The 2019 Rénovert tax credit

The Logi renov program was renewed by the government for 2012. An opportunity for individuals and professionals alike to consider work that has an impact on the heating bill and on reducing our environmental footprint. The article describes precisely the procedure to be followed, says who is entitled to it and how to benefit from it... Believe it or not you are concerned!

Extension of the RénoVert tax credit until March 2019

The eligibility period for the RénoVert tax credit has been extended until March 31, 2019 for all eligible work.

For more information on this reduction, see the Revenu Québec new tax page .
This refundable tax credit remains a temporary tax benefit to encourage individuals to carry out residential renovation work that is recognized as eco-responsible (must have positive energy or environmental impacts).

The full terms and conditions are in this document Budget1718_RenseignementsAdd

This temporary refundable tax credit is for you if you have eco-responsible renovation work carried out. The work must be completed after March 17, 2016 and before April 1, 2017.

The maximum allowable amount is 20% of eligible expenses in excess of $2,500.

The Iso-Rénov program allows them to benefit from a free $300 thermal assessment and a supervised incentive scheme offering them the opportunity to equip themselves while respecting their budget.

The tax credit program: LogiRenov is over.

Some Well-caulked windows and good insulation allow you to make significant energy savings. And energy savings are good for the environment but it’s also good for your wallet.

To carry out all this work and as part of a eco-responsible energy consumption, the State of Quebec is giving a boost to home renovation. The Prime Minister, On April 24, 2014, Mr. Philippe Couillard announced the new refundable tax credit for residential renovations: the LogiRénov tax credit.

«This new tax credit confirms our government’s strong commitment to reviving Quebec’s economy. This is a first step in this direction and more will soon followconcluded Mr. Philippe Couillard.

Who is this aid for?
How much am I entitled to?
What work is involved?

Some answers…

Who is affected by this tax credit?

All owners or co-owners of a principal residence in Quebec can benefit from this assistance. The amount granted can also be shared between the owners of a condominium if the work concerns an entire building.

This assistance replaces or complements the ÉcoRénov tax credit (see below) and can be added in some cases to the Rénoclimat program (concerning energy renovation), administered by the Ministère de l’Énergie et des Ressources naturelles. Supporting documents (submissions, quotes and invoices) must be kept to prove the date and compliance of the work at all times.

Exceptions

Stoops, terraces, balconies, sheds, gazebos, spas or outdoor pools are not eligible for the LogiRénov tax credit.

The conditions to be met

The renovation and insulation work must be carried out by a qualified professional in Quebec and the contract must be signed after April 24, 2014 and before July 1, 2015.

To be eligible for this tax credit, the work must:

Have a positive impact on the environment,
Responding to a facility that meets current standards,
Use non-polluting materials and certifications

How many?

The amount of the LogiRénov tax credit does not exceed $2,500 per dwelling and is equal to 20% of the portion of eligible expenses that exceeds $3,000.

List of eligible renovations

The installation must comply with the standards of the materials used and certifications such as Greenguard or ÉcoLo for example.

This list cites some examples of work eligible for the tax credit, but it is not exhaustive. The list can be found here at this link: http://www.revenuquebec.ca/fr/citoyen/credits/logirenov/liste-travaux-reconnus.aspx

Exterior insulation of the home (roof, wall, foundation, etc.)
Water and air tightness (foundation, wall, door, window, etc.)
Renovation of doors and windows or skylights
Replacement of the heating system…

A sequel to tax credits that have been subsidizing caulking since 2011

ÉcoRénov is the refundable government tax credit program for homeowners who undertook eco-responsible renovations to their principal residence or vacation cottage by a qualified company in 2013-2014.

Qualified customers

All owners or co-owners of an eligible home (see below) at the time the green renovation expenses are incurred.

The owner or co-owner must:

Be a resident of Québec at the end of the year to be able to apply the refundable tax credit for the same year;
Have signed a bid with a qualified contractor

Building company conditions

The contractor must meet the following conditions:

Being a person or company with an establishment in Quebec;
Not owning the home, cottage or condo, or the owner’s spouse
Hold the appropriate licence for the nature of the work.

Eligible housing

To qualify, the home must

Be either a main residence ,house, condominium, accommodation in a duplex or triplex), or a year-round cottage normally occupied by the individual;
Being located in Quebec;
Have been built^before January 1, 2013.

