The Home Renovation Tax Credit is a smart investment in the long term value of your home and generates broad-based
economic activity. The credit applies to expenditures related to renovations or alterations of a dwelling and property. Renovations
must be long lasting and integral to the dwelling. The credit will be available for the 2009 tax year and applies to
eligible expenditures between $1,000 and $10,000, with a maximum tax credit of $1,350 ($9000 x 15%).
Note: You wont' receive a rebate!
It reduces the Net Federal Tax you'll have to pay! (See Schedule 1 of your T1 for 2009).
For more information go to:
http://www.budget.gc.ca/2009/pamphlet-depliant/pamphlet-depliant3-eng.asp
Environment Canada's Office of Energy Efficiency offers Home Improvement Grants for Residential Property Owners.
Existing grants are now increased by 25% Take advantage of this great deal to improve your home and save energy!
You can take advantage of both the Home Improvement Grants and the Home Renovation Tax Credit.
For more information :
CMHC - Canada Mortage and Housing Corporation
has helpful information for buying, maintaining and renovating your home. They have free booklets that you can download and
other materials that you can purchase on the internet. A great resource for addressing problems in your home like mold, water
penetration, planning a renovation, etc.
More information at:
