Home Renovation Tax Credit (HRTC) Canada

Home Renovation Tax Credit (HRTC) Canada

The Home Renovation Tax Credit is a temporary non-refundable tax credit that will only be avaliable for the 2009 tax year regarding home renovation expenditures between January 27, 2009, and before February 1, 2010.

The credit will only be available for the 2009 tax year and applies to eligible expenditures of more than $1,000, but not more than $10,000, resulting in a maximum credit of $1,350.

  • Tax credit 15% of eligible expenditures on home renovations made in respect of eligible buildings
  • Maximum credit amount of $1,350 per family and a family will generally be considered to consist of an individual or an individual and his or her spouse or common-law partner, including children who will be under 18 years of age, at the end of 2009.
  • The credit will only be available for the 2009 tax year and applies to eligible home renovation expenditures of more than $1,000, but not more than $10,000, resulting in a maximum credit of $1,350 ($9,000 x 15%)

Please note what eligible home renovation expenditures incurred in relation to a renovation or alteration to an eligible dwelling (or the land that forms part of the eligible dwelling) must be of an enduring nature and integral to the dwelling, and includes the cost of labour and professional services, building materials, fixtures, rentals, and permits. Eligible expenditures must be supported by acceptable documentation.