RÉNOVERT TAX CREDIT
Renovate your doors and windows and get up to $ 10,000 in tax credits!
Temporarily, from March 17, 2016 to April 1, 2017, Quebec homeowners or co-owners of a home who carry out eco-responsible renovation work on their residence will be entitled to a 20% tax credit on their work in excess of $ 2,500 . Therefore, in order to take advantage of the maximum amount of the RénoVert tax credit, which is $ 10,000, the owner will have to make eligible renovations worth $ 52,500 before September 30, 2017.
CHARACTERISTICS:
Date of contract
For agreement reached AFTER March 17, 2016
And before 1 April 2017
Date of completion
None (for the time being) but the work must
be paid in full before October 1, 2017
Refund
20% of what exceeds $ 2,500
(No credit before $ 2,500)
Maximum reimbursement
$ 10,000
Maximum amount of work
$ 52,500
Restrictions and Eligibility
• Products must meet Energy Star standards
Of its region (triple glass if tiles)
• Must be installed by an RBQ licensed contractor
Type of credit
Refundable
RénoVert will be financed directly from the “Green Funds” dedicated to the fight against climate change. Again, by launching this new program, the Government of Quebec intends to encourage families to opt for “green” renovations and promote the economy, the labor market and the renovation sector.
Individuals will receive the credit when they file their 2016 or 2017 income tax returns. This is the time to replace your your doors and Windows!
Eager to install new doors and windows, while enjoying this program? Contact us so you can plan your project with us! All details concerning the RénoVert tax credit are available on the Revenu Québec website.