What's eligible and what's not for the Home Renovation Tax Credit?

The federal government hopes the Home Renovation Tax Credit (HRTC) will get Canadians spending now to help create jobs in industries typically hurt by an economic downturn. Now through January 31, 2010, homeowners can claim a tax credit for 15 per cent of renovation expenses between $1,000 and $10,000. Here's a sample of what qualifies under the program and what does not.

Eligible

  • renovating a kitchen, bathroom or basement
  • new carpet or hardwood floors
  • building an addition, deck, fence or retaining wall
  • a new furnace or water heater
  • painting the interior or exterior of a house
  • resurfacing a driveway
  • laying new sod

Ineligible

  • purchase of furniture and appliances (e.g. refrigerator, stove, and couch)
  • purchase of tools
  • carpet cleaning
  • maintenance contracts (e.g. furnace cleaning, snow removal, lawn care, and pool cleaning)
Kevin Woolham

Kevin Woolham

REALTORĀ®
CENTURY 21 Millennium Inc., Brokerage*
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