CIBC providing Canadians with special savings when buying a home or making a home renovation



    
    Special offers will allow clients to take full advantage of proposed tax
    credits in the Federal Budget
    

    TORONTO, Jan. 29 /CNW/ - CIBC is helping Canadians take full advantage of
proposed tax credits in this week's federal budget by putting extra money in
their pockets to help buy their first house or renovate their home.

    
    At CIBC, clients can:

    -  Save $499 towards set up fees for a Home Power Line of Credit.
       Canadians can use their Line of Credit to pay for home renovations
       that benefit from the tax credit and CIBC will cover the costs for
       qualifying clients to set it up.

    -  Receive $500 Cash back on a qualifying mortgage for clients buying
       their first home. Clients can take advantage of the new tax credit for
       1st time homebuyers and CIBC will provide cash back to help with legal
       fees or home renovations.

    -  Fees waived for one year on the CIBC Dividend Platinum credit card
       acquired in the branch. Effective immediately, CIBC will waive the
       annual fee on new cards for one year, in addition to providing 2% cash
       back on all purchases including home renovations.
    

    "These offers will help our clients save money in the current economic
environment and encourage them to fully benefit from the new tax credits
provided in this week's budget," said Sonia Baxendale, senior executive
vice-president, CIBC Retail Markets. "We want to help our clients to make
important investments like buying a home or completing home renovations,
easier and more affordable."

    CIBC is a leading North American financial institution with nearly 11
million personal banking and business clients. CIBC offers a full range of
products and services through its comprehensive electronic banking network,
branches and offices across Canada, in the United States and around the world.
You can find other news releases and information about CIBC in our Press
Centre on our corporate website at www.cibc.com.





For further information:

For further information: Rob McLeod, (416) 980-3714


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