Home Renovation Tax Credit (HRTC)

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Ranin
Member since: Aug 04

Posts: 281
Location: Guelph, ON
Post ID: #PID

Posted on: 16-03-09 12:31:42

Home Renovation Tax Credit (HRTC)

I plan to renovate my principal residence and want to claim the new HRTC (Home Renovation Tax Credit) for the year 2009. However, after the renovation, we will be putting the house for sale. By all chances we will be in a new residence by the time we file our returns next year. Will this expense qualify to claim HRTC? Point to note is that this is valid only for the principal residence.
This is a new credit, so not many people know about it. Any guidance is greatly appreciated. Thanks in advance.

dalsania_nh
Member since: Jan 08

Posts: 29
Location: markham
Post ID: #PID

Posted on: 16-03-09 20:34:29

As far as the expense you carry out is done on the principal residence at the time of the expense there is no reason not to qualify.

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Home Renovation Tax Credit (HRTC)

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