Conservatives Offer a Reno Tax Credit
Canadians will be eligible to receive a 20 per cent refundable credit on their income tax for green improvements
October 9, 2019 by Robert Koci
Conservative Leader Andrew Scheer was at Potvin & Bouchard today, highlighting the Conservatives’ proposed Green Home Renovation Tax Credit, a two-year program to encourage homeowners to renovate their homes in ways that lower their power bills and reduce greenhouse gas emissions.
Canadians will be eligible to receive a 20 per cent refundable credit on their income tax for green improvements to their homes of over $1,000 and up to $20,000.
Eligible renovations would include:
- Installation of high-quality insulation
- Investments in high-efficiency furnaces
- Replacement of doors and windows with more efficient models
- Upgrading of ventilation, heating and cooling systems
- Installation of solar panels
“No environmental plan is complete without a serious plan to tackle emissions from buildings,” Scheer said. “Our Green Home Renovation Tax Credit will help lower these emissions and fight climate change while putting more money in Canadians’ pockets so they can get ahead.”
This measure is one of the 55 policies of the conservative plan to deal with environmental concerns. The plan, nA Real Plan to Protect Our Environment, introduced earlier this yeat.