Renovation Tax Rebates

The Canadian government is offering tax rebates for home renovations. Listed below is a list of what is allowed and what is not. Also information on how it works.

What types of products, services and expenses will be eligible?

Eligible

• Renovating a kitchen, bathroom or basement
• New carpet or hardwood floors
• Building an addition, garage, deck, garden/storage shed, fence
• Re-shingling a roof
• A new furnace, woodstove, boiler, fireplace, water softener or water heater
• A new driveway or resurfacing a driveway
• Painting of interior or exterior of a house
• Window coverings directly attached to the window frame and whose removal would alter the nature of the dwelling
• Laying new sod
• Swimming Pools (Permanent - in ground and above ground)
• Fixtures - lights, fans, etc.
• Associated costs such as permits, professional services, equipment rentals and incidental expenses

Ineligible

• Furniture, appliances, and audio and visual electronics
• Curtains and draperies
• Purchasing of tools
• Cleaning carpets
• House cleaning
• Maintenance contracts (e.g. furnace cleaning, snow removal, lawn care, and pool cleaning)

You can get a 15% tax credit for expenditures between $1,000 and $10,000. Go online to the govenment website to find out more about this rebate.