Tax Credit and Home Renovation
May 1, 2009 by Deyanira Bautista
Filed under Home Improvement
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.
Posted by: Deya Bautista - Affiliated Real Estate Agent working as part of the McGill Immobilier team. Specializing in condos and revenue property in the metropolitan area of Montreal. For buying or selling contact Deya at: 514.917.7889 
Hello Deya,
This article is particularly interesting, thanks for blogging on Montreal Real estate! Najat