Canadian Tire tops up federal Home Renovation Tax Credit with new savings program



    
    Customers to save money on hundreds of eligible home improvement items
    with new 'Small Jobs Big Returns' program
    

    TORONTO, May 7 /CNW/ - Canadian Tire is launching a new savings program
for customers undertaking home improvement and renovation projects this
spring. Whether customers are planning landscaping, painting, electrical or
plumbing projects, Canadian Tire is helping customers to save even more money
on hundreds of eligible home improvement items through a new program called
'Small Jobs Big Returns'.
    From May 9th to June 5th, 2009, customers who buy eligible home
improvement products can receive $25, $75 or $150 back in Canadian Tire Gift
Cards. Specifically, for customers spending $199 or more(*), they will receive a
$25 Gift Card. For purchases of $299(*) or more, customers will get a $75 Gift
Card. For Purchasers of $499(*)or more in products will receive a $150 Gift
Card.
    "Canadian Tire is introducing the 'Small Jobs Big Returns' program so
that customers can save even more money on home improvement products this
spring, even for just small projects," says Duncan Reith, Canadian Tire
Retail. "Whether customers are interested in new faucets, lighting fixtures,
painting at home or doing some landscaping, Canadian Tire's savings program is
a top-up to the federal government's home renovation tax credit and the weekly
savings we're already offering customers through our flyer. The added bonus is
that both smaller and larger purchases are eligible in our program and
customers won't have to wait until tax time next year to reap the rewards,"
adds Reith.

    
    Canadian Tire's 'Small Jobs Big Returns' Savings Program

    ----------------------------------------------------
         Spend                            Gift Card
    ----------------------------------------------------
     $ 199 - $299                            $25
    ----------------------------------------------------
      $299 - $499                            $75
    ----------------------------------------------------
      $499 + over                           $150
    ----------------------------------------------------


    Federal Home Renovation Tax Credit
    Examples of eligible and ineligible expenditures

    Eligible                                  Ineligible
    -------------------------------------------------------------------------
    Renovating kitchens, bathrooms, and       Routine repairs and maintenance
    basements; building an addition, deck,    will not qualify for the
    or fence; new furnaces and water          credit. Nor will the cost of
    heaters; interior and exterior painting;  purchasing furniture,
    driveway resurfacing, and laying new sod  appliances, audio-visual
    are all eligible expenditures.            electronics or construction
                                              equipment.
    -------------------------------------------------------------------------
    For full more information on the federal Home Renovation Tax Credit,
    customers can visit canadiantire.ca or Canada Revenue Agency's website at
    (www.cra-arc.gc.ca).
    

    Canadian Tire Corporation, Limited (TSX: CTC.a, CTC), operates more than
1,200 general merchandise and apparel retail stores and gas stations in an
inter-related network of businesses engaged in retail, financial services and
petroleum. Canadian Tire Retail, Canada's most shopped general merchandise
retailer, with 475 stores operated by dealers across Canada offers a unique
mix of products and services through three specialty categories in which the
organization is the market leader - Automotive, Sports and Leisure, and Home
Products. www.canadiantire.ca offers Canadians the opportunity to research
more than 25,000 products online. PartSource is an automotive parts specialty
chain with 86 stores designed to meet the needs of purchasers of automotive
parts - professional automotive installers and serious do-it-yourselfers.
Canadian Tire Petroleum is one of the country's largest and most productive
independent retailers of gasoline, operating 273 gas bars, 266 convenience
stores and kiosks, and 74 car washes. Mark's Work Wearhouse is one of the
country's leading apparel retailers operating 372 stores in Canada. Under the
Clothes that Work(TM) marketing strategy, Mark's sells apparel and footwear in
work, work-related, casual and active-wear categories, as well as health-care
and business-to-business apparel. www.marks.com offers Canadians the
opportunity to shop for Mark's products online. Canadian Tire Financial
Services has issued over 5 million Canadian Tire MasterCard credit cards and
also markets related financial products and services for retail and petroleum
customers. Canadians can also access Financial Services online at
www.ctfs.com. More than 57,000 Canadians work across Canadian Tire's
organization from coast-to-coast in the enterprise's retail, financial
services, and petroleum businesses.




For further information:

For further information: Lisa Gibson, Canadian Tire, (416) 544-7655

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Canadian Tire Corporation, Limited

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