Reno Tax Credit
May 15th, 2009
Question: What do I have to keep/show for Home Renovation Credit for my taxes?
I’m reno-ing a basement and know that this qualifies for the Home Renovation Tax Credit. I’m jsut wondering what do I have to keep so that I’m not scrambling next tax season. Thanks in advance
Answer: Other than keeping all your receipts for your renovations, make sure that the people that are doing work for you, have a GST number or their work won’t qualify for your tax credit. The auditors will really look at all the expenses, so make sure you have qualified people.
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