GREAT NEWS!!!

For immediate release.

Home Renovation Tax Credit - Win for Green Industry
In the weeks leading up to the announcement of the 2009 Federal Budget, The Honourable Jim Flaherty, Minister of Finance requested industry consultation. The Canadian Nursery Landscape Association (CNLA) responded in a major way by providing Minister Flaherty with an action plan to stimulate the Canadian economy by investing in green infrastructure. Michael Murray, CNLA President, was very pleased that Minister Flaherty took the recommendation seriously. “This is a great development for Canadian home owners and our industry. We hope this is just the beginning and look forward to this government’s support in the future”, said Mr. Murray.

Canadian homeowners are now eligible for the Home Renovation Tax Credit outlined in the Harper Government’s recent Federal Budget for 2009. Families will be eligible to claim a 15% non-refundable tax credit for eligible expenses made in respect of eligible dwellings. The credit will apply to expenditures in excess of $1,000, but not more than $10,000, resulting in a maximum credit of $1,350 ($9,000 x 15%).

Examples of HRTC Eligible and Ineligible Expenditures:

Eligible
- Renovating a kitchen, bathroom, or basement
- New carpet or hardwood floors
- Building an addition, deck, fence, landscaping or retaining wall
- A new furnace or water heater
- Painting the interior or exterior of a house
- Resurfacing a driveway
- Laying new sod

Ineligible
- Furniture and appliances (refrigerator, stove, couch)
- Purchase of tools
- Carpet cleaning
- Maintenance contracts (furnace cleaning, snow removal, lawn care, pool cleaning, etc.)

CNLA is national federation of nine green industry associations representing over 3,600 companies in the landscape, independent garden centre, and nursery sectors. CNLA’s members are thrilled with the Home Renovation Tax credit as they are the growers of trees, shrubs, annuals and perennials; retailers for all garden products and plant material; and professional service providers who will create stunning gardens and landscapes for homeowners across Canada.

The green industry that CNLA represents contributes $14.48 billion to Canada’s economy and employs 132,776 people across the country.