Home Renovation Tax Credit for Canadians

[mikeneron]

The HRTC will apply to eligible home renovation expenditures for work performed, or goods acquired, after January 27, 2009 and before February 1, 2010, pursuant to agreements entered into after January 27, 2009. The temporary nature of the credit will provide an immediate incentive for Canadians to undertake new renovations or accelerate planned projects.

The 15-per-cent credit may be claimed on the portion of eligible expenditures exceeding $1,000, but not more than $10,000, meaning that the maximum tax credit that can be received is $1,350.

http://www.budget.gc.ca/2009/pamphlet-depliant/pamphlet-depliant3-eng.html

Hey Trann, should have waited a year on the basement reno ;)

[JumperJeff]

Woo hoo! I need to build a fence and a deck and a shed. :-) Might be able to max out.

[Quads]

I'm going to copy this to the planning forum as well so it gets some exposure up there.

[Trann]

Hey Trann, should have waited a year on the basement reno ;)
Lesse what's on the To-Do list...

Basement: ceiling tiles, ceiling track, wetbar cabinetry, underlay, carpet.
Upstairs: new lino in kitchen, hardwood in livingroom, paint everywhere.
Outside: rebuild deck, rebuild retaining wall.

I can spend it, but where am I gonna store it?