It’s budget time so here’s a new home tax credit

The new BC budget is all about austerity, cutting back and living within our means to bring down the debt. With that in mind anyone buying a new home gets a new $10,000 tax credit.

In his budget, Mr. Falcon pledges to sell off public assets, to raise medical service premiums and tobacco taxes, to cancel a promised small business tax cut. Mr. Falcon also is promising to hike the general corporate tax in two years, if the fiscal picture doesn’t brighten.

Mr. Falcon’s $44-billion budget on Tuesday offers several tax measures benefiting seniors and young families but the impact will be slight.

The province is introducing several new tax credits including a grant of up to $10,000 on newly-constructed homes for first-time homebuyers. Seniors will be able to claim up to $1,000 for eligible home renovations. And families will be able to collect up to $50 for each child for fitness and art programs.

Article in the Globe and Mail.

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59 Responses to “It’s budget time so here’s a new home tax credit”

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  1. 59
  2. Bilbo Bloggins Says: Reply to this comment

    Unfcknbelievable.
    Why can’t I get a tax credit for buying a new car or a laptop.
    Why does one industry constantly get the subsidies at the expense of everyone else.

    Current score: 2
  3. 58
  4. Scott Says: Reply to this comment

    When I shrink the window the left sidebar disappears, does that work for you too?

    Current score: 0
  5. 57
  6. Devore Says: Reply to this comment

    The left side floating window is taking up much more space than it used to, which was already quite a bit if you are reading in a window, as opposed to full screen. Horizontal scrolling on the interwebs = teh devil.

    Current score: 0
  7. 56
  8. Devore Says: Reply to this comment

    In fact, it is the rule, rather than exception, to NOT grant citizenship on birth to non-citizen parents.

    Current score: 0
  9. 55
  10. vancouvercondo Says: Reply to this comment

    I'm reposting this reply so it doesn't get lost, it may be useful to many of you:

    At the top of the comments column you should see a few options to sort: Date, Rating and Last Activity.

    Last Activity will bring the most recent comments to the top, but keep them in context so you can see what they are replying to.

    Sorting by Rating will bring the most highly rated comments to the top, useful if you just want to see Paulbs numbers or other hightly rated comments.

    Current score: 1
  11. 54
  12. bailinginbc Says: Reply to this comment

    I agree with the comments of 900kCrackhouse especially number two.
    Also one of the things I liked about the old format was that comments that got voted up to 20 were highlighted which was excellent if you were rushed for time.
    Love the blog, thanks for your hard work!

    Current score: 0
  13. 53
  14. vancouvercondo Says: Reply to this comment

    At the top of the comments column you should see a few options to sort: Date, Rating and Last Activity.

    Last Activity will bring the most recent comments to the top, but keep them in context so you can see what they are replying to.

    Sorting by Rating will bring the most highly rated comments to the top, useful if you just want to see Paulbs numbers or other hightly rated comments.

    We'll take a look at giving the layout more breathing room, thanks for your feedback.

    Current score: 1
  15. 52
  16. 900kCrackHouse Says: Reply to this comment

    The new forum comment interface seems good overall, but a few comments:

    1) The stuff on the LHS and RHS of the screen take up too much space vs the comments. It now feels too cluttered.
    2) The problem with nested comments is that the reader needs to go back and keep reviewing old posts to see if anyone has posted a response. I would prefer the option (if possible) to see comments posted sequentially in the order in which they are posted so that I don't have to repeatedly go back and review old posts looking for new responses. Really good responses are going to be missed by a lot of people with the current implementation.

    Other than that, love this forum. Now if only the housing prices would start dropping a little faster. :)

    Current score: 0
  17. 51
  18. A consumer in BC Says: Reply to this comment

    Sure does. It takes money out of my pocket to assist others. So I now have less to spend. Oh wait, how does this help me?

    Current score: 1

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