We recently wrote a post to our blog about the programs in the new federal budget which benefit homeowners and home purchasers. Since then we’ve had a lot of people asking us what types of property improvements qualify for the Home Renovation Tax Credit. Click here to read or print this Government of Canada brochure which provides helpful information on Eligible and Non-Eligible Expenditures as well as examples of how homeowners can benefit.
Examples of Eligible Expenditures:
- renovating a kitchen, bathroom or basement
- new flooring
- additions, decks, fences and retaining walls
- new furnace or hot water tank
- interior or exterior painting
- resurfacing a driveway
- laying new sod
Do you have a real estate question? Click on the FORUM on this website and we’ll be glad to answer!
