Once you are approved, you can be eligible to receive up to a $1,350 tax credit. You must at least spent $1,001 in renovations to get a portion of the credit and $10,000 to get the maximum tax credit of $1,350.
Here are few examples of eligible renovations that would qualify under the HRTC:
- Renovations of the kitchen, bathroom, and basement;
- New carpeting and hardwood flooring;
- Building an addition to your home, a deck, a fence;
- Painting the interior and/or exterior of your home;
- Resurfacing the driveway;
- Laying new sod.
More info on the HRTC can be found here.