Comments on: Kiss The Home Renovation Tax Credit Good Bye

By: Tax Guy

Tax Guy — Sat, 02 Jan 2010 15:49:26 +0000

@Hannah – See the following link. The HRTC has received Royal Assent and is now law.
http://www.fin.gc.ca/n08/09-116-eng.asp

By: Tax Guy

Tax Guy — Thu, 31 Dec 2009 20:59:43 +0000

@ Hannah – The bill was introduced and the CRA will act as if is law. I had confirmation from the Liberals that they would re-introduce the HRTC is the government falls.

By: Hannah

Hannah — Thu, 31 Dec 2009 15:38:16 +0000

Was the HRTC bill ever passed ? Today is Dec. 31, and there is talk that all unpassed bills will die if the Parliament is prorogued. Can you tell us what happened to the HRTC?

By: Tax Guy

Tax Guy — Wed, 16 Sep 2009 01:28:23 +0000

@ M in MB:

I received confirmation from the Liberals that they would introduce the HRTC if elected.

The issueseems moot as the NDP and Block will support the govenrment Friday when introduces the HRTC.

By: M in MB

M in MB — Wed, 16 Sep 2009 00:19:47 +0000

We most definitely were influenced by all the government ads/store promos regarding the HRTC. We spent the full claimable amount ++. To top it off, I have been operating on the assumption that the $1350 would be in my pocket come next tax time. Even though it is definitely labeled a credit, I was thinking rebate. So that puts us up the creek without a paddle, we had plans for that extra cash. I’m sure our story is mirrored by many other Canadian families.

And why wasn’t this passed long ago? I was looking at the Action Plan website and some 4-5 million Canadians would benefit from the HRTC. Interesting how the Cons now are saying the Libs are trying to take this away from the people, even though they haven’t taken the steps to get it passed. What are they waiting for?

Personally, the Cons won’t buy my vote for ‘$1350′ (but maybe that will work for the other 4 million) and I just don’t have confidence in the Libs either. What options does that leave for a disappointed voter? NDP or Green?

By: RR Top 5: Back to School Edition | Realizing Retirement

RR Top 5: Back to School Edition | Realizing Retirement — Fri, 04 Sep 2009 12:48:14 +0000

[...] Guy warns, “Kiss the Home Renovation Tax Credit Goodbye“, however the Liberals say they’ll support it no matter what happens [...]

By: Tax Guy

Tax Guy — Fri, 04 Sep 2009 12:42:25 +0000

@ Erick:

These measures were in draft form, which means the government changed the existing law and presented it to parliament. The CRA administratively can enforce draft legislation to the accelerated depreciation still stands.

The HRTC was only talked about and there was no draft law presented to parliament. The CRA can’t administer something that has no draft!

So the accelerated depreciation would stand but the HRTC would not.

By: Tax Guy

Tax Guy — Fri, 04 Sep 2009 12:13:19 +0000

@ WJ:

I’m not sure if we could squarely point this at Harper. They announced the HRTC during the budget and had to act quickly. Thre was not enough time to prepare legislation.

By: wj holtom

wj holtom — Thu, 03 Sep 2009 23:38:59 +0000

Just like Harper; confidence votes on everthing. Mean spirited.
Set up a kiss of death for the opposition on a nonconfidence vote.
I do not want my children influenced by this man.

By: Erick

Erick — Thu, 03 Sep 2009 19:19:06 +0000

I guess this would also apply to the accelerated depreciation for computer equipment and systems software:

http://www.budget.gc.ca/2009/plan/bpa5a-eng.asp