LogiRénov home renovation tax credit for Québec residents

What’s in this article?

 

What is this?

The Québec LogiRénov home renovation tax credit is a temporary refundable tax credit to encourage you (owner or co-owner of a dwelling) to have recognized renovation work done to your principal residence to expand and adapt the home to fit the special needs of a family member, or convert it to an intergenerational home. The credit only applies to tax years 2014 and 2015.

The tax credit is 20% of the eligible expenses that exceed $3,000, up to a maximum tax credit of $2,500 per eligible dwelling. If you claimed the maximum credit amount in 2014, you cannot claim the tax credit in 2015. If you are a co-owner, you can split the tax credit amount with the other co-owner(s), provided the total amount claimed does not exceed $2,500.

To calculate the tax credit, you must complete form TP-1029.LR-V: LogiRénov Home Renovation Tax Credit.

 

Am I eligible?

If you or your spouse paid eligible expenses for renovations done to your principal residence under a contract established with a qualified contractor after April 24, 2014 but before July 1, 2015, you may be able to claim the LogiRénov tax credit.

Revenu Québec says…

The eligible expenses for which you are claiming the credit must already have been paid. The initial construction of the dwelling must have been completed before January 1, 2014, and the dwelling must be one of the following:

  • single-family home 
  • a pre-fabricated house or mobile home permanently secured in place
  • an apartment in a building held in divided co-ownership (condominium)
  • a dwelling in a residential duplex or triplex.

To claim the LogiRénov tax credit for the 2014 or 2015 taxation years, you must:

  • enclose, with your income tax return for the year, the LogiRénov Home Renovation Tax Credit form (TP-1029.LR-V)
  • have the contractor that carried out the work complete and sign a copy of form TP-1029.ER.A-V, Certificate of Compliance With Energy and Environmental Standards, if the work in question was recognized eco-friendly renovation work
  • obtain, from the contractor that carried out the work, the breakdown of costs for the goods and services provided for the various types of work, if not all the work done was recognized renovation work

Expenses that are recognized for the purposes of the EcoRenov tax credit will be recognized for the purposes of the LogiRénov tax credit, provided they are incurred under a renovation contract entered into after October 31, 2014.

Click this link for the applicable code of the work being done.

 

Where do I claim this?

Follow these steps in H&R Block’s tax software to file your 2015 taxes:

Important: Before you begin, ensure that you told us that you lived in QUÉBEC on December 31st of the 2015 tax year, in H&R Block’s tax software. To do this:

  1. Click the HOME tab.
  2. Click the ABOUT YOU icon, and click the Your residence link. You will find yourself here:

Once you have confirmed your residence location, claim the LogiRénov home renovation tax credit by following these steps:

  1. Click the PREPARE tab.
  2. Click the OTHER icon. You will find yourself here:
  3. Under the OTHER DEDUCTIONS heading, click the checkbox labelled LogiRénov home renovation tax credit.
  4. Scroll to the bottom of the page and click Continue.

When you arrive at the page for the LogiRénov home renovation tax credit, enter your information into the tax software.

IMPORTANT: In the field referring to the Amount of financial assistance under the Additional information heading, do not include amounts received under the Rénoclimat program, the federal income tax system or the LogiRénov tax credit. Also, do not include any amounts of assistance already entered on your TP-1029.LR-V form for 2014, if applicable.

Where can I learn more?