Home Renovation Tax Credit - Win for Green Industry
In the weeks leading up to the announcement of the 2009 Federal Budget, The Honourable Jim Flaherty, Minister of
Finance requested industry consultation. The Canadian Nursery Landscape Association (CNLA) responded in a
major way by providing Minister Flaherty with an action plan to stimulate the Canadian economy by investing in green
infrastructure. Michael Murray, CNLA President, was very pleased that Minister Flaherty took the recommendation
seriously. “This is a great development for Canadian home owners and our industry. We hope this is just the
beginning and look forward to this government’s support in the future”, said Mr. Murray.
Canadian homeowners are now eligible for the Home Renovation Tax Credit outlined in the Harper Government’s
recent Federal Budget for 2009. Families will be eligible to claim a 15% non-refundable tax credit for eligible
expenses made in respect of eligible dwellings. The credit will apply to expenditures in excess of $1,000, but not more
than $10,000, resulting in a maximum credit of $1,350 ($9,000 x 15%).
Examples of HRTC Eligible and Ineligible Expenditures:
Eligible
Renovating a kitchen, bathroom, or basement
New carpet or hardwood floors
Building an addition, deck, fence, landscaping or retaining wall
A new furnace or water heater
Painting the interior or exterior of a house
Resurfacing a driveway
Laying new sod