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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

Category Education, History, Lifestyle & Leisure
Location Canada


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For more information, contact:
Sean Simpson at (416) 572-4474

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.