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Saturday, October 31, 2009

Home Renovation Tax Credit (HRTC)

This year, a number of our customers were related to the program called HRTC (Home Renovation Tax Credit). HRTC is:
a non-refundable tax credit based on eligible expenses for improvements to your house, condo or cottage. It can be claimed on your 2009 income tax return. It applies to work performed or goods acquired after January 27, 2009, and before February 1, 2010 under an agreement entered into after January 27, 2009.
According to HRTC, For any project cost between $1000 to $10000, you can get 15% of the expense back. Here is how to calculate your HRTC: [Link]
There is a list of "eligible and ineligible expenses": [Link]
All the informations about tax credit: Action Plan

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