Surprise Tax Credit For Homeowners

The landscaping process and cost should be an easier choice to make for Canadian homeowners residing in such places as Edmonton Alberta. With the current tax credit that has been running since April 24th 2014 to July 1st 2015 (official communication yet to be published concerning credit for renovations done after the end date), it absolutely makes sense to invest in improving your home by hiring the services of a professional landscaping designer such as HML Landscape Construction & Maintenance. It is important to note that the tax credit only applies only when one seeks the services of a qualified professional to do the job.

Some of the services covered by the tax credit, and which are covered by the general landscaping services offered by HML Landscape Construction & Maintenance include:

  • professionally done landscaping designs
  • professionally done contractinglandscaping_tax_credit_alberta
  • shrubs
  • perennials
  • interlocking driveways
  • decks
  • retaining walls
  • pathways
  • irrigation and lighting systems
  • ponds, waterfalls
  • garden sheds

The tax is approximately 20% of the total expenses used that is in excess of $3000, but only goes to a maximum of $2,500.

In order to be eligible for the credit in Edmonton, it is required that the renovations extend to the general living space of the house outwards to the exteriors of its roofing and sides. Houses whose landscaping designer put much effort into being environmentally friendly are encouraged.

To access the credit you will need to fill out forms together with the income tax statements, a form for such will be provided then. The professional landscaping designer who did the eco-friendly job will also need to show that they used the set standards in terms of materials used and machines, as outlined by the tax credit. They will then sign a compliance certificate which will be transferred to the home owner.

It is vital to note that anyone who might have done such renovations in the year 2014 and 2015 and has not filed for the credit yet, can still access it by filing an application through the same process.

This tax credit is tailored to encourage people to improve their homes, make expansions and adapt to different needs of different members of the family. The date of the initial construction of the Edmonton building must be not later than January 1st 2014. It is also expected that the house be a single family home, an apartment divided due to co-ownership, a housing duplex, or a previously mobile house that has been lastingly stationed at a place. Other parts not accessory to the main house, say balconies or the pool, are not considered worthy entrants as residences.

| July 6th, 2015 | Posted in Tax Tips |

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