If you are renovating your home this year, you will find this information quite useful. The Federal and Provincial government have recently implemented two Home Renovation Tax Credits.
I found out about it though CIGM TV, where Pierre Langlois, Manager of Government Affairs at the Québec Federation of Real Estate Boards, explains the details of this new program in a video.
What I could gather from the video, here are the amounts covered by each government:
Federal: 15% of expenses from $1,000 to $10,000. Maximum deduction of $1350
Provincial: 20% of expenses from $7,500 to $20,000. Maximum deduction of $2500
Find out how much you can be entitled to, by using the online calculator at Finances Quebec website.

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