Home Renovation Tax Credit Information
February 19th, 2009 | Published in basement, bathroom, bedroom, contractor selection, electrical wiring, finances, flooring, heating and cooling, kitchen, maintanence, outdoor, painting, plumbing, remodeling, renovating, repair, tax credit | 24 Comments
Many people have been wondering about the home renovation tax credit and just what exactly it entails. Information is now available on the Canadian government website, including a pamplet with further details.
Below is a break down of the main points of interest:
What is the time frame during which the credit can be applied?
“…after January 27, 2009 and before February 1, 2010, pursuant to agreements entered into after January 27, 2009.”
For work completed and some necessarily obtained goods! This credit is for new renovations and ongoing improvements on the residential structure itself, as well as the land it sits on.
What exactly can I get back?
It’s a 15% credit which can be claimed on an amount which is more than $1000 and under $10,000. The maximum credit that you can obtain is $1350.
What Dwellings are eligible?
* houses
* cottages
* condo units
(must be inhabited or used by the owner)
What Types of expenses can be considered?
* projects (ie: finishing your basement or re-doing the kitchen)
* “associated expenses” (permits, rentals, labour, etc.)
Who is eligible to claim it?
“Taxpayers can claim the HRTC when filing their 2009 tax return…. Family members will be able to share the credit.”
Examples of items and work that CANNOT be claimed
* new furniture and appliance or tools purchases
* cleaning services
* maintenance services
More information to come:
Canada Revenue Agency’s website
Department of Finance website
Contact:
- Department of Finance Canada
Distribution Centre
Room P-135, West Tower
300 Laurier Avenue West
Ottawa, Ontario K1A 0G5
Phone: 613-995-2855
Fax: 613-996-0518
Service Canada
1-800 O-Canada (1-800-622-6232)
1-800-926-9105 (TTY)
E-mail: services-distribution@fin.gc.ca
March 4th, 2009 at 8:28 pm (#)
In the case of a condominium where the outside of the building is going through a cladding plus all new windows, is this credit (15%) paid to the corporation at the condo or the applicable unit owner(s)?
April 29th, 2009 at 8:29 am (#)
This is from the FAQ sheet from http://www.cra-arc.gc.ca/hrtc/
Q. Will expenditures for the common areas of condominiums and co-operative housing corporations qualify for the credit?
A.
In the case of condominiums and co-operative housing corporations, the individual’s share of the cost of eligible expenditures for common areas will qualify.
June 17th, 2009 at 6:30 pm (#)
new roof shingles 5260$ … do I qualify??
ernie.
job done june 16th/2009.
June 23rd, 2009 at 12:55 pm (#)
A new roof will qualify. See the list at: http://www.cra-arc.gc.ca/tx/ndvdls/sgmnts/hmwnr/hrtc/lgbl-xpns-eng.html
Homestead Construction,
Wainwright Alberta
email Lano at tondu.name
July 4th, 2009 at 11:14 am (#)
We are putting in new windows ,and have to change all the trim ,and paint, Do we quallify?
July 28th, 2009 at 11:43 am (#)
Hi I have replace my stove with Cooktop that is fixed and permenant installed on my Contertop ( Unremovable, same as sink) . Do I qualify to claim Reno Tax Credit?
Thanks
July 31st, 2009 at 10:24 pm (#)
Kevin/Henry…
if you read the FAQ sheet it will answer both your questions.
Kevin – Yes
Henry – No
My question to anyone is, are there any other incentives for renovations, basement developments, building a garage, landscaping etc etc in the Calagry Area?
Thanks
August 4th, 2009 at 8:07 am (#)
Condominium common areas.
In addition to a tax grant for the individual owners, is there a govnt grant for replacing a fence along a train line in a condominium complex. If this is available would you please forward me the relevant information.
August 31st, 2009 at 10:52 am (#)
I was wondering if we can still qualify if we do the work ourselves…no hired help from professionals or family.
September 17th, 2009 at 9:26 pm (#)
I rent… I am a tax payer
Can I file for the renovations I have done in my home?
September 18th, 2009 at 7:51 pm (#)
I live in a new condo that has no needs. I am doing a lot of reno work for my grandmother at her house. I have paid for all the repairs (new bathroom, kitchen reno, and window replacement). She doesn’t have enough money to afford the repairs nor does she make enough pension that there would be any refund. Can I claim them on my tax return?
September 25th, 2009 at 8:49 pm (#)
What if I purchase a new kitchen now (sept 2009) but it’s not fully installed by Feb 2010 b/c the company is so busy?
December 27th, 2009 at 12:57 am (#)
Can a condo owner claim the HRTC for a percentage of the renovations on the ouside of a condo building or for any other renovations to the condo’s common areas such as pool, party room, tennis court etc.
Thank you
February 5th, 2010 at 2:55 pm (#)
In our co-op building some of the unit owners/shareholders will be unable to use their portion of the building’s expenses for the Renovation Tax Credit. Can the total expenses be divided among the shareholders that will benefit from the credit? Do we need them to sign a waiver or some kind of agreement that they are not able to use these expenses?
February 23rd, 2010 at 3:35 pm (#)
I have replaced an old cooktop (in the countertop) with a new one. Does the expense for the new cooktop qualify as an eligible expense??
Thank you for your kind attention.
February 28th, 2010 at 10:49 am (#)
who is best to claim the credit with two incomes in the house? the higher or lower?
March 9th, 2010 at 11:56 am (#)
I have some repairs done on my heating symtoms and plumbing to improve it . Total $158.82,$178.03 for plumbing and$78.48,$133.24 for heating system .I have the receipts.
March 9th, 2010 at 12:00 pm (#)
I have some repairs done on my heating symtoms and plumbing to improve it . Total $158.82,$178.03 for plumbing and$78.48,$133.24 for heating system .I have the receipts.Can I claim them.
March 12th, 2010 at 5:26 pm (#)
I have my receipts for home renovations with other miscellaneous items on them. When I total the amount for the renovations only, do I include the tax GST & PST or do I total the amount without? This is never mentioned anywhere, I’m sure others need to know this… Thank you
April 25th, 2010 at 3:07 pm (#)
Did you ever get an answer to this? I’ve searched everywhere but I can’t find out whether or not to include the GST. Thanks.
April 30th, 2010 at 7:22 am (#)
I’ve been looking for the same information, do we or do we not include the GST and PST, it will make a big difference.
If it’s the government’s fault for not addressing it, then I’m going to put it in. Someone didn’t think of it. They do want GST registration numbers available to them.
January 26th, 2011 at 7:01 pm (#)
Hello everyone, i have put together some helpful tips and idea for you to plan out your next renovation with a better understanding.
http://homerenovations2.blogspot.com/
October 13th, 2011 at 9:49 am (#)
Is the home owner renovation tax credit available for the 2010 tax year?
November 29th, 2011 at 3:53 am (#)
Good thing to have this. Thank you!