Healthy Homes Renovation Tax Credit

Ontario Healthy Homes Renovation Tax Credit The Healthy Homes Renovation Tax Credit is a permanent personal income tax refund for seniors and the family members who live with them.  Those who qualify can claim up to $10,000 worth of home modifications on their tax returns and receive back 15 per cent of eligible expenses. A household that spends $10,000 on eligible home renovations potentially can get back $1,500. The tax credit has a $10,000 maximum per couple. Details – Qualified applicants must be 65 years or older by the end of the year for which he/she is claiming the credit. […]

Flood proof your home for spring

With spring just around the corner, it’s a good idea to inspect your home for any damage that may have occurred over the winter months. This is also the time of year to prepare your home for potential rain storms and help reduce the risk of basement flooding. Here’s a checklist to get you started on the road to flood proofing your home. Inspect your walls, doors, windows, floors and foundations for any cracks or leaks, and make repairs. Ensure downspouts are disconnected and drain water properly away from the basement and foundation walls (also check to make sure your […]

How to find the next real estate hot spot

Here’s another of Dianne Nice’s columns – this one is all about what you need to consider when you’re buying a home and want to maximize your investment. It may be ironic for an author of real estate tips books to advise people not to act on tips, but Don Campbell is adamant that buyers do their groundwork before they invest in the next housing “hot spot.” “I have seen too many people buy a property based on what someone tells them, rather than do their own homework,” says Mr. Campbell, president of the Real Estate Investment Network. “This leads […]

Ontario Home Energy Savings Program ends on March 31, 2011

The federal and provincial governments provide grants to homeowners who undertake renovations that improve the energy efficiency of their homes.  These programs are coming to a close as of March 31, 2011. Before undertaking any renovations, homeowners must first have an energy audit of their home performed by a licensed service organization.  The evaluation report provides customized recommendations for renovations to improve the energy efficiency of the home.  Once the homeowner has completed the renovations, a second audit must be undertaken within 18 months of the first one to determine the change in the home’s energy efficiency. Deadlines for eligibility:  […]

Break coming on peak hydro pricing – next spring

It’s cold comfort now, but running the air conditioner and other appliances will cost less starting next May when the Ontario government cuts evening power prices two hours earlier, at 7 p.m. The change in rates for about one million Ontarians on smart meters and time-of-use pricing will be announced Tuesday by Energy Minister Brad Duguid as he sets out a new long-term energy plan, a senior government source told the Star. It follows last week’s announcement from Premier Dalton McGuinty’s Liberals—under constant fire for rising hydro rates—that consumers will get a 10 per cent price break on their bills […]