Thursday, January 29, 2009

Home Renovation Tax Credit

With the 2009 budget, the Government of Canada has added a Home Improvement Tax Credit (up to $1,350) to help Canadian homeowners. To qualify, home renovations must be completed before February 1st 2010. The credit may be claimed for the 2009 tax year on eligible expenses over $1,000 but not exceeding $10,000 and will provide up to $1,350 in tax relief.
*Source: Canada’s Economic Action Plan Budget 2009 Jan 27, 2009
Click here for more information on the HRTC.

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