Don’t Forget – Claim your HRTC

As we’re coming up to the end of tax season a lot of you savvy homeowners have taken advantage of the home renovations and are now dreaming of your upcoming tax credits.

In case you missed it the HRTC was a one-time deal – as touted on commercials from every major home renovation retailer over the last year eligible expenditures related to repairs or improvements to your home may be claimed for up to $1,350 on your 2009 federal income tax return.

Qualifying for the HRTC takes some planning and an understanding of what expenses are eligible, so don’t let those savings slip away – here are some resources to help you benefit.

Canada Revenue Agency – How to claim your HRTC
http://www.cra-arc.gc.ca/tx/ndvdls/sgmnts/hmwnr/hrtc/clmng-eng.html

Department of Finance Canada – HRTC
http://www.fin.gc.ca/act/hrtc-cird/hrtc-cird-eng.asp

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