Make the most of the new temporary tax credit of the Government of Quebec by including your ventilation work to your list!
Tax Credit for Eco-Friendly Home Renovation
A temporary refundable tax credit for eco-friendly home renovation has been introduced.
This tax credit is intended for individuals who have a qualified contractor carry out eco-friendly renovation work on their principal place of residence or cottage under a contract entered into after October 7, 2013, and before
November 1, 2014.
To qualify for the tax credit, the work must have a positive environmental impact or improve the dwelling's energy efficiency and meet recognized environmental and energy standards.
The amount of the tax credit corresponds to 20% of the portion of an individual's eligible expenses that exceeds $2,500, up to a maximum tax credit of $10,000 per eligible dwelling.
The installation of a new ventilation system is part of the work qualifying for the tax credit:
Ventilation System - Installation of an ENERGY STAR qualified heat recovery ventilator or energy-recovery ventilator certified by the Home Ventilating Institute (HVI) and listed in Section 3 of their product directory (Certified Home Ventilating Products Directory). In addition, where installation makes it possible to replace an older ventilator, the new appliance must be more efficient than the older one.
Here is the listof oureligible air exchangers for thistax credit:
- EVO5 500 HRV
- EVO5 700 HRV HEPA
- Kubix HRV Plus
- Novofit 1.0 HRV
- Novofit 1.5 ES HRV
- Novofit 2.0 ES HRV
- Constructo 1.0 HRV
- Constructo 1.0 ERV
- Constructo 1.5 ES HRV
- Constructo 1.5V HRV
- Constructo 2.0 ES HRV
- Solo 1.5 ES HRV
- Solo 2.0 ES HRV
- EKO 1.5 HRV
- EKO 1.5 ERV
- PRO 301
To see the list of eco-friendly renovation work qualifying for this tax credit and to learn more, click here
To view the newsletter of the Ministère des finances du Québec and get more information about this tax credit, click here (French only)
To reach Revenu Québec, click here
Think about it now to receive your tax credit for spring 2014!