Will the budge give you a nudge?

So the federal budget was revealed on Tuesday and boy was it ever tense. On one hand the government's political doctrine to stay the coarse and to be "conservative", on the other pressure from an international recession to spend and stimulate the lagging numbers. Not to mention the fact that the sitting Tories are only holding a minority and no longer have the luxury of a conservative big brother south of the boarder to hid behind. With that all said, I guess it was little suprise that the budget was anything but conservative, $40 billion in stimulus through tax cuts and actual spending should lead to the creation or saving of 190,000 jobs and boost the canadian economy a whopping 1.9%.
There are many industries that will be effected by the new policy, but I'll just highlight a few that effect me in a personal manner.
Home Buying

1. 1st timers will be alowed to withdraw $25,000 from their RRSPs to purchase a home. (up from $20,000)
2. Tax credit program which offers a 15% tax credit on up to $5000 in closing closts. This credit is also exclusive to 1st timers and the credit will come off of the taxes owing.

Home Renovations

1. Tax credit of 13.5% on up to $10,000 of the amount spent. So if you spend the max $10,000 you can get a tax credit of $1350, but if you spend more lets say $20,000 on a reno you will still only receive the $1350.
2. Items that can count as home reno range from new windows to new flooring to paint and to new sod for your lawn. The range is huge.
3. This can be used for your home or cottage. Or even a combination of both.
4. The Credit can be used with other government programs that put money back into your pocket when you renovate your home. For example making your home more energy-efficient you can qualify for grants of up to $5,000 under the ecoENERGY Retrofit Program