How will the Home Renovation Tax Credit work?
Canadian homeowners can claim a 15 percent, non-refundable tax credit for eligible expenditures of more than $1,000, but not more than $10,000 for a maximum credit of $1,350 ($9000 x 15%). Based on information currently available, it appears the HRTC applies to do it for me and do it yourself projects, and may be claimed in addition to support from the existing ecoENERGY retrofit program and the medical expense tax credit.
