Home Renovation Tax Credit Fuels Renovation Projects in Canada
Majority of Canadians Opting to Pay for Most of Their Renovations With Cash, not Credit
October 21, 2009
Contact Sean Simpson at (416) 572-4474
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Toronto, ON –Among the two thirds (67%) of homeowners who intend to renovate over the next two years, a majority (61%) will make use of the tax credit, according to a new Ipsos Reid poll conducted on behalf RBC. It appears that the home-renovation tax credit has had its intended effect, with one half (47%) of those utilizing the credit claiming that they completed or will complete more renovations than they otherwise might have done without the credit.


