SUBJECT: Home Renovation Tax Credit (HRTC)

OTICE TO ALL STRATA OWNERS




DATE: February 20, 2010

FROM: Strata Council

SUBJECT: Home Renovation Tax Credit (HRTC)


Please be advised that, strata owners may be entitled to claim a credit on their 2009 personal tax returns where they have undertaken eligible renovations or alterations to their primary residence contracted after January 27th, 2009, and completed prior to February 1st, 2010.


In addition to the above, strata owners may also be entitled to claim their proportional share of renovations completed and paid for by the Strata Corporation, based on their unit entitlement.


The Wynford Group had offered to prepare a review of such expenses and compilation of documentation for a fee. We are fortunate to have Ming Chen, CGA, and a fully qualified accountant to carry out such for us at no cost.


At present, Ming is in the process of reviewing and determining eligible expenses. At the completion of such process (at end of February 2010), all owners will be notified. If there are eligible expenses, documentation will be compiled and provided to its Owners. Please plan the preparation of your 2009 Tax return accordingly.


For additional information on the HRTC, please refer to the Canada Revenue Agency website at