Sears Canada Makes Canada's New Home Renovations Tax Credit Program Even Better

    Canadians can maximize their home improvement tax credit with additional

    TORONTO, Feb. 6 /CNW/ - Sears Canada Inc. (TSX: SCC) announced today the
launch of substantial new incentives adding to the federal government's new
home renovations tax credit program unveiled last week, for residential
renovations and improvements.
    Sears Canada is working on several programs in its Home Improvements
business to complement the tax credit. The first program is ground breaking:
Sears will match the tax credit, dollar for dollar, when a customer spends
$2,000 or more on all installed flooring ordered by February 12th, 2009.
Customers may choose from a wide selection of flooring surfaces from vinyl,
fiberfloor, laminate, hardwood and carpet.
    "The new home renovations tax credit program unveiled by the federal
government allows Canadians to benefit financially from their home renovation
projects," said Arv Gupta, Vice-President, Home Services & Contact Centres,
Sears Canada. "Sears is now in effect, doubling the savings of the tax credit.
This can add up to hundreds, or even thousands of dollars. The installed
flooring tax credit match offer is just the first of others to come during
    Each month, Sears will be featuring a home improvement product category
that will qualify for a Sears exclusive tax credit incentive. Sears offers a
wide selection of installed home improvement products with Sears guarantee of
satisfaction that are eligible for the tax credit program:

    -  Furnaces: Top quality ENERGYSTAR rated 2 stage high efficiency Carrier
       and Kenmore furnaces with up to 95% AFUE (Annual Fuel Utilization
    -  Tankless water heaters: Sears offers Rinnai and Navien tankless water
       heaters that can help save up to 40% on your energy bill.
    -  Windows: ENERGYSTAR rated vinyl, aluminum and wood framed windows,
       save customers money through lower energy loss.
    -  Roofing: Sears installs only premium quality shingles which carry
       manufacturer's warranties of 25 years or greater.
    -  Kitchen and Bath renovations: Sears offers extensive renovation
       options, including the installation of cabinets, countertops, sinks,
       faucets, backsplash, flooring, electrical and plumbing.

    To further assist consumers with their home renovation projects,
homeowners can affordably finance their renovations with Sears Canada's 0%
interest, 36 equal billing payment option available until February 28, 2009,
when they use their Sears Card or Sears MasterCard. Consumers may also qualify
for ecoEnergy rebates, potentially saving even more.
    Customers wishing more information may call 1-800-4-MY-HOME.

    This release contains statements that are forward-looking. Actual results
or events may differ materially from those forecasted in this release because
of the risks and uncertainties associated with Sears Canada's business and the
general economic environment.

    Sears Canada is a multi-channel retailer with a network of 198 corporate
stores, 187 dealer stores, 44 home improvement showrooms, over 1,850 catalogue
merchandise pick-up locations, 106 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

For further information:

For further information: Media Contact: Katarina Kristanic, Sears Canada
Inc., (416) 941-4424,

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