Home Renovation Tax Credit

Canada Home Renovation Tax Credit

Canadian homeowners can get up to $1,350 in tax credits for home renovations made between January 27, 2009 and February 1, 2010.

In February, 2009, the Canadian government included the Home Renovation Tax Credit (HRTC) as part of its Economic Action Plan.

The HRTC allows families to claim 15 per cent of home improvement expenses, between $1,000 and $10,000, on their 2009 income tax return. This gives families up to $1,350 in nonrefundable tax credits, which reduce the total amount of income tax they must pay.

2009 income tax return

The home renovation tax credit applies for 2009 income tax returns only. A line on the 2009 income tax return form will allow Canadian homeowners to enter the home improvement expenses they are claiming towards the credit. All home improvement expenses must be supported by valid receipts and documentation.

Home Renovation Tax Credit — how it works

Qualify for a Canadian government tax credit for home improvements.

For more information about the tax credit please click on the link below

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