Home Renovation Tax Credit (HRTC) part 2
Filed Under Tax · Tagged: home renovation tax credit, Tax
Here is a summary of the important features of the Home Renovation Tax Credit:
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This is a non-refundable & temporary tax credit valid for the 2009 tax year only.
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The tax credit is 15% of eligible expenditures on home renovations made on eligible dwellings
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The tax credit applies to expenditures over $1,000 to $10,000
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The maximum tax credit amount is $1,350 per family ($9000 x 15%)
We’ll get into more detail on my next blog!
Sources: www.cra-arc.gc.ca and www.taxtips.ca
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