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Diane Boyd
Sales Representative, ASA - Accredited Senior Agent - Superior Service Since 1985!



office:905-454-1100
toll free:1-800-756-4112
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Home Renovation Tax Credit
The proposed Home Renovation Tax Credit (HRTC) will provide a temporary 15 per cent income tax credit on eligible home renovation expenditures for work performed, or goods acquired, after January 27, 2009 and before February 1, 2010. The credit may be claimed for the 2009 taxation year on the portion of eligible expenditures exceeding $1,000, but not more than $10,000, and will provide up to $1,350 in tax relief.

For more information on all of the home ownership and housing related stimulus in Budget 2009, go to http://www.budget.gc.ca/2009/plan/bpa5a-eng.asp#Personal or to the Canada Revenue Agency Web site at www.cra-arc.gc.ca and search for "Home Buyers Plan."

What's eligible and what's not for the Home Renovation Tax Credit?
The federal government hopes the Home Renovation Tax Credit (HRTC) will get Canadians spending now to help create jobs in industries typically hurt by an economic downturn. Now through January 31, 2010, homeowners can claim a tax credit for 15 per cent of renovation expenses between $1,000 and $10,000. Here's a sample of what qualifies under the program and what does not.

What is Eligible?

  • 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
  • replacement of windows

What is Ineligible?

  • purchase of furniture and appliances (e.g. refrigerator, stove, and couch)
  • purchase of tools
  • carpet cleaning, maintenance contracts (e.g. furnace cleaning, snow removal, lawn care, and pool cleaning)
  • gardening & supplies
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Buying a home for the first time? Downsizing or Upsizing? Whatever the reason, the buying and selling of a home is a big event in your life. It's an intricate process involving many specialists. One of these specialists is a REALTOR®, whose job it is to make the transfer of property as easy as possible.

Not all licensed or registered Brokers or salespeople are REALTORS®. The term REALTOR® is a trademark identifying real estate licensees in Canada who are members of The Canadian Real Estate Association (CREA). REALTORS® adhere to a strict Code of Ethics and Standards of Business Practice. The code of ethics is a firm set of rules, describing what kind of performance you have a right to expect from a REALTOR®. It's your guarantee of professional conduct and the best in service.

That's why many buyers and sellers turn to a REALTOR®. As a member of their local real estate Board, REALTORS® have their finger on the pulse of the housing market and are in daily contact with buyers potentially interested in your home.

You can trust a REALTOR® to protect your interests and to look after details. And all the while, you're an active partner in the process, working with a REALTOR® every step of the way. So the more you know about buying and selling homes, the better your working relationship with a REALTOR®.

A REALTOR®'s commitment to high standards of professional conduct works to the advantage of buyers and sellers alike.

A REALTOR® is knowledgeable about developments and trends in real estate. A REALTOR® will get you the facts: comparable prices, neighborhood trends, housing market conditions and more.

A REALTOR® is committed to ongoing education to increase competence and effectiveness in real estate trading.


Every REALTOR® has been trained and tested. And REALTORS® are bound by a strict Code of Ethics and Standards of Business Practice that ensure fairness to all parties in a transaction.

A REALTOR®'s pledge is to be honest in disclosing property information and forthright in providing the facts needed to help you make one of the most important decisions of your life.

And remember, only a REALTOR®, a member of The Canadian Real Estate Association, has access to the Multiple Listing Service®, Canada's most powerful real estate marketing system.

So if you are thinking of buying or selling in the Brampton, Caledon, Toronto, Orangeville or Georgetown areas call Diane Boyd first!

"Superior Service Since 1985"