This refundable tax credit has been implemented on a temporary basis to encourage individuals, be they owners or co-owners of a dwelling, to renovate their principal residence, expand it, adapt it to the special needs of a family member or convert it into an intergenerational home.
The renovation work must have been done by a qualified contractor (This link will open a new window) under a contract entered into after April 24, 2014, and before July 1, 2015. The initial construction of the dwelling must have been completed before January 1, 2014, and the dwelling must be one of the following:
- a single-family home (This link will open a new window)
- a pre-fabricated house or mobile home permanently secured in place
- a unit in a condominium building (This link will open a new window)
- a dwelling in a residential duplex or triplex.
To qualify for the tax credit, the work done must essentially cover the living space of the home as well as its exterior siding and roofing. What's more, to encourage households to incorporate eco-friendly work into their home renovation projects, all work recognized for the purposes of the EcoRenov tax credit and carried out after that tax credit has expired (that is, work done under a contract entered into after October 31, 2014) will be recognized for the purposes of the LogiRénov tax credit.
Renovating one or more rooms of the home (kitchen, bathroom, living room, etc.)
Finishing the basement
Replacing floor coverings
Replacing the plumbing
Replacing the exterior siding
Repairing the roofing
Replacing the rainwater gutters
Replacing a weeping tile, sanitary drainage, fall pipe or foundation drain
The amount of the tax credit corresponds to 20% of the portion of an individual's eligible expenses that exceeds $3,000, up to a maximum tax credit of $2,500 per eligible dwelling.
If you are the co-owner of an eligible dwelling, you can split the amount of the tax credit with the other co-owners, provided the dwelling is the principal residence of all the co-owners. However, the total amount claimed in respect of the dwelling cannot exceed $2,500.
For more information on the types of renovation work that qualify for the tax credit, see the list of recognized renovation work.