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Personal Finance > Don't Mess With Taxes

Reconfigured home buyer tax credit

Kay Bell | Wed, 10/28/2009 - 10:54pm |  10 comments

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OK, here's the latest iteration of the first-time home buyer tax credit extension , agreed to (or so some say) Wednesday evening by the Senate leadership and the sponsors of various proposals. The $8,000 credit would continue for first-time buyers. A reduced credit of up to $6,500 would
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payday loans act

BruceM | October 29, 2009, 1:40 am

After the economic downturn, people become lenient when it comes to money and they wanted to make sure that it goes to the right place and the right reason. That is why many would agree on the new Ontario legislation called Payday Loans Act. For instance, no interest rate may be imposed beyond 21% for anything, all lenders must be licensed, and customers must have a cooling off period where they can cancel the loan, and lenders must disclose any and all terms up front. There are positive points to this legislation, of course – but the problem is that prohibitions rarely work as well as they intend to. Let's hope that the Payday Loans Act doesn't run too many people out of business – but it will hardly diminish the demand for payday loans.