THE HOME RENOVATION TAX CREDIT
The Federal Government announced in the last budget a tax credit of up to $1350 for homeowners. The credit is for work done to owner occupied homes or condominiums between January 27/09 and February 1/10 to a maximum of $10,000 for a tax credit of 15% after a $1000 deductible.
For more information go to: www.cra-arc.gc.ca/gncy/bdgt/2009/fqhmrnvtn-eng.html
GOVERNMENT GRANTS AND REBATES
Both the Provincial and Federal Governments are also offering grants and rebates to homeowners for eligible renovations. To qualify for ecoENERGY incentives you must get a home energy assessment before and after your upgrades. You can apply for federal ecoENERGY grants once per house. This provides an opportunity to complete as many upgrades as possible within an 18 month eligibility period. You will receive grants for improvements started after your first assessment. All improvements or renovations must meet local codes and by-laws. We recommend you document your renovations with receipts, photos and product literature to be sure you get full credit for all improvements. You can get up to $5,000 in home improvement grants through the Canadian government’s ecoENERGY Retrofit - Homes program.
Ontario Home Energy rebates — Double your money with matching rebates from the Ontario government. Ontario’s Home Energy Audit program matches dollar for dollar up to $5,000 from the Canadian government — for a total of up to $10,000.
- Furnaces: high-efficiency gas or oil, up to $1,000
- Central Air Conditioners: replacement $400
- Hot Water Heaters: condensing gas or propane $600, tankless $500
- Boilers: high-efficiency gas or oil $1,200
- HRV: heat recovery ventilator $600
- Solar: hot water system $1,000
- Heatpumps: air-source heat pump which doubles as air conditioner $800
- Geothermal: ground- or water-source heat pumps which are energy-efficient heating and cooling systems up to $7,000
- Insulation: attic or roof up to $1,200, exterior wall up to $3000, basement up to $3600
- Air Sealing: for your home up to $600
- Windows & Doors: $60 for each replacement unit
- Toilets: $100 for each replacement unit
Take the first step now by calling HSA at 905-827-6608 or e-mail us at 
for an appointment for the ecoENERGY audit.
