Take Advantage of the Home Renovation Tax Credit...

September 04, 2009

Earlier this year our government introduced Canada’s Economic Action Plan, a bold multi-year approach to support our economy and protect our country during the global economic downturn. A key part of the plan is the Home Renovation Tax Credit (HRTC), whch provides a temporary 15% income tax credit on eligible home renovation expenditures for work performed, or goods acquired, after January 27, 2009 and before February 1, 2010.  The credit may be claimed on eligible expenditures exceeding $1,000, but no more than $10,000, for a maximum benefit of $1,350 in tax relief.
 
The HRTC can be claimed for renovations and alterations to a dwelling or the land on which it sits that are enduring in nature.  Costs associated with such projects will be eligible for the credit, including permits, professional services, equipment rentals and incidental expenses.  Routine repairs and maintenance normally performed annually or on a more frequent basis will not qualify for the credit.  Individuals will need to keep receipts for expenditures and may claim the HRTC when filing their income tax returns for 2009.

Eligible expenses include renovating a kitchen, bathroom or basement, new carpet or hardwood floors, a new furnace or water heater and painting the interior or exterior of a residence.

For more information on home your family can benefit from the Home Renovation Tax Credit please visit: http://www.cra-arc.gc.ca/hrtc/


Contact us…

Calgary Centre residents requiring assistance may contact my office by mail, phone, fax, e-mail or appointment. Our constituency office contact information is:

Lee Richardson, M.P.
Suite 105, 1410 11th Ave SW
Calgary, AB T3C 0M8

Phone: (403) 244-1880
Fax: (403) 245-3468
E-mail: Richardson.L@parl.gc.ca
Website: www.leerichardson.ca