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Ontario Home Renovation Tax Credit

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					Government Programs and Regulations


Home Renovation Tax Credit
Program                                                                                       Homeowners may
Homeowners may be eligible for a               • Examples of HRTC eligible                    be eligible for a
tax credit, when filing their 2009 tax           expenditures:
return, of up to 15 per cent of eligible           o renovating a kitchen, bathroom,
                                                                                              tax credit, when
home renovation expenditures exceed-                  or basement                             filing their 2009
ing $1,000, but not more than $10,000.             o new carpet or hardwood floors            tax return, of up
                                                   o building an addition, deck,              to 15 per cent
Details                                               fence, or retaining wall                of eligible home
• The Home Renovation Tax Credit                   o a new furnace or water heater
(HRTC) applies to eligible home                    o painting the interior or exterior
                                                                                              renovation expen-
renovation expenditures for work                   of a house                                 ditures exceed-
performed, or goods acquired, after                o resurfacing a driveway                   ing $1,000, but
January 27, 2009 and before February               o laying new sod                           not more than
1, 2010, pursuant to agreements                • Examples of ineligible expenditures:         $10,000.
entered into after January 27, 2009.               o Furniture and appliances
• The HRTC can be claimed for reno-                o Purchase of tools
vations and enduring alterations to a              o Carpet cleaning
dwelling, or the land on which it sits.            o Maintenance contracts (furnace
• The 15 per cent HRTC credit may                  cleaning, snow removal, lawn
be claimed on the portion of eligible              care, pool cleaning, etc.)
expenditures exceeding $1,000, but             • Taxpayers can claim the HRTC
not more than $10,000, meaning that            when filing their 2009 tax return.
the maximum tax credit that can be
received is $1,350.                            For more information contact Service
• The credit can be claimed on eligible        Canada at 1-800-662-6232 or visit
expenditures incurred on one or more           www.fin.gc.ca
of an individual’s eligible dwellings.
Properties eligible for the HRTC include
houses, cottages, and condominium
units that are owned for personal use.




1400 Don Mills Road, Toronto, Ontario • M3B 3N1 • Tel: (416) 443-8100 • Fax: (416) 443-8129


                                                                                                                  02/09

				
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