Wishful thinking - no extension for the Home Renovation Tax Credit

Despite the rumours that the Government of Canada's Home Renovation Tax Credit would be extended into the new year, the Globe and Mail is reporting that the government has said it intends to let the credit expire at the end of January.

Well, there may be hope yet. My guess is that if, for some reason, an election is called in the first few months of the year, we may see the Home Renovation Tax Credit resurface as an election pledge. And with the most recent polls putting the Liberals and the Conservatives tied for voter support, an election may not be out of the question.