Effective today through Jan. 31, 2010, homeowners can claim a tax credit for 15 per cent of renovation expenses between $1,000 and $10,000. The maximum tax credit (on $9,000 in renovations) is worth $1,350.
Projects that qualify for the 15% credit include renovating a kitchen, bathroom or basement, installing new carpet or hardwood floors, building an addition, deck, or fence, installing a new furnace, or painting the inside or outside of your property.
Visit www.yourhome.ca/homes/article/578132 for more details.
January 27, 2009
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