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Holiday Ginger Cookies Recipe

  Ingredients: - 2 1/4 cups all-purpose flour - 2 tsp ground ginger - 1 tsp baking soda - 1 tsp ground cinnamon - 1/2 tsp ground cloves - 1/4 tsp salt - 3/4 cup unsalted butter, softened - 1 cup granulated sugar - 1 large egg - 1 tbsp water - 1/4 cup molasses - 1/4 cup additional granulated sugar for rolling Instructions: 1. Preheat Oven: Preheat your oven to 350°F (175°C). Line baking sheets with parchment paper. 2. Combine Dry Ingredients: In a medium bowl, whisk together the flour, ginger, baking soda, cinnamon, cloves, and salt. 3. Cream Butter and Sugar: In a large bowl, using an electric mixer, beat the butter and 1 cup of sugar until light and fluffy. Add the egg, water, and molasses, and beat until well combined. 4. Mix Ingredients: Gradually add the dry ingredients to the wet ingredients, mixing until just combined. 5. Form Dough Balls: Roll the dough into small balls, about 1 inch in diameter. Roll each ball in the additional granulated sugar to coat. 6. Bake: Place the...
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Canada Expands Mortgage Options for First-Time Homebuyers

 

In a significant move to support aspiring homeowners, the Canadian government has introduced several enhancements to facilitate home purchases. These changes aim to make homeownership more accessible and affordable for first-time buyers. Here are the key updates:

  1. Increased Home Buyers’ Plan Limit:

    • The Home Buyers’ Plan, an existing federal program, allows Canadians to withdraw from their Registered Retirement Savings Plan (RRSP) to buy or build a qualifying home.
    • Budget 2024 proposes to raise the Home Buyers’ Plan limit from $35,000 to $60,000. This means first-time homebuyers can use the tax benefits of RRSP contributions to save up to an additional $25,000 for their downpayment.
    • The enhanced Home Buyers’ Plan complements the Tax-Free First Home Savings Account (FHSA), which allows contributions of up to $8,000 per year (up to a lifetime limit of $40,000) toward the downpayment.

  2. 30-Year Mortgage Amortizations for New Builds:

    • Effective from August 1, 2024, the government will allow 30-year mortgage amortizations for first-time homebuyers purchasing newly built homes.
    • Extending the amortization period for insured mortgages by five years will help more young Canadians afford monthly mortgage payments and encourage new housing supply.

  3. Permanent Amortization Relief:

    • The Canadian Mortgage Charter enhancements include an expectation that permanent amortization relief will be available to protect existing homeowners who meet specific eligibility criteria.
    • Amortization relief allows eligible homeowners to reduce their monthly mortgage payments to a manageable level for as long as needed.

These measures collectively aim to put home ownership back within reach for Canadians, addressing the challenges of saving for downpayments and qualifying for affordable mortgages. With these changes, more individuals can achieve their dream of owning a home and retain control over important life decisions.

Remember, a home is not just a place—it’s a foundation for building memories and securing your future. 

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