Canadian homeowners are now eligible for the Home Renovations Tax Credit outlined in the Harper Governments recent Federal Budget for 2009. Families will be eligible to claim a 15% non-refundable tax credit for eligible expenses made in respect of eligible dwellings. The credit will apply to expenditures in excess of $1,000, but not more than $10,000, resulting in a maximum credit of $1,350 ($9,000 x 15%).
Examples of HRTC Eligible and Ineligible Expenditures:
Eligible
Renovating a kitchen, bathroom, or basement
New carpet or hardwood floors
Building an addition, deck, fence, landscaping, patios, walkways or retaining wall
A new furnace or water heater
Painting the interior or exterior of a house
Resurfacing a driveway (interlock)
Laying new sod
Ineligible
Furniture and appliances (refrigerator, stove, couch)
Purchase of tools
Carpet cleaning
Maintenance contracts (furnace cleaning, snow removal, lawn care, pool cleaning, etc.)
Let the Federal Government help pay for your Landscape upgrades!
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