Following the guidelines for federal tax credits is painless. It’s so easy that any home owner or business owner can get started in saving money in energy conservation, as well as through costs saved through tax credits attained as a result.
For those wanting to buy a home, the Canadian housing finance system has made it possible to do so without paying all the down payment. You will be able to get the interest rate of a 20% loan while only paying at least 5% on your down payment. What makes this possible? The obligation of purchasing mortgage insurance on the amount borrowed makes it possible for this to happen. Risk of the loan defaulting is reduced for the lender and the buyer is able to purchase a home without making the entire down payment.
