Everything you need to know about the home
renovation tax credit.
Save up to $1,350 on home improvements purchased before
February 1, 2010.
The Home Renovation Tax Credit 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 [($10,000 - $1000) x 15%].
You can claim a non-refundable tax credit on your 2009 income tax return. This
tax credit is based on eligible expenses incurred for work performed or goods
acquired after January 27, 2009 and before February 1, 2010. Only agreements
entered into after January 27, 2009 and related to a qualified dwelling are
eligible.
Pick up your receipt envelope at our store today!
What you need to know about the Home Renovation Tax
Credit
Can you claim the HRTC?
Eligibility, time limits, dwelling and eligible expenses
How to calculate your
HRTC
Worksheet and examples of calculations
How to claim your HRTC
Acceptable supporting documentation, medical expense tax credit and other tax
credits
Click here to download TIMBR Mart brochure on the HRTC Tax Credit
(PDF Format)For more information, contact Canada Revenue Agency's
individual income tax enquiries service at 1-877-959-1-CRA (1-888-959-1-ARC for
French).
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.
