Renovating your home this summer?

A new refundable tax credit for households that renovate their home, expand it, adapt it to the special needs of a family member or convert it into an intergenerational house has been implemented on a temporary basis.

This new credit is intended for individuals who are homeowners and who hire a qualified contractor to carry out renovation work on their principal residence under a contract entered into after April 24, 2014, and before July 1, 2015.

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.


Get more details on how to qualify here. 


There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Desiree Ofter

Desiree Ofter

Residential Real Estate Broker
CENTURY 21 Max-Immo
Contact Me