|
Newsletters
>
Home Renovation Tax Credit
July 10, 2025
Clearing trees and brush from a cottage
lot
CRA provides Views that aren't accessibly
without payment to a service like Carswell or
CCH.
Please note that the following document,
although believed to be correct at the time of issue,
may not represent the current position of the
CRA.
Prenez note que ce document, bien
qu'exact au moment émis, peut ne pas représenter la
position actuelle de l'ARC.
PRINCIPAL
ISSUES: Does the cost of clearing trees and brush from a
cottage lot qualify for the home renovation tax credit
(HRTC)?
POSITION: On its own, the clearing of
trees would not qualify for the HRTC. However, if the
clearing relates to a renovation project of an enduring
nature that is integral to the dwelling, the costs of
clearing the lot will qualify for the
HRTC.
REASONS: Based on the 2009 budget
documents, the renovation must pertain to land which
forms part of a principal residence, and relates to a
renovation project which is of an enduring nature and is
integral to the eligible dwelling.
June 29,
2025
There's also an opinion below that with
more explanation. If this is something you were
considering, you might want the whole document. Email me
to request a copy or if you already subscribe, CRA Views
2009-0319351M4 has more information (approx 3 pages)
Disclaimer:
Eileen Reppenhagen CGA does
not research or endorse any
product or service appearing in ads
posted on this site.
Please
do NOT rely on or use the
information on this website as a
basis for a course of action without
obtaining appropriate professional
advice
.
Disclaimer: All
Apple®, Windows Mobile®, and
Android® trademarks remain
the property of their
respective holders, and are
used only to describe the
products being provided by
The App Code. Any usage of
the above-mentioned marks
anywhere on The App Code
website in no way indicates
any relationship,
endorsement, or affiliation
with the holders of said
trademarks.
All Intuit®, QuickBooks®
Software,Quicken® Software and Profile®
Software trademarks remain the property
of their respective holders, and are
used only to describe the products
discussed on this website.. Any usage of
the above-mentioned marks anywhere in
this website in no way indicates any
relationship, endorsement, or
affiliation with the holders of said
trademarks other than specifically
stated, for example, Certified
QuickBooks ProAdvisor.
|
|
|