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."
http://www.servingbarrie.com/EN/8344/93501

"For the next two years, the new home renovation tax credit will apply to the costs of labour and supplies."
http://www.servingbarrie.com/EN/8344/81401

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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