Tax Credits for Home Owners



TaxSavingsBoth the Ontario Government and Federal Government offer incentives to Home Owners.

The Ontario Government offers a $10,000 Healthy Homes Renovation Tax Credit…click here for details:  http://www.ontario.ca/taxes-and-benefits/healthy-homes-renovation-tax-credit

Here’s the link to the Canadian Home Renovation Tax Credit:  http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhmrnvtn-eng.html#q1

Here’s the link to the Canadian First Time Home Buyer’s Credit:  http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhbtc-eng.html and an alternate link:  http://actionplan.gc.ca/en/initiative/first-time-home-buyers-tax-credit

Please check the sites to ensure these credits are still available…and check with your accountant to see if you qualify.

Good savings!

Kathy Dimaline is a Real Estate Broker for RE/MAX Grey Bruce Realty Inc.  The comments on this Blog are the opinions, only, of Kathy Dimaline and do not constitute any legal advice or legal opinion and does not represent the interests or opinions of RE/MAX Grey Bruce Realty Inc., brokerage.

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Do You Need a Permit for a Dock on your Shore?


If you have a waterfront home or cottage or vacant waterfront lot and you want to install a dock so that you can keep a boat at your shore you need to do some investigation prior to construction.

Investigate Conditions

Investigate Conditions
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On smaller inland lakes, having a dock at your shore is a common occurrence.  However, on the larger Great Lakes, I strongly suggest analysing water conditions, shoals and prevailing winds. There are many days where the lake is very calm and it looks like you can put a dock out, but there are just as many days where the lake is extremely rough due to wave action or winds.  This wave action can do major damage to your dock and your boat.  Pull out charts or talk to neighbours who are familiar with the area to check for shoals and other water hazards.  It is most likely you will have to be in a protected harbour that offers access to the open lake.  FYI, these types of properties tend to have higher real estate value.

Example of a Boat Slip

Example of a Boat Slip

Once you determine that you can have a dock, you want to then determine what type of dock.  The main types of docks are:  boat slips, often carved out of rock at the shore; crib docks which have large areas in the water that are netted and filled with stones, rock or concrete; pole docks, which are becoming more and more popular because you can pull them in for winter protection; cantilevered docks that protrude out from a raise shore, usually on a rock formation; and floating docks, which usual extend off of any of the above mentioned choices.

Example of Crib Dock in Progress

Example of Crib Dock
Under Construction
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The Ministry of Natural Resources control any work that may affect water vegetation or fish habitats.  Anything that involves dredging in the water or any large construction on the shore or bottom of the lake…whether you are adding to the shore (ie adding sand) or removing rock or sand from the shore.

As far as a dock is concerned, you need to apply for a work permit if you are creating a boat slip or channel involving dredging or if you are creating a dock with cribs or a boathouse that is placed on the lake bottom that is more than 15 square meters.

Example of a Pole Dock

Example of a Pole Dock

Generally, you DO NOT need a permit for cantilevered docks, floating or pole docks and any other dock with a total surface of less than 15 square meters on the lake bed.   However, I recommend, if you plan to install a dock at your property you should contact your local Ministry of Natural Resources office for confirmation of their rules and regulations.

You can find further information on this website:  http://www.mnr.gov.on.ca/en/Business/CrownLand/2ColumnSubPage/STEL02_165788.html

Happy Boating!

Kathy Dimaline is a Real Estate Broker for RE/MAX Grey Bruce Realty Inc.  The comments on this Blog are the opinions, only, of Kathy Dimaline and do not constitute any legal advice or legal opinion and does not represent the interests or opinions of RE/MAX Grey Bruce Realty Inc., brokerage.

“0” Tax on Your Property

Ontario’s Conservation Land Tax Incentive Program

BP20If you own a piece of property that can be deemed as “provincially significant” you can apply for a Land Tax Incentive.  This program, if approved on your land, will exempt you from property taxes on that portion of your land deemed significant.  This is where we often get lands for sale with “0” or very little taxes.  To qualify you must agree to maintain your property as conservation Land and not carry out activities that would degrade, destroy or result in the loss of the natural values of the site.  Properties must be a minimum of 1/2 an acre.

