Tax break proposed if your house or cottage needs big renovations

A home renovation tax credit of up to $1,350 is proposed in the 2009 federal budget.

It’s one of the economic stimulus tax breaks the Conservative announced Mon., Jan. 27 in its budget. It’s a  proposed in the 2009.

The  15-per-cent non-refundable tax credit for work costing between $1,000 and $10,000 on a dwelling, to a maximum of $1,350. Here’s the details of the plan from the finance ministry’s web site

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