Sears Offers New HST Installation Guarantee to Help Homeowners Save Tax On
Home Improvements

Featuring New Financing Option 'Take 5 Years to Pay'

TORONTO, June 2 /CNW/ - The new HST Installation Guarantee from Sears Canada Inc. (TSX:SCC) makes it simple for Ontario and British Columbia homeowners to avoid higher sales tax on all installed home improvements that become effective with the implementation of the Harmonized Sales Tax (HST) on July 1, 2010. If Sears customers book a free in-home estimate by Father's Day, June 20, 2010, Sears will guarantee that the work will be done by the July 1st HST deadline or Sears will give customers a gift card for the difference that would be paid once the HST rate is in effect. Customers can choose from a wide range of product installations such as custom windows, doors, furnaces, central air conditioners, roofing and flooring.

"Sears HST Installation Guarantee aims to ease the pressure homeowners feel with respect to renovating before the HST rate is in place," said Scott Nicholson, Vice-President, Home Installed Products and Services. "Sears Canada is a trusted name in home improvement installation and our guarantee ensures customers can move ahead with their home installation plans with confidence and tax savings."

To make home installation more affordable, Sears is making available a new financing option where customers who charge their purchase to their Sears Card or Sears MasterCard can take five years to pay. The longer financing period allows customers to have smaller monthly payments, making home improvements easier to budget. Customers can also take either two or three years to pay for their purchase interest free with equal billing payments as well as deferred options such as 'Don't Pay for 6 Months' or 'Don't Pay for 12 Months'.

Customers wishing more information may call 1-800-4-MY-HOME (1-800-469-4663).

Sears Canada is a multi-channel retailer with a network of 197 corporate stores, 219 dealer stores, 31 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: Contact for Media: Hina Sheikh, Sears Canada Corporate Communications, (416) 941-4423, hsheik4@sears.ca


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