The program runs on a year to year basis.  Once qualified, you will receive a notice each year asking if you want to continue your eligibility for the following year.  You must certify that the information that you provide is accurate, that you intend to maintain the property as Conservation Land and you authorize a representative of the Ministry of Natural Resources to enter your property, from time to time, to confirm.

If you have been receiving a tax exemption and the MNR discover that you are not maintaining as Conservation Land, you lose your exemption and the municipality can recover up to 5 years of taxes that were not paid.

BP1Only lands considered highly significant by the Ministry of Natural Resources qualify.  Lands that are eligible are:  provincially significant wetlands (often identified on your property with EH zoning),; provincially significant areas of natural and scientific interest (identified on your property as ANSI); habitat of endangered species (could be flora or fauna); and lands that come under the Niagara Escarpment Commission (identified on your property as Development Control).

I have this exemption on a piece of property and it’s nice not to have to pay taxes on it.  You can still use the land, you just have to agree to protect the designated natural heritage value of your property.

For more information click here:  www.ontario.ca/CLTIP

Kathy Dimaline is a Real Estate Broker for RE/MAX Grey Bruce Realty Inc.  The comments on this Blog are the opinions, only, of Kathy Dimaline and do not constitute any legal advice or legal opinion and does not represent the interests or opinions of RE/MAX Grey Bruce Realty Inc., brokerage.

Sellers! Don’t get caught in the Over Priced Trap!

Don’t get caught in the Over Priced Trap!

AvoidOverPrice1.  Interview more than one agent.

2.  Be suspicious if someone quotes you a price of more than 20 or 30% (or more) over another agent’s suggestion.

3.  Ask for support with comparable sales…and be honest with yourself on what you know your value to be.

4.  Don’t make a decision if you are being pressured or are uncomfortable…step away and revisit at another time.

5.  If you are suspicious, don’t sign a long contract…leave your options open, in case you want to call the other agent back in.  The other agent will not be offended if you do!

6.  Remember that Buyers are educated and follow real estate values closely…they know when a property is over priced.

7.  Choose an agent based on honesty, ethics, exerience, competence, and success…someone you are comfortable with!

Watch for my next blog on

Read your Insurance Policies

Don’t forget to send your comments, stories, or ideas, in the comment section below or via email at dimaline@amtelecom.net.

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Kathy Dimaline is a Real Estate Broker for RE/MAX Grey Bruce Realty Inc.  The comments on this Blog are the opinions, only, of Kathy Dimaline and do not constitute any legal advice or legal opinion and does not represent the interests or opinions of RE/MAX Grey Bruce Realty Inc., brokerage.

© Copyright Kathy Dimaline, All Rights Reserved

10 Benefits of an Over Priced Listing

10 Benefits of an Over Priced Listing

1.  Your ListingLotsofSigns increases Your Agent’s profile in the marketplace, the more listings, the higher the profile

2.  Your Listing increases Your Agent’s advertising presence

3.  Your Listing increases Your Agent’s ability to attract other Listings

4.  Your Listing helps Your Agent and other agents sell their more attractively priced properties

5.  Other Agents have more time to focus on more attractively priced listings because they won’t show or stop showing Your Listing  Overpriced

6.  Buyer ‘s love to see All those REDUCTIONS and expect even more when they do make an offer

7.  Your Listing increases Your Agent’s chances of selling it his/herself because other agents won’t show or stop showing Your Listing

GreedyAgent8.  When Your Agent sells Your Listing his/herself, he/she makes more money, no matter what the price, because the commission doesn’t have to be shared.

9.  You are so happy when your place finally sells, even if it’s below market value

10.The Sale of Your Listing, no matter what the price, makes Your Agent look good!

OVER PRICED??  WHO DO YOU THINK YOUR AGENT IS WORKING FOR??

Watch for my next blog on

Sellers!  Don’t get caught in the Over Priced Trap!

Don’t forget to send your comments, stories, or ideas, in the comment section below or via email at dimaline@amtelecom.net.

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Kathy Dimaline is a Real Estate Broker for RE/MAX Grey Bruce Realty Inc.  The comments on this Blog are the opinions, only, of Kathy Dimaline and do not constitute any legal advice or legal opinion and does not represent the interests or opinions of RE/MAX Grey Bruce Realty Inc., brokerage.

