Important Issues in the Budget for Real Estate!
January 29th, 2009There are some great newsworthy issues in the Budget that directly impact Real Estate:
1. The basic personal tax credit will increase for the 2009 tax year to $10,320 from $9,600 in 2008. Further, the upper limits of the first two income tax brackets will increase by 7.5% each. The upper limit of the first income tax bracket will increase to $40,476 in 2009 from $37,885 in 2008. The upper ...