Eligible work:
The renovation projects concerned must have a positive impact on energy or the environment and the techniques used to carry them out must comply with recognised eco-responsible standards. Work may include:

Insulation of roof, exterior walls, foundations and exposed floors;
Air and water waterproofing, including caulking
Installing doors and windows;
Installation or replacement of heating, cooling, water heater or ventilation systems;
Installing stormwater or wastewater systems;

The full list of eligible jobs can be found on Revenue Quebec’s website.

Elite Caulking is proud to meet the requirements of the 2014 EcoRenov Tax Credit program.

The LOGIRÉNOV tax credit is another aid for major works

This tax credit is intended for individuals who own and carry out work after April 24, 2014 and before July 1, 2015.

Maximum amount of $2,500,
Must be 20% of the portion of an individual’s eligible expenses that will exceed $3,000.
Work valid for the ÉcoRénov tax credit is also validated under the LogiRénov credit (Estimate signed after October 31, 2014)

The owner will have to attach an information return to his income tax return using a form that will be available with the 2014 tax documentation.

For eco-responsible work carried out under the LogiRénov tax credit, the contractor responsible for the work must certify that the property meets these recognized standards.
To do so, the employer must complete and sign the Attestation of Compliance of Goods with Eco-Responsible Standards form (TP-1029. ER. A) and give it to his client.
For more information, please refer to the following pages of the following site.

Info from your North Shore caulking company

The late EcoEnergie program

Since 2010 the eco-energy programme has been a success

The government has confirmed the extension of the ecoENERGY program for residential retrofits in 2013-2014. The goal of the program is to encourage Canadians to carry out work on homes with an ecological impact, caulking is logically one of them. Ottawa is therefore ready to sign participation cheques for homeowners who want to take action for the environment.

The Conservatives’ campaign argument at the last election was that the program was actually guaranteed to be included in the federal budget. Indeed, the positive consequences of the ecoenergy program on greenhouse gas emissions have been proven, which is why the recently appointed Minister of Natural Resources, Mr. J. Oliver, mentioned the revival of a potential budget of $400 million. He also pointed out that this program to renovate Canadian homes is one of the most popular in the country (500,000 beneficiaries in recent years), and he hopes to subsidize 250,000 more this year. WHY CAN’T YOU!

The refundable tax credit for eco-responsible residential renovation work remains in place on a temporary basis to be confirmed each year.

For the public who have eco-responsible renovation work done by a qualified company for their main residence or cottage under an agreement entered into after October 7, 2013 and before November 1, 2014.

With a maximum amount of $10,000 per eligible dwelling, this tax credit will correspond to 20% of the portion of eligible expenses that exceeds $2,500.

We have already seen that changing the caulking joints is profitable in the medium term, with the Ecoenergy subsidy here is another good reason to invest in the waterproofing of your house because this work will lead to a third saving: that on your energy bills… not to mention your gesture for the environment…

Work eligible for Ecoenergy Grant

Window Change/Doors/Light Well
Heating systems
Air conditioning systems
Ventilation systems
Domestic hot water equipment
Isolation
Waterproofing whose caulking
Water conservation

What type of building?

Almost all properties are eligible:

Single-family homes,
Cottages
Multi-family homes,
Cottages in regions,
Residential.

How to apply for the EcoEnergy Grant

To register You must register with Natural Resources Canada (NRCan) you will get a number. It can also be obtained by phone at 1-800-O-Canada (1-800-622-6232).
Evaluation before renovations:
Hire a local NRCan-accredited service organization, which will send an energy efficiency expert to your home to assess your property before work, from the basement to the attic. This formality is not necessary if the property has already been assessed under this program since April 2007,
Renovations and invoices or receipts:
Shop for eligible materials and do or have the work done, keep your receipts for three years. The subsidy is proportional to the energy savings potentially achieved.
Evaluation after renovations: Once the renovations have been completed, an evaluation is required on March 31, 2012. You will produce your invoices and receipts to the expert during the end-of-work inspection. (These proofs of purchase must be dated after June 6, 2011)
You will receive a cheque from the Government of Canada within 90 days of the post-renovation assessment. NRCan also transfers some data to additional incentive programs underway in the provinces and territories. In some cases, they are the ones who issue cheques according to their criteria and timing.