
How to calculate your HRTC
The HRTC is only available for the 2009 tax year and applies to eligible
expenses of more than $1,000, but not more than $10,000, resulting in a maximum
non-refundable tax credit of $1,350 ($9,000 x 15%).
The HRTC will not be reduced by other government tax credits, grants, or
incentives that you may be entitled to.
Click here to download worksheet for calculating your home
renovation expense.
For examples showing various scenarios, please view the following page on Canada
Revenue Agency's website.
Click here.
Source:
www.cra-arc.gc.ca
Disclaimer - the above is provided in good faith
and is accurate as of July 15, 2009.
Please check with the above noted website for any changes or updates. You are
responsible for ensuring you meet Canadian tax laws.