Sears Announces Home Renovation Tax Credit Installation Time Guarantee for
Heating and Cooling Products

    
         Less than 5 Weeks Remaining in Federal Home Renovation Tax
                          Credit Eligibility Period

               Sears Stands Behind Promise with $500 Gift Card
    

TORONTO, Dec. 29 /CNW/ - Sears Canada Inc. (TSX: SCC) announced today an "Installation Time Guarantee" to qualify for the federal government's Home Renovation Tax Credit (HRTC) program for residential renovations and improvements. No company in the country is more trusted than Sears Canada and Sears is the only national retailer to announce Installation Time Guarantees that ensure qualifying home renovations will be completed in time to meet the eligibility period requirement of the HRTC program.

"With less than five weeks left in the HRTC program, the Sears HRTC Installation Time Guarantee for heating and cooling products will provide assurance to customers that work done on their homes will be completed by Sears in time to comply with the February 1, 2010 deadline," said Dene Rogers, President and Chief Executive Officer, Sears Canada Inc. "For those still considering having a furnace, heat pump or air conditioner installed that qualifies for the HRTC rebate and wishing to get the work done before the qualifying period ends, the Sears Installation Time Guarantee is the answer."

The Installation Time Guarantee applies to purchases made in Sears serviceable locations from Alberta to Newfoundland and Labrador. Homeowners in these regions who call Sears and make their qualifying purchase by Saturday, January 10, 2010 are guaranteed to have their furnace, heat pump or air conditioner installation completed by the deadline. Sears is so confident of its installation time guarantee that it will give customers a $500 gift card for any missed deadline under the program; Sears professional representatives have all the details related to this special gift card offer. Sears offers premium quality brands like Kenmore and Carrier. There are additional savings available for Sears customers to maximize the value of their renovations such as a $900 saving on a Kenmore high-efficiency furnace and central air conditioner and up to $1,775 in government grants and credits.

The federal government's Home Renovation Tax Credit Program is a 15% rebate which applies to eligible home expenditures made after January 27, 2009 and completed before February 1, 2010. This rebate applies to expenses of more than $1,000 up to $10,000 for a maximum credit of $1,350.

To further assist consumers with their home renovation projects, homeowners can affordably finance their renovations with Sears 0% interest, 36 monthly equal billing payment option available during January when purchased on a Sears Card or Sears MasterCard.

Customers wishing to speak to a Sears heating and cooling professional may call 1-800-4-MY-HOME (1-800-469-4663).

Sears Canada is a multi-channel retailer with a network of 196 corporate stores, 195 dealer stores, 38 home improvement showrooms, over 1,800 catalogue merchandise pick-up locations, 108 Sears Travel offices and a nationwide home maintenance, repair, and installation network. The Company also publishes Canada's most extensive general merchandise catalogue and offers shopping online at www.sears.ca.

SOURCE Sears Canada Inc.

For further information: For further information: Media Contact: Vincent Power, Sears Canada Inc., (416) 941-4422, vpower@sears.ca


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