The Home Renovation Tax Credit is an incentive created by the government for people to get reimbursed for some of the money they spend on renovations. You can claim up to $1350 on your 2009 income tax return.
Here are the items that are eligible to claim:
- the renovation of a kitchen, bathroom or basement
- installing new carpet or hardwood
- building a deck, fence, retaining wall or addition
- new water heater or furnace
- painting the exterior or interior of the house
- laying new sod
- labour costs
- fixtures
- building materials
- professional fees
- permits
- equipment rentals
Items that are not eligible:
- Appliances or furniture
- Purchase of tools
- Carpet cleaning
- Maintenance contracts ( furnace cleaning, snow removal etc.)
Visit www.cra-arc.gc.ca/gncy/bdgt/2009/fghmrnvtn-eng.html for more information.
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