HOME RENOVATION TAX CREDIT

The Home Renovation Tax Credit (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 17, 2009.

The 15 per cent credit may be claimed on the portion of eligible expenditures exceeding $1000 but not more than $10,000, meaning that the maximum tax credit that can be received is $1350.

Taxpayers can claim the HRTC when filing their 2009 tax return. Receipts will be required when filing your taxes.

Examples of HRTC Eligible Expenditures:

• Building and addition, deck, fence or retaining wall
• Renovating a kitchen bathroom or basement

Additional information is available from: