More information is becoming available on the Nova Scotia New Home Construction Rebate.  One big change that was made since it was originally announced, is that new homes started since January 1, 2009 will qualify.  Originally the government had said that only homes started since May 1 would qualify.

Application forms are available now at: http://www.gov.ns.ca/snsmr/access/individuals/new-home-construction-rebate/default.asp

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Students


August 10th, 2009

Getting ready to head off to university? ¬†You don’t need to keep all those receipts for tuition costs, travel, rent, textbooks etc. ¬†At least not for your taxes anyway. ¬†The government has made it relatively simple, and all of your costs are summarized on the T2202 form. ¬†Your university will issue you this in January or February.

Take note, though!! ¬†Many of the larger universities ONLY issue them online, and they expect you to print them off. ¬†So if you haven’t received it by the end of February, just go into your student account online, and look for the link that says T2202. ¬†Print off the form and everybody’s happy.

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Neil Pardy from the lending agency¬†CBDC-NOBL sent me an interesting email. ¬†They have a program called Students in Business, targeted towards students age 15-35. ¬†Qualifying students can receive up to $5,000 in interest free loans. ¬†Mr. Pardy says in his email: ¬†“The program is not about making everyone an entrepreneur for life, but it is about presenting self employment as an option.¬† In addition to the loan we will endeavor to match the students with a mentor from the business community and we provide business training programs for the students.”

In my past experience, CBDC-NOBL are excellent to work with, and they tend to provide much more support than the chartered banks.  In fact, they are worth looking at if you are considering starting or buying a business.

Mr. Pardy goes on to say: ¬†“Students who participate in training, mentorship, counseling and repay their loans on schedule qualify for rebates valued up to 25% of the initial loan.”

So if you play by the rules, your loan is not only interest free, you also get a rebate of up to $1,250!  If you are interested, click on www.cbdc.ca to get started.

Filed under: Other tips, Personal Tax by David Boese No Comments »