Comments on: The Home Renovation Tax Credit (HRTC)

By: Canadian Capitalist

Canadian Capitalist — Fri, 29 Jul 2011 02:30:44 +0000

@Wayne Banks: Unfortunately, you are out of luck. The HRTC was available only for a very limited time period.

By: Wayne Banks

Wayne Banks — Thu, 28 Jul 2011 19:54:12 +0000

Unfortunately we have been faced with replacing the roof (completed by a professional) at our cottage AND at our dwelling & a 1 car garage roof. Both jobs / work has been or is being completed by a professional with prior estimates received. My question is this: is there a Renovation/Repair Tax Credit for the expenses related to the work completed on both jobs in 2011? I could not see the answer in the info I read on your web site. Thank you.

By: Claim the Ontario Children’s Activity Tax Credit « MoneySense

Claim the Ontario Children’s Activity Tax Credit « MoneySense — Mon, 25 Apr 2011 18:50:30 +0000

[...] The Home Renovation Tax Credit (HRTC) [...]

By: Traciatim

Traciatim — Wed, 14 Jul 2010 15:56:27 +0000

JS, There could be lots of reasons, mainly that it was a non-refundable tax credit. Meaning that you can only get back taxes that you paid. Look at your tax return and see how much tax you paid. If it was 0$ then you couldn’t get any more money back.

For the 2009 tax year a person earning $20,000 would only pay $1,121 in federal income tax. This assumes you have no other credits than the basic amounts (IE, no spouse, no kids, no special circumstances at all). The refund could not possibly be bigger than this amount, and that amount would be reduced with every other deduction and credit you have on your tax forms.

You did not provide enough information to answer your question in more detail.

By: JS

JS — Wed, 14 Jul 2010 15:35:58 +0000

HRTC? total income $20000 … renovation expenses 12000… hrtc refund only $600 why?

By: What to expect in Budget 2010 | Canadian Capitalist

What to expect in Budget 2010 | Canadian Capitalist — Thu, 04 Mar 2010 05:02:54 +0000

[...] is almost certain that the popular Home Renovation Tax Credit won’t make a [...]

By: Overtaxed

Overtaxed — Mon, 25 Jan 2010 20:46:51 +0000

The HRTC is a great thing. I replaced a bunch of windows this year. It put people to work and that benefit trickled through the economy in countless ways. I pay a lot of taxes, and am grateful for the this small credit. It stimulated economic activity at a time when it was needed.

People who fail to see this basic concept should get a job and start contributing to society.

By: 2009 Year-end financial deadlines | Canadian Capitalist

2009 Year-end financial deadlines | Canadian Capitalist — Wed, 09 Dec 2009 16:07:50 +0000

[...] February 1, 2010: Deadline for home improvement expenses to qualify for the Home Renovation Tax Credit. [...]

By: Traciatim

Traciatim — Wed, 09 Sep 2009 01:06:35 +0000

Yes Andre, demand causes the price to rise. This proves that the HRTC program is working. Thanks.

By: Andre

Andre — Tue, 08 Sep 2009 22:54:52 +0000

What a joke. Here in Quebec, renovators are charging a lot more now that there is this tax credit. I would have cost me far less if there were no such program.