1 in 3 Canadians plans to use federal renovation tax credit:
More than one in three Canadians plan to take advantage of the federal government's home-renovation tax credit, suggests a poll released Friday.
More than eight in 10 of those questioned in The Canadian Press-Harris Decima survey said they were aware of the program, under which eligible applicants can receive a tax rebate of as much as $1,350 if they invest up to $10,000 in renovations on their home.
"Unlike many new tax policies which only get noticed by accountants and actuaries, the government of Canada has successfully communicated the introduction of the home renovation tax credit to Canadians," said Harris Decima's senior vice-president, Jeff Walker.
"This program appears to be helping stimulate the economy as well."
Nationally, 82 per cent of respondents were aware of the home-renovation tax credit, while 17 per cent said they were unaware. Those under age 35 and those with annual incomes below $60,000 were least likely to know of the tax credit.
Overall, 35 per cent of respondents said they planned
to take advantage of the program, while 60 per cent said they would not.
Respondents west of Ontario were the most likely to be taking advantage of it.
Just over 1,000 Canadians were surve
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