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Home Renovation Tax Credit

In the Federal Government's January 2009 budget they included a Home Renovation Tax Credit worth 15% of 
the cost of a home renovation project.  The incentive is available for projects worth more than $2000 and 
a maximum of $1350 can be claimed on the first $10 000 of a home renovation project.  
The maximum amount is calculated based on the inability to claim the credit on the first $2000 of the project.
Therefore $1350 is 15% of $8000 ($10 000 less the first $2000).
This incentive is only available until February 1, 2010. 
'''More Information'''
See Canada Revenue Agency's [http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhmrnvtn-eng.html|Home Renovation Tax Credit Webpage]

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