Eligibility Requirements Under the Tax Credit for the Restoration of a Secondary Residence

Eligible applicant

To claim the tax credit for the restoration of a secondary residence for 2018, you must meet the following conditions:

  • You were resident in Québec on December 31, 2018 (or on the day you ceased to reside in Canada in 2018).
  • You were the owner or co-owner of the residence when the expenses were incurred.
  • You obtained, from the municipality where the residence is located, a certificate confirming that the land subjacent to the eligible dwelling was hit by flooding that occurred in a territory covered by the Special Financial Assistance Program Relating to Flooding that Occurred in Québec Municipalities from April 5 to May 16, 2017 (the "Program").
  • You have an expert's damage assessment report describing the damage caused to the residence.
  • You are claiming the credit for eligible expenses paid in 2018.
Note

The tax credit for the restoration of a secondary residence has two components: the repair component (2017 and 2018) and the post-disaster clean-up and preservation component (2017 only). If you paid post-disaster clean-up and preservation expenses in 2017, you may be entitled to this component for 2017 (certain conditions apply).

For more information about the post-disaster clean-up and preservation component, see the 2017 version of form TP‑1029.RE-V, Tax Credit for the Restoration of a Secondary Residence.

Eligible residence

To be eligible, the residence must meet the following three conditions:

  • It was damaged by flooding in a region covered by the Program but does not qualify as a principal residence under the Program.
  • It is suitable for year-round occupancy and was normally occupied by you at the time of the flooding and when the expenses were incurred.
  • It was not the subject, before the recognized work began, of a notice of expropriation, a notice of intention to expropriate, a reserve for public purposes, a prior notice of the exercise of a hypothecary right registered in the registry office or any other procedure calling your right of ownership into question.
Important

If the dwelling became uninhabitable because of the damage it sustained, it must have been suitable for year-round occupancy and normally occupied by you prior to the flooding.

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