A new line and schedule will be included in your personal income tax return to allow you to calculate and claim the HRTC.

Click here to download worksheet for calculating your home renovation expense. (This worksheet is S12 and should be included on the forms page)

Do not include your receipts and/or documents supporting your claim. Keep them in case asked to see them (or you are audited).

Documentation, such as agreements, invoices, and receipts, must clearly identify the type and quantity of goods purchased or services provided, including, but not limited to, the following information:

• Information that clearly identifies the vendor/contractor, their business address and, if applicable, the GST/HST registration number;
• A description of the goods and the date when the goods were purchased;
• The date when the goods were delivered (keep your delivery slip as proof) and/or when the work or services were performed;
• A description of the work performed including the address where the work was performed;
• The amount of the invoice; and
• Proof of payment.

Receipts or invoices must indicate paid or be accompanied by other proof of payment, such as a credit card slip or cancelled cheque.

The HRTC is not reduced by other government tax credits, grants, or incentives that you may be entitled to.

Where an eligible expense qualifies for the METC, you can claim both the METC and the HRTC for that expenditure.

The ecoEnergy Retrofit - Homes grant applies to host of measures that reduce energy consumption and provide for a cleaner environment. Home and property owners could be eligible for federal grants of up to $5,000 to offset the cost of making energy efficiency improvements to their home or property. Most provinces and territories have complementary programs that offer additional financial assistance (Ontario will match to a maximum of $5000) based on the results of the ecoEnergy Retrofit evaluation.

Source: www.cra-arc.gc.ca
Disclaimer - the above is provided in good faith and is accurate as of July 15, 2009.
Please check with the above noted website for any changes or updates. You are responsible for ensuring you meet Canadian tax laws.