Canada Tax Credits
Filed Under Canada Tax Credits
Given the economic state of the world, the Canadian Government has developed an action plan that stretches throughout a number of programs and departments. But the largest part of this plan involves creating tax credits for Canadian citizens.
The tax credits have begun with the home renovation tax credit. The Canadian Government has set aside $3 billion dollars of stimulus to encourage and support Canadians investments in the value of their homes. The home renovation tax credit is available for home renovations or goods acquired after January 27, 2009 and before February 1, 2010. The tax credit will give Canadians a collective incentive to undergo projects centric to their homes.