Wednesday, December 9, 2009

Home Renovation Tax Credit Confusion

Patrick Brown's latest ten-percenter (front, back) reminds his constituents of the upcoming deadline to qualify for the Home Renovation Tax Credit. It's too bad he's still misinforming them via his web site:
"For the next two years, a new Home Renovation Tax Credit will apply to the cost of labour and supplies, and can save Canadians up to $1350 when they improve their homes."

"For the next two years, the new home renovation tax credit will apply to the costs of labour and supplies."

The Home Renovation Tax Credit is a one-year temporary tax credit for the 2009 tax year. Only qualifying work performed and goods purchased in the one-year period between January 28, 2009 and February 1, 2010 are eligible.

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