| With the spring and summer seasons fast | | | | your house! You must spend at least $1000 to take |
| approaching, at least in most parts of the country, | | | | advantage of this great tax break. |
| many Canadians are preparing for spring clean-up, kids | | | | Now, I have heard many people balk at the $1350 tax |
| report cards, and that annual home renovation project. | | | | credit maximum as a mere “drop in the |
| While the downturn in the economy may get some | | | | bucket”. It very well may be if you are hiring a |
| nervous about spending their hard earned dollars on | | | | contractor to do the work for you. But, we are |
| fixing up the home front, the Canadian government | | | | Canadians, and these are tough times. Surely we can |
| has made it a bit easier on families and our wallets by | | | | do it ourselves. Right? |
| providing tax relief with the new home renovation tax | | | | Do it yourself centre’s, like Home Depot, have |
| credit (HRTC). | | | | been telling us for years that “we can do |
| The 15% home renovation tax credit may be applied | | | | it” and they are obviously “willing to |
| to renovation costs for projects such as finishing your | | | | help.” You just need an idea, a plan and maybe |
| basement, re-modeling your kitchen or even painting | | | | a long week-end to get started. |