The RénoVert tax credit has been extended for one year
The period of eligibility for the RénoVert tax credit has been extended to March 31, 2019, for all recognized work other than work related to the construction, renovation, modification or rebuilding of a system for the discharge, collection and disposal of waste water, toilet effluents or grey water in accordance with the requirements set out in the Regulation respecting waste water disposal systems for isolated dwellings.
The exceptions above may qualify for the tax credit for the upgrading of residential waste water treatment systems.
The RénoVert refundable tax credit was introduced on a temporary basis to encourage individuals to invest in recognized eco-friendly home renovation work that has a positive environmental impact and improves their dwelling's energy efficiency.
The renovation work must have been done by a qualified contractor under a contract entered into after March 17, 2016, and before April 1, 2018.
The maximum tax credit you can claim in respect of your eligible dwelling for 2016, 2017 and 2018 is $10,000. This corresponds to 20% of the portion of your qualified expenditures paid after March 17, 2016, and before January 1, 2019, that exceeds $2,500.
