I’ve noticed in the past couple of months various businesses specifically advertising products that are eligible for the Home Renovation Tax Credit (HRTC) which I thought was an interesting way to convince customers to let go of some of their hard earned money and indulge in some home improvements. Of course, as part of Canada’s Economic Action plan that was the point of the HRTC.
For home owners of single family homes the guidelines are straightforward, but if you’re a condo owner the rules are more complicated. If you’re a renter, you’re totally out of luck. With only two more months to take advantage of this one time only non-refundable tax credit, it’ll be interesting to see how much of a jumpstart to the economy it produces.
