Don't procrastinate. Renovate! $ave now!

It's time to $ave! Get started now to take advantage of the Government of Canada's Home Renovation Tax Credit. Tighten up your tool belt and bring in your blueprints, let's get started on your dream or project today.

HRTC Tax Rebates: eligible  for up to $1,350

• Renovating a kitchen, bathroom, or basement
• New carpet or hardwood floors
• Building an addition, deck, fence or retaining wall
• A new furnace or water heater
• Painting the interior or exterior of a house
• Resurfacing a driveway 
• Laying new sod
• and lot's more...

Tax Credits:  ineligible

• Furniture and appliances (refrigerator, stove, couch)
• Purchase of tools
• Carpet cleaning
• Maintenance contracts (furnace cleaning, snow removal, lawn care, pool cleaning, etc.)

$AVINGS EXAMPLE #1: 
Sally and Ed are a couple who have recently purchased a house. In response to the HRTC, they decide to replace their old windows and improve the insulation in their home in 2009 instead of waiting, incurring $10,000 in expenditures. After taking into account the $1,000 minimum threshold, a 15-per-cent credit will be available on $9,000 in eligible expenditures, providing tax relief of $1,350.

$AVINGS EXAMPLE #2: 
William and Marie are a couple who are planning to purchase a more energy-efficient furnace for their home, and build a deck at their cottage sometime later. To take full advantage of HRTC, they decide to do both projects in 2009 rather than waiting. They pay $5,000 for the furnace and $3,500 for the deck. They also decide to have the area around the deck landscaped for $2,500, bringing their total costs to $11,000 ($5,000 + $3,500 + $2,500). Marie claims a credit of $1,350 on the maximum allowable amount of $9,000.

$AVINGS EXAMPLE #3: 
Karen and Heather are sisters who share ownership of a condominium unit. They each incur $7,500 in expenditures renovating the kitchen in the condo. Karen and Heather each claim a $975 credit on eligible expenditures of $6,500 ($7,500 - $1,000).

Get more information from the Canada Revenue Agency website. Department of Finance Canada, Distribution Centre Room P-135, West Tower, 300 Laurier Avenue West, Ottawa, Ontario K1A 0G5  Phone: 613-995-2855   Fax: 613-996-0518. Service Canada  1-800 O-Canada (1-800-622-6232) 1-800-926-9105 (TTY) 

Check out many other Environment Canada Tax Incentives and Rebates available in your area. 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.

Or, simply contact Lumberworld Operations Ltd.