January 14, 2009 Update: The Home Renovation Tax Credit applies to applicable work performed or goods acquired before February 1, 2010. That means if you've got any home renovation projects sitting around, you might want to see what you can have done before the deadline!
Originally Posted March 16, 2009: Attention home owners, the Government of Canada is offering a very interesting incentive for home renovation. You can receive up to $1350 back as a tax credit for the 2009 tax year when you pay for renovation goods or services for an eligible dwelling. Here's a sample of qualifying expenditures straight from the Canadian Revenue Agency website:
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Originally Posted March 16, 2009: Attention home owners, the Government of Canada is offering a very interesting incentive for home renovation. You can receive up to $1350 back as a tax credit for the 2009 tax year when you pay for renovation goods or services for an eligible dwelling. Here's a sample of qualifying expenditures straight from the Canadian Revenue Agency website:
- Renovating a kitchen, bathroom or basement
- New carpet or hardwood floors
- Building an addition, garage, deck, garden/storage shed, fence
- Re-shingling a roof
- A new furnace, woodstove, boiler, fireplace, water softener or water heater
- A new driveway or resurfacing a driveway
- Painting of interior or exterior of a house
- Window coverings directly attached to the window frame and whose removal would alter the nature of the dwelling
- Laying new sod
- Fixtures – lights, fans, etc.
- Associated costs such as permits, professional services, equipment rentals and incidental expenses
Find more Canadian deals at RedFlagDeals.com
