The Roofing Specialists Inc.

Home Renovation Tax Credit Information

Some examples of eligible and ineligible expenditures:

Eligible

Ineligible

Renovating a kitchen, bathroom or basement
New carpet or hardwood floors
Building an addition, garage, deck, garden/storage shed, fence
Re-shingling a roof
A new furnace, woodstove, boiler, fireplace, water softener or water heater
A new driveway or resurfacing a driveway
Painting of interior or exterior of a house
Window coverings directly attached to the window frame and whose removal would alter the nature of the dwelling
Laying new sod
Swimming Pools (Permanent - in ground and above ground)
Fixtures – lights, fans, etc.
Associated costs such as permits, professional services, equipment rentals and incidental expenses.

Furniture, appliances, and audio and visual electronics
Purchasing of tools
Cleaning carpets
House cleaning
Maintenance contracts (e.g. furnace cleaning, snow removal, lawn care, and pool cleaning)
Financing costs

Types of expenditures that will not qualify?

The following expenditures will not be eligible for the HRTC:

· the cost of routine repairs and maintenance normally performed on an annual or more frequent basis;

· expenditures that are not integral to the dwelling, and other indirect expenditures that retain a value independent of the renovation;

· expenditures for appliances and audio-visual electronics; and

· financing costs

Grants and Rebates for Consumers

It's possible to save money and save the environment.

Find out which grants and incentives fit your personal needs at home and on the road.

ecoENERGY Retrofit – Homes – Is available to owners of single family homes including detached, semi-detached and low rise multi-unit residential buildings. Property owners can qualify for a federal grant for improving the energy efficiency of their home. The maximum grant you can receive per home or multi-unit residential building is $5,000.

Tax Credit for Public Transit Passes - If you regularly take the bus, subway, commuter rail or ferry, you can get a tax break equal to 15.25% of the cost of a monthly transit pass just by saving your expired passes. The credit will also apply to certain weekly passes and electronic fare card purchases.

Other Incentives

Canada Benefits - On the Canada Benefits Web site, you can find information about federal, provincial, and territorial benefit programs and services for individuals.

Canada Mortgage and Housing Corporation offers a 10 percent refund on its mortgage loan insurance premium when a borrower buys or builds an energy-efficient home. To qualify for this refund, the home's energy efficiency must be rated using the EnerGuide rating system or be R-2000 certified and meet certain minimum requirements.

Directory of Energy Efficiency and Alternative Energy Programs in Canada – Natural Resources Canada

Federal, Provincial, Territorial and Municipal Incentives and Rebates – Take advantage of grants, rebates, discounts and other incentives available to help you use less energy, switch to renewable energy and produce less waste at home and on the road.

Grants and Incentives - Office of Energy Efficiency, Natural Resources Canada

Certified Installer Credentials