© Copyright Kathy Dimaline, All Rights Reserved

More Wind Turbines on the Bruce Peninsula??

View from my office this morning.  -12 Cold and Snowy.  Glad to be Home!

View from my office

Turbines

Click Here to sign PC Party Petition

Preneal Canada Inc. is proposing to develop over 200 Wind Turbines on the Bruce Peninsula in the Mar to Lindsay Road 20, Hwy 6, corridor.  There is a strong action group of concerned citizens opposing the turbines and have so far, after much protest, successfully convinced the Northern Bruce Peninsula Council to pass a motion for “No More Wind Turbines on the Bruce Peninsula”.

Click Here for Tobermory Press Article

Click Here for Sun Times Article

Does this really mean “No More Wind Turbines on the Bruce Peninsula”, when the Green Energy Act has taken power away from local governments?

The Bruce Peninsula Wind Turbine Action Group has a great website providing a tremendous amount of information about the impact of wind turbines on health, real estate, environment and wildlife.

Click Here for the Bruce Peninsula Wind Turbine Action Group Website

This site also provides the proposed Wind Farm locations, which you will find here.

Here are their links to reports on how Wind Turbines affect Real Estate.

The PC government has an on-going Moratorum and they are inviting people to sign their petition.  Click on the Wind Turbine photo above to sign their petition.

Will we have additional Wind Turbines on the Peninsula or won’t we?  How this will affect potential buyer’s, is yet to be seen.

I hope you find this information to be helpful.

Watch for my next blog on

10 Benefits to an Overpriced Listing

Don’t forget to send your comments, stories, or ideas, in the comment section below or via email at dimaline@amtelecom.net.

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Kathy Dimaline is a Real Estate Broker for RE/MAX Grey Bruce Realty Inc.  The comments on this Blog are the opinions, only, of Kathy Dimaline and do not constitute any legal advice or legal opinion and does not represent the interests or opinions of RE/MAX Grey Bruce Realty Inc., brokerage.

© Copyright Kathy Dimaline, All Rights Reserved

Northern Bruce Peninsula Trailer By-Law

Trailer

Click Here for Full Trailer By-Law

Many people looking to purchase vacant land ask if they can park their trailer or RV and camp on their property once they purchase it.   I have the dubious responsibility to inform everyone purchasing vacant property that you can not occupy a trailer, bunky or even camp on your vacant property.

This is a Municipal and Peninsula wide by-law…including both Northern Bruce Peninsula and South Bruce Peninsula (Wiarton area).  I do not make the rules, I am only the messenger!

If you do occupy a trailer or camp on a vacant lot without the express knowledge and agreement of the Muncipality you can be asked to cease and desist and/or you can be fined.  The Municipality will allow you to occupy a trailer on the property once you have a building permit and have paid a bond (currently it’s $2,000).  They do recognize that most people do not live in the area and will allow camping on the property during the building process so that you can oversee the construction of your home or cottage.  There is a time limit of 1 year (which can be extended for another year) and at the end of construction when the trailer is removed they will refund half of the bond.

Click on the “Trailer” photo above for the complete Trailer By-Law, including fines.

If you have an existing residential home or cottage, you can have up to two tents/trailers/motor homes on the property and they can be occupied for up to 7 consecutive days at one time.  You need permission from the Municipality for more than two occupied units, for special occasions or longer occupancy.  See Schedule A of the By-Law.

All buyers  need to be informed of all factors that affect a property so that they can make an educated and wise decision whether they want to buy or not.  The Trailer By-law can affect your decision to buy.

Watch for my next Blog on….

More Wind Turbines on the Bruce Peninsula??

Don’t forget to send your comments, stories, or ideas, in the comment section below or via email at dimaline@amtelecom.net.

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Kathy Dimaline is a Real Estate Broker for RE/MAX Grey Bruce Realty Inc.  The comments on this Blog are the opinions, only, of Kathy Dimaline and do not constitute any legal advice or legal opinion and does not represent the interests or opinions of RE/MAX Grey Bruce Realty Inc., brokerage.

© Copyright Kathy Dimaline, All Rights Reserved