On April 24, Premier Philippe Couillard announced the introduction of LogiRénov, a new refundable tax credit for homeowners carrying out renovations on their principal residence. LogiRénov is intended to create jobs and support economic growth.
The amount of the tax credit corresponds to 20% of the portion of expenses exceeding $3,000, up to a maximum tax credit of $2,500, for work carried out by a qualified contractor prior to December 31, 2015
Chart: Amount of the LogiRénov tax credit on the basis of the eligible expenditures paid regarding an eligible dwelling (Source: Ministère des Finances Information Bulletin)
This is good news for homeowners, who can now benefit from financial aid for their small-scale renovation projects such as replacing floor coverings, finishing the basement, installing permanent blinds and shutters, and more.
It’s now or never! It’s time to improve your home and start the renovations you’ve been dreaming about for so long.
For more information and a list of renovation projects eligible for the LogiRénov tax credit, refer to the Ministère des Finances Information Bulletin.
For all your flooring needs, we invite you to visit the Surfacex website or contact us directly at 514-798-1991 or 1-855-806-2159.
Need a little inspiration? Our representatives will also be delighted to provide you with assistance and advice.