Ottawa, December 16, 2009

Archived - Government of Canada Implements the Home Renovation Tax Credit and Other Outstanding Measures

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The Honourable Jim Flaherty, Minister of Finance, today announced that Bill C-51, which implements the Home Renovation Tax Credit as well as other measures, several of which are outstanding from Budget 2009, received Royal Assent.

“These measures will provide some welcome relief for hard-working Canadians,” said Minister Flaherty. “Many homeowners have already taken advantage of the Home Renovation Tax Credit to improve and invest in the long-term value of their homes. The passage of this bill means that they can enjoy the holidays secure in the knowledge that they will receive the tax credit come income tax time.”

In addition, the bill:

“It is also important to ensure that those who are in need and those who are receiving pensions are well taken care of, which is why I am also pleased with the changes we have made to the Canada Pension Plan and the Working Income Tax Benefit,” added Minister Flaherty. “And hard-working farmers will certainly benefit from the extension of the tax deferral to flood regions.”

More information on these and other measures can be obtained by visiting the Department of Finance website or by phoning 1-800-O-Canada (1-800-622-6232) or 1‑800-926-9105 (TTY for the speech and hearing impaired/deaf).

For further information, media may contact:

Annette Robertson
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

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