Gardeners and The Home Renovation Tax Credit
The Federal Government has introduced a special tax credit for gardeners and home improvement aficionados. For expenditures between $1000 and $10,000 you can receive 15% back up to a maximum of $1350 when you file your 2009 tax return. In order to qualify, you have to spend at least $1000, but this amount can be made up of many small purchases, so save your receipts! The eligibility period is from January 27th, 2009 until February 1st 2010. So this upcoming year is a great time to make improvements to your house and garden - put in new beds, renovate old beds, or put in that new garden feature you have always wanted.
What Can I Claim?
• laying new sod
• purchasing trees, shrubs, perennials
• decks, retaining walls, pathways
• irrigation and lighting systems
• ponds and waterfalls
• garden sheds
• professional landscape design services
• professional landscape contractor services
This is the perfect time to landscape your front and/or backyard. To be eligible, expenditures incurred in relation to a renovation or alteration to an eligible dwelling (or the land that forms part of the eligible dwelling) must be of an enduring nature and integral to the dwelling, and includes the cost of labour and professional services, building materials, fixtures, rentals, and permits.
Who Can Claim? About 4.6 million families in Canada are expected to benefit from the credit. Taxpayers can claim the HRTC when filing their 2009 tax return. Eligibility for the HRTC is family based. For the purpose of the credit, a family is generally considered to consist of an individual, and where applicable, the individual’s spouse or common-law partner. Family members will be able to share the credit.
The Federal Government has introduced a special tax credit for gardeners and home improvement aficionados. For expenditures between $1000 and $10,000 you can receive 15% back up to a maximum of $1350 when you file your 2009 tax return. In order to qualify, you have to spend at least $1000, but this amount can be made up of many small purchases, so save your receipts! The eligibility period is from January 27th, 2009 until February 1st 2010. So this upcoming year is a great time to make improvements to your house and garden - put in new beds, renovate old beds, or put in that new garden feature you have always wanted.
What Can I Claim?
• laying new sod
• purchasing trees, shrubs, perennials
• decks, retaining walls, pathways
• irrigation and lighting systems
• ponds and waterfalls
• garden sheds
• professional landscape design services
• professional landscape contractor services
This is the perfect time to landscape your front and/or backyard. To be eligible, expenditures incurred in relation to a renovation or alteration to an eligible dwelling (or the land that forms part of the eligible dwelling) must be of an enduring nature and integral to the dwelling, and includes the cost of labour and professional services, building materials, fixtures, rentals, and permits.
Who Can Claim? About 4.6 million families in Canada are expected to benefit from the credit. Taxpayers can claim the HRTC when filing their 2009 tax return. Eligibility for the HRTC is family based. For the purpose of the credit, a family is generally considered to consist of an individual, and where applicable, the individual’s spouse or common-law partner. Family members will be able to share the credit.