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Jerry Boyles

Home Renovations Tax Credit

Thinking about doing any improvements to your home this year? Well make sure to keep those receipts for your accountant. New windows, doors, roof or paint. For the most part it's all eligible.

You can file it on your 2009 tax return as long as the work was performed or the goods acquired after January 27th 2009 and before February 1st 2010.  Your eligible for expenses of more than $1,000, but not more than $10,000, resulting in a maximum non-refundable tax credit of $1,350 [($10,000 − $1,000) × 15%].

  Sounds good to me, follow the link for all the info from the Canada Revenue Agency. 

 

http://www.cra-arc.gc.ca/hrtc/

 

 

Published Friday, January 15, 2010 11:59 AM by Jerry Boyles

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