In the News

Home Renovation Tax Credit

The Home Renovation Tax Credit (HRTC) can help with the cost of materials and our professional services. It is a credit being applied for the 2009 tax year and all our services and costs will apply for the credit.

"Now is a great time to increase the value of your home. The Home Renovation Tax Credit is a limited opportunity to receive money back on your investment. This tax credit opportunity ends February 10, 2010. The time to act is NOW! We hope answers to the questions below help you take advantage of this, one-time opportunity to green your property!"

Services Eligible

  • renovating a kitchen, bathroom or basement
  • new carpet, hardwood floors and ceramic
  • new windows and doors
  • building an addition, deck, fence and shed
  • painting of interior or exterior of a house
  • crown moulding and baseboards

How much can I save?

"A 15 per cent credit may be claimed on the portion of eligible expenditures exceeding $1,000, but not more than $10,000, which allows a maximum tax credit of $1,350."

How do I apply to receive the credit?

"There is no application, simply file your claim next tax season. You are not required to send your receipts into Revenue Canada, but make sure you keep the receipts on file in case Revenue Canada questions your return."

http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhmrnvtn-eng.html