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Canada PM to bring back home renovation tax credit

Published Wed, Aug 5, 2015 · 09:50 PM
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Ottawa

CANADIAN Prime Minister Stephen Harper, seeking re-election in October, is bringing back a slimmed-down version of a popular tax credit on home renovations.

The permanent, 15 per cent annual credit would apply to renovations between C$1,000 and C$5,000, for a total cost of C$1.5 billion (S$1.58 billion), Mr Harper said on Tuesday in Toronto, though he did not say when it would t…

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