Poll results: Home Renovation Tax Credit

A whopping three-quarters of Yourhomers took advantage of the Home Renovation Tax Credit before it expired on Feb. 1. The remaining 25 per cent said they didn't jump on renovation projects before the deadline - but many of these voters may be renters who, sadly, didn't qualify for the credit.

Now, the new race is on to complete major projects before July 1, when the HST kicks in. Read the full story.

This week's poll is a little bit more fun - I want to know who you'd bet on in an arm-wrestling match between TV personalities Ty Pennington and Mike Holmes!

Pennington says he thinks he'd win because he's got a lot of strength in his tendons - read the full story, then Cast your vote in the front-page poll.

And, if you need some non-Olympics related reading (though, please do check out the amazing Podium blog), here are a few highlights for this long weekend:

- A romance story with a real estate twist

- Colin and Justin do a budget kitchen makeover

- Glen Peloso shares his eco-decorating tips

- Learn about the Dream Home - and how its modular make-up could spur a new way of constructing homes

Comments

[built on your lot homes]

Generally, there are three ways a home improvement might benefit you financially come tax time. You may be eligible for some sort of income tax relief if: It’s also important to remember that there are different ways to increase your income tax refund with home improvement projects. In some cases you may be eligible for a tax deduction and in other cases you may be eligible for a tax credit. The difference could be substantial. They can take care of the math and some of the tax software programs will even look at a couple different scenarios and pick out the one that is most beneficial to you. Thanks for sharing.