In praise of the former Home Renovation Tax Credit
"This would allow for an even playing field when estimating a job," writes contractor John Stefanis.
By Steve Payne
John Stefanis sent us this post about how Ottawa’s (now discontinued) Home Renovation Tax Credit helped to cut down on the underground economy in our industry.
“Perhaps CRA should (again) consider allowing homeowners to write off a percentage of home renovations and service work? Something like the ”Home Renovation Tax Credit.” This would allow for an even playing field when estimating the job.
I am constantly being asked to match prices submitted by “non-compliant ” companies who ask for a cash payment to avoid HST. With the new (Ontario) WSIB charges and HST percentage I submit, it becomes clear that the cards are stacked against the legitimate contractor.”
- This plumber I once worked with used to brag that he was arrested for drinking and driving and as a result required a chaperone to drive him to calls for a year or so.
- "Sometimes government incentives – like the former Eco Energy program – are better than the often-argued push to simply reduce all of our taxes…