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Ottawa, Ontario ... Rona Ambrose, Minister of Labour, and
Christian Paradis, Minister of Public Works and Government
Services today encouraged Canadians to take advantage of the
Home Renovation Tax Credit (HRTC). Minister Ambrose and Minister
Paradis spoke today at separate events on behalf of the
Honourable Jean-Pierre Blackburn, Minister of National Revenue
and Minister of State (Agriculture and Agri-Food).
"A key component of Canada's Economic Action Plan (EAP), the
HRTC provides powerful incentives for Canadians to invest in
their homes, supporting employment in the construction and
home-building industry, while realizing a significant tax
savings of up to $1,350," said Minister Ambrose in Edmonton,
Alberta at a Home Depot outlet. "Our Government strongly
encourages all Canadians to take advantage of this opportunity
over the next three weeks."
Canadians undertaking eligible renovations to their homes before
February 1 will receive up to $1,350 in tax relief from the
temporary HRTC. Approximately 4.6 million families in Canada are
expected to take advantage of the credit, supporting jobs in the
housing industry.
"Canadians are clamouring for information about the HRTC. The
Canada Revenue Agency has had approximately 3.5 million
enquiries and website visits related to the HRTC alone," said
Minister Paradis in Gatineau, Québec at a Rona outlet. "The
interest in the credit, with the tax relief it provides, shows
its positive impact on renovation activity, which promotes job
creation in construction and trades."
In the face of the deepest worldwide recession since the Second
World War, the Government introduced the EAP, including one of
the most comprehensive stimulus packages in the industrialized
world. The Government's priority will be rapid and effective
implementation of Phase II of the EAP, which includes restoring
a balanced budget once the economy is fully recovered and
building a strong foundation for our economic future.
For more information about the Home Renovation Tax Credit and
how to claim it, go to
actionplan.gc.ca
or www.cra.gc.ca/hrtc,
or call 1-877-959-1-CRA (in French 1-888-959-1-ARC).
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