February 04, 2009

Tax Credit for Home Renovations

Extra money from the Government for your renovation. Let’s get started…

The federal government has announced that part of its 2009 Economic Action Plan includes a tax credit for home renovations. Any Canadian who spends money on home renovations before February 1, 2010 will be eligible to receive up to $1,350 in tax relief thanks to the new Home Renovation Tax Credit. More details will emerge once the budget is passed – in the meantime, here is the information we have regarding the proposal on the government website:

http://pm.gc.ca/eng/media.asp?id=2403