Revenue Canada isn’t exactly advertising it widely, but the Home Renovation Tax Credit can be claimed against landscaping expenses. The catch? The 15 per cent credit may only be claimed on costs over $1,000 and it is limited to a maximum of $10,000. Since Rev Can’s offer ends 10 February next year, it effectively limits landscaping to the present season over most of the country. Still, 15 per cent could equal as much as $1,500, making for good reason to upgrade the home surroundings.
It is simple too. Just claim the amount on the next income tax return. Although you should retain all receipts in case of questions by Revenue Canada, you are not required to submit them with your return.
According to Landscape Ontario, the horticultural industry’s professional body ( [url=http://www.landscapeontario.com]http://www.landscapeontario.com[/url]), many of the most popular projects are covered, including:
New sod
Trees
Shrubs
Perennials
Interlocking driveways
Decks
Retaining walls
Pathways
Irrigation and lighting systems
Ponds and waterfalls
Garden sheds
Professional landscape design services
Professional landscape contractor services
Should you choose to pay for a professional design, such as many garden centres offer, their fees may be claimed. However, should you undertake to complete the installation yourself, your own labour is not covered. Neither is yard cleanups, annuals, containers, or tree services. For further information, visit the Revenue Canada site at [url=http://www.cra-arc.gc.ca]http://www.cra-arc.gc.ca[/url]
Wes Porter is a horticultural consultant and writer based in Toronto. Wes has over 40 years of experience in both temperate and tropical horticulture from three continents.
