpg",1024,686,true],"1536x1536":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540.jpg",1280,857,false],"2048x2048":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540.jpg",1280,857,false],"woocommerce_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-300x300.jpg",300,300,true],"woocommerce_single":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-600x402.jpg",600,402,true],"woocommerce_gallery_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-100x100.jpg",100,100,true]},"uagb_author_info":{"display_name":"Tax Admin","author_link":"https:\/\/3ataxservicespc.ca\/index.php\/author\/tax-admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Times are tough and despite the government\u2019s efforts to support individuals with housing costs, the cost of living and homeownership continue to rise. Addressing affordability is essential to ensure all Canadians have access to safe and affordable housing options. Maybe one of these could help you! The First Home Savings Account gives prospective first-time home&hellip;","rttpg_featured_image_url":{"full":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540.jpg",1280,857,false],"landscape":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540.jpg",1280,857,false],"portraits":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540.jpg",1280,857,false],"thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-150x150.jpg",150,150,true],"medium":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-300x201.jpg",300,201,true],"large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-1024x686.jpg",1024,686,true],"1536x1536":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540.jpg",1280,857,false],"2048x2048":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540.jpg",1280,857,false],"woocommerce_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-300x300.jpg",300,300,true],"woocommerce_single":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-600x402.jpg",600,402,true],"woocommerce_gallery_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/11\/gb9b030dd2f8b179e7e6985291907a872d11f70a5279dc077161a172e7eb3f825ffa1f1e12c5396e18a434842ba0d41ff9ce189f0a7e7e6210a82e3d3f1150089_1280-1885540-100x100.jpg",100,100,true]},"rttpg_author":{"display_name":"Tax Admin","author_link":"https:\/\/3ataxservicespc.ca\/index.php\/author\/tax-admin\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/3ataxservicespc.ca\/index.php\/category\/cra-infomation\/\" rel=\"category tag\">CRA Information<\/a> <a href=\"https:\/\/3ataxservicespc.ca\/index.php\/category\/tax-tips\/\" rel=\"category tag\">CRA Tax Tips<\/a> <a href=\"https:\/\/3ataxservicespc.ca\/index.php\/category\/whats-new\/\" rel=\"category tag\">What's new from CRA<\/a>","rttpg_excerpt":"Times are tough and despite the government\u2019s efforts to support individuals with housing costs, the cost of living and homeownership continue to rise. Addressing affordability is essential to ensure all Canadians have access to safe and affordable housing options. Maybe one of these could help you! The First Home Savings Account gives prospective first-time home&hellip;","_links":{"self":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/27786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/comments?post=27786"}],"version-history":[{"count":6,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/27786\/revisions"}],"predecessor-version":[{"id":27794,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/27786\/revisions\/27794"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/media\/27792"}],"wp:attachment":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/media?parent=27786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/categories?post=27786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/tags?post=27786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}