LBmuskoka's picture

LBmuskoka

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A Natural Tax Credit

A recent trip to the garden centre led to this discovery, perennial plants are part of the Government's Home Renovation Tax Credit for this year.  This is a federal programme so for all you gardeners out there, save your receipts!


From the Canadian Nursery Landscape Association

The Canadian Nursery Landscape Association is urging members to promote the Home Renovation Tax Credit (HRTC). The most effective way to determine the items that qualify for the HRTC is using the statement issued by the federal government: "Any improvement or renovation of an enduring nature to dwelling or the land on which the dwelling sits."

CNLA interprets this to mean that the following are considered eligible:

new sod
trees
shrubs
perennials
interlocking driveways
decks
retaining walls
pathways
irrigation and lighting systems
ponds and waterfalls
garden sheds
professional landscape design services
professional landscape contractor services

Listed as not eligible: annuals, lawn and garden maintenance, tree maintenance, snow removal, hanging baskets, containers and planters.

The material purchased must be of an "enduring installation into the land."

Eligible home renovation expenditures for work performed, or goods acquired, are those between Jan. 27, 2009 and Feb. 1, 2010. A 15 per cent credit may be claimed on the portion of eligible expenditures exceeding $1,000, but not more than $10,000, meaning that the maximum tax credit is $1,350. 
 


May want to double check that the CNLA's interpretation is correct, but the source I originally had was from a bank manager - and for me, I don't really care because it is a great excuse to buy plants.

As was pointed out to me, apparently the Federal Government has a different calculator than me, since 15% of 10,000 doesn't equal $1,350?????

 

Enjoy!

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GordW's picture

GordW

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Because the credit is on expenses over $1000 the credit is only on the last $9000 apparently (15% of 9000 is 1350)

LBmuskoka's picture

LBmuskoka

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Gord, you are a genius - at least at understanding the convolutions of the Federal Government. 

 

LB - why didn't I think of that

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