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Canada Conservatives pledge to bring back home renovation credit

Published 2015-08-04, 10:51 a/m
© Reuters.  Canada Conservatives pledge to bring back home renovation credit

OTTAWA, Aug 4 (Reuters) - Canadian Prime Minister Stephen
Harper pledged on Tuesday that if he is reelected in October he
would bring back a home renovation tax credit that proved
popular in 2009 in combating an economic downturn.
About one in three households had taken advantage of the
temporary credit, saving on average more than C$700 ($535) each,
a Conservative statement said.
The government will make a permanent tax credit for annual
home renovation expenses between C$1,000 and C$5,000.
The Canadian election is Oct 19.
($1=$1.31 Canadian)

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