REBATES
You want a more energy-efficient home, and the government wants to help you get it. Take advantage of the federal and provincial rebate programs. This is your way to save money, conserve energy, and help the environment.
The Home Renovation Tax Credit
The recently announced budget features a very useful tax credit
for homeowners, The Home Renovation Tax Credit (HRTC). Canadian homeowners can claim a 15 percent, non-refundable tax credit for eligible expenditures
of more than $1,000, but not more than $10,000 - for a maximum credit of $1,350 ($9000 x 15%). The HRTC will apply to eligible home renovation expenditures for work performed, or goods
acquired, after January 27, 2009 and before February 1, 2010, pursuant to agreements entered
into after January 27, 2009.
Eligible
- Renovating a kitchen, bathroom or
- basement
- New carpet or hardwood floors
- Building and addition, deck, fence or
retaining wall
- A new furnace or water heater
- Laying new sod
- Labour costs;
- Professional fees;
- Building materials;
- Fixtures;
- Equipment rentals; and
- Permits
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Ineligible
- Furniture and appliances (refrigerator,
stove, couch)
- Purchase of tools;
- Carpet cleaning; and
- Maintenance contracts (furnace
cleaning, snow removal, lawn care, pool
cleaning etc.)
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Download our HRTC information summary for more details.*
*THE INFORMATION CONTAINED IN THIS SUMMARY HAS BEEN OBTAINED FROM THE BUDGET DOCUMENTS PUBLISHED
BY THE FEDERAL GOVERNMENT AND IS BEING PROVIDED FOR THE CONVENIENCE OF OUR CUSTOMERS. THE
FOLLOWING SETS OUT OUR UNDERSTANDING OF THE HRTC AND IS NOT MEANT TO BE RELIED ON OR TAKEN AS TAX
OR LEGAL ADVICE. TO ENSURE THE ACCURACY OF THIS INFORMATION AND ITS APPLICATION TO YOU, PLEASE
REVIEW THE DOCUMENTATION PUBLISHED BY THE GOVERNMENT AND, IF YOU REQUIRE FURTHER INFORMATION,
PLEASE OBTAIN FROM YOUR OWN FINANCIAL ADVISORS. ADDITIONALLY, ALL INFORMATION INCLUDED IS SUBJECT TO
ANY CHANGES THAT MAY BE MADE BY THE GOVERNMENT.
Federal and Ontario Grants
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Energy Star High Efficiency Furnace
(94% AFUE or up with DC motor, when installing condensing FNC for the first time)
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$1580.00
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Energy Star High Efficiency Furnace
(94% AFUE or better with DC motor)
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$1300.00
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Energy Star High Efficiency Furnace
(92% AFUE or better with DC motor)
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$1250.00
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Upgrading Air Conditioner
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$500.00
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Tankless Water Heater
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$630.00
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Ontario Power Authority Rebates (Cool/Hot Savings)
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Energy Star High Efficiency Furnace
(92% AFUE or better with DC motor)
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$125.00
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Upgrading Air Conditioner
(Energy Star Qualified, 14.5 SEER)
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$250.00
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Upgrading Air Conditioner
(Energy Star Qualified, 15 SEER or better)
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$400.00
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Programmable Thermostat
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$25.00
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Total Rebate for Package
(High furnace with DC motor & A/C 15 SEER or better)
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$525.00
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Enbridge Gas
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High Efficiency Furnace
(92% AFUE or better)
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$100.00
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Programmable Thermostat
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$15.00
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