32. RénoVert tax credit (Line 462)

You may be entitled to this refundable tax credit if:

  • you were resident in Québec on December 31, 2017 (or on the day you ceased to reside in Canada in 2017);
  • you or your spouse had eco-friendly renovation work done on an eligible dwelling under a contract entered into with a qualified contractor after March 17, 2016, but before April 1, 2018 (generally speaking, an eligible dwelling is a dwelling you own in Québec that is your principal residence or, subject to certain conditions, a cottage); and
  • you are claiming the tax credit for qualified expenditures paid in 2017.

The tax credit can only be claimed for 2016, 2017 and 2018. It is equal to 20% of your qualified expenditures over $2,500 (see the note below). The maximum tax credit for the three years combined is $10,000 per eligible dwelling.

Note

If you incurred qualified expenditures for your residence in 2016 and 2017, the qualified expenditures used to calculate the tax credit for your residence in 2017 will not be reduced by $2,500. Only the portion of the $2,500 that was not used to reduce your qualified expenditures for 2016 will be deducted from your qualified expenses for 2017.

For the complete list of conditions or to calculate the amount of the credit, complete form TP-1029.RV-V, RénoVert Tax Credit.

Form to enclose

RénoVert Tax Credit (TP-1029.RV-V)

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