2009 Federal Budget – Home Renovation Tax Credit (HRTC)

2009 Canadian Federal Budget delivered January 27, 2009 has delivered tax savings for residential home contruction industry and first time buyers. Home Renovation Tax Credit (HRTC) save up to $1,350, first time home buyers tax credit to a maximum of $750 and finally increases to the Home buyers’ Plan for RRSP being used as a down payment on a home.