08/04/2015 11:33 EDT

Home Renovation Tax Credit Promised By Harper During Tile Factory Stopover

Stephen Harper unveiled another election promise Tuesday, pledging to introduce a permanent home renovation tax credit.

Renovation expenses between $1,000-$5,000 are eligible for the annual credit, Harper said at a campaign stop at Olympia Tile International Inc.

The new promise is a permanent measure to replace a temporary credit introduced by the federal government in 2009 — which, according to the party, has saved over three million Canadians more than $700 each.

The annual cost of the credit to taxpayers is expected to be $1.5 billion once implemented.

The Conservative leader said the re-introduced credit “helps every single Canadian, whether they have children or not.”

“Young parents renovated rooms as nurseries, empty-nesters converted rooms for other uses, older Canadians made changes to remain independent in their own homes,” said Harper before taking a swipe at federal Liberal Leader Justin Trudeau.

“The renovation tax credit helps every homeowner, regardless of income. I know Justin Trudeau doesn't think every family deserves help, but we do.”

He made the announcement at a Toronto-area tile factory within Joe Oliver’s Eglinton-Lawrence riding. Oliver was also in attendance.

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