HOME RENOVATION TAX CREDIT
Good news! The Home Renovation Tax Credit (HRTC) recently introduced by the government provides eligible homeowners with a nice incentive by way of a tax credit to undertake certain upgrades to their homes.
The credit will be based on eligible expenditures for work performed or goods acquired after January 27, 2009, and before February 1, 2010 and applies to eligible expenditures of more than $1,000, but not more than $10,000, resulting in a maximum credit of $1,350 ($9,000 x 15%).
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