Claiming the RénoVert Tax Credit
The period of eligibility for the RénoVert tax credit has been extended to March 31, 2018, for all recognized work other than work related to the construction, renovation, modification or rebuilding of a system for the discharge, collection and disposal of waste water, toilet effluents or grey water in accordance with the requirements set out in the Regulation respecting waste water disposal systems for isolated dwellings.
The work above for which the period of eligibility for the RénoVert tax credit has not been extended may qualify for the new tax credit for the upgrading of residential waste water treatment systems if it is carried out under a contract entered into with a contractor after March 31, 2017. For more information about the new tax credit, see form TP-1029.AE-V.
You can claim the RénoVert tax credit only for the 2016, 2017 and 2018 taxation years, and you must do so when you file your income tax return.
To claim the credit, you must:
- enclose form TP-1029.RV-V, RénoVert Tax Credit, with your income tax return for the year;
- have the contractor that did the work complete and sign a Certificate of Compliance with Energy and Environmental Standards (form TP-1029.RV.A-V).
To qualify for the credit in 2016, the qualified expenditures must have been paid after March 17, 2016, and before January 1, 2017.
To qualify for the credit in 2017, the qualified expenditures must have been paid after December 31, 2016, and before January 1, 2018.
To qualify for the credit in 2018, the qualified expenditures must have been paid after December 31, 2017, and before January 1, 2019.
In the case of an eligible dwelling located in a condominium building, qualified expenditures include any expenditure paid by the syndicate of co-owners, up to your unit's share of the expenditure. The syndicate of co-owners must provide you with information concerning the work done and the amount of your unit's share of the expenditures by giving you a copy of form TP-1029.RV.D-V, Information Return: RénoVert Tax Credit.
You must keep your supporting documents (estimates, invoices, etc.) for six years in case we ask for them.