Home renovation tax credit: Do you want it to continue?
- January 27, 2011 11:26 AM |
- By POV
More than three million Canadians took advantage of the Home Renovation Tax Credit (HRTC), according to a statement posted on the Revenue Canada website.
Finance Minister Jim Flaherty introduced the one-year tax credit in 2009 as a means of stimulating the economy by encouraging Canadians to spend money on their homes.
In a statement issued today, the Harper government is calling the tax relief initiative a success for pumping $4.3 billion into the Canadian economy. Canadians who took advantage of the HRTC also saved $700 on average.
-With files from The Canadian Press
Did you take advantage of the HRTC to make home renovations? Share your stories in our comments below.
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