Federal budget recognizes value of green industry services
Posted on Wednesday, February 4th, 2009 at 2:08 pm by Bert Minor
That was the heading of an email I received from our industry association–Landscape Ontario.
It’s long been known that the Harper government was working on a stimulus package for the economy. What wasn’t known until the budget was announced recently was what would be included in the package. Home renovations was widely rumored, but that’s a pretty broad field. How much of a rebate would be offered was also not clear.
Well the wait is over and we now know that the Home Renovation Tax Credit (HRTC) includes tax incentives for work outside as well as inside your home.
Here’s a short list of what’s eligible:
- Building an addition, deck, fence or retaining wall
- Painting the interior or exterior of a house
- Resurfacing a driveway
- Laying new sod
The Home Renovation Tax Credit means families can claim a 15% tax credit on work performed after January 27,2009 and before February 1st, 2010. The tax credit applies for purchases over $1000.00 and less than $10,000.00. In other words a $1350.00 maximum tax refund on work exceeding ten thousand. The refund is a tax credit to be submitted with your income taxes.
This is good news for those of you looking to have work done this year. It’s also great news for those of you whose projects got bumped last fall.
For more information visit department of finance website.
Tags: HRTC rebate, interlocking stone ottawa, landscape design, ottawa landscapers, poolscapes rebate