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What percentage of renovations cost qualify for the HRTC?

I am planning some home reno's and want to know what percentage of the reno expenses qualify for the new Home Renovation Tax Credit.

Public Comments

1. The base of the HRTC is 15% of the renovation expense, on expenses up to $10,000. The first $1,000 is a base and does not receive a credit. For example: Renovation Cost $7000 Base amount -$1000 Eligible Expense $6000 HRTC $900 Since the maximum eligible amount is $10,000 the maximum credit you can get is $1350 (15% of $9000)