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How to Profit from the Home Renovation Tax Credit

In this article you will learn what the new Home Renovation Tax Credit (HRTC) is, and how to get it. You'll also learn how to combine the HRTC with two other government grant programs to get up to $11,350 in government grants and tax credits.

Province/Territory: National

Rebate Amount: Tax credit up to $1,350

Description: Get a tax credit up to $1,350 when you renovate your home between January 27, 2009 and February 1, 2010.

Steps to Get This Rebate:

  1. When doing your renovations, make sure to keep all receipts, invoices, and agreements. These should include include a description of the goods and services purchased, date of purchase, how much you paid, who the contractor/vendor is, and proof of payment
  2. Claim the amount of your renovation on your 2009 tax form. There will be a new line added for this claim on the 2009 tax form

When the Rebate Ends:

February 1, 2010

For More Information:

Government of Canada's Budget website

Other Government Rebates to Bundle with the Home Renovation Tax Credit:

  • The Government of Canada's ecoEnergy Home Retrofit grant gives up to $5,000 in grants for homeowners who make their homes more energy efficient.
  • Several provinces (notably Ontario and Saskatchewan) will match the $5,000 ecoEnergy Home Retrofit grant
Apply for these two government grants, combine them with the Home Renovation Tax Credit, and get up to $11,350 in government grants and tax credits!

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8 Reviews for “How to Profit from the Home Renovation Tax Credit”

  1. jason splane Says:
    February 18th, 2009 at 8:11 pm

    Thanks, this is really going to help me out. I’m buying another house that needs reno’s.

  2. Show Me The Green « miltonblog.ca and miltonblog.com Says:
    June 23rd, 2009 at 5:34 am

    [...] How to Profit from the Home Renovation Tax Credit [...]

  3. IVAN EBERGENYI Says:
    September 10th, 2009 at 11:36 am

    ACTUALLY, A QUESTION: WE’RE GETTING READY TO INTEGRATE INTO CITY SEWER SYSTEM (BRAMPTON, ON) AND WILL HAVE TO INVEST IN THAT PART THAT GOES FROM STREET FRONT TO THE SEPTIC TANK OR HOME. ARE THERE TAX CREDITS OR CASH REBATES FOR THESE COSTS? THANKS. IVAN

  4. walter stevenson Says:
    October 9th, 2009 at 4:56 pm

    I would like to buy and install insulation in my attic in a 1.5 storey house. How will I go about getting a tax credit plus approx. how many $ does the grant pay?

  5. Daisy Kurp Says:
    January 27th, 2010 at 12:00 am

    1. In October 2009, I had a sumpump installed in my basement to take away the water that
    was coming up from under the foundation. The cost for pump and installation was $1250.00

    There is lead in the water pipes (advised by the City of Guelph in June, 2009 – and I have to
    have the pipe running from city line into my house (approx. 15 feet) replaced.

    Do either of these items qualify for tax rebates or assistance.?

  6. Daisy Kurp Says:
    January 27th, 2010 at 12:01 am

    1. In October 2009, I had a sumpump installed in my basement to take away the water that
    was coming up from under the foundation. The cost for pump and installation was $1250.00

    2. There is lead in the water pipes (advised by the City of Guelph in June, 2009 – and I have to
    have the pipe running from city line into my house (approx. 15 feet) replaced.

    Do either of these items qualify for tax rebates or assistance.?

  7. Daisy Kurp Says:
    January 27th, 2010 at 12:15 am

    1. In October 2009, I had a sumpump installed in my basement to take away the water that
    was coming up from under the foundation. The cost for pump and installation was $1250.00
    and also have to replace the water pipe from my house out to the city line because there is
    lead in the water pipes.

    Do either of these items qualify for tax rebates or assistance.?

  8. Daisy Kurp Says:
    January 27th, 2010 at 12:23 am

    1. In October 2009, I had a sumpump installed in my basement to take away the water that
    was coming up from under the foundation. The cost for pump and installation was $1250.00
    I also have to replace the water pipe from my house out to the city line because there is
    lead in the water pipes.Do either of these items qualify for tax rebates or assistance?

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