Home renovation tax credit

Under the Home Renovation Tax Credit, introduced in the January federal budget, home improvements costing between $1,000 and $10,000 will be eligible for a 15 per cent deduction for the 2009 fiscal year. But Canadians have a short window to take advantage of the HRTC, since it only applies to renos done between Jan. 27, 2009 and Feb. 1, 2010.

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