If you've been putting off home renovations and updates, here's one way to save money.  But you'll have to act soon!  It's available only for the 2009 tax year.

The federal government's $3 billion Home Renovation Tax Credit (HRTC) applies to eligible home renovations or goods acquired after Jan 27, 2009 and before Feb 1, 2010.

The purpose of the temporary tax credit is to provide incentives to undertake new renovations or accelerate planned projects. The 15% credit may be claimed on the portion of eligible expenditures exceeding $1,000, but not more than $10,000. The maximum tax credit will be $1,350 ($9,000 x 15%).

The list of approved projects eligible for a tax rebate has been updated since the Program was first introduced.  For the current list of eligible projects, it's best to check the Canada Revenue Agency's website at http://www.cra-arc.gc.ca/hrtc/ .

If you have renovation projects in mind and need the names of reputable contractors in London and area, just give me a call. (Bud 519-657-6005) 

And remember, always get at least 3 written quotes.