This refundable tax credit has been implemented on a temporary basis to encourage individuals, be they owners or co-owners of a dwelling, to renovate their principal residence, expand it, adapt it to the special needs of a family member or convert it into an intergenerational home.

The renovation work must have been done by a qualified contractor (This link will open a new window) under a contract entered into after April 24, 2014, and before July 1, 2015. The initial construction of the dwelling must have been completed before January 1, 2014, and the dwelling must be one of the following:

• a single-family home (This link will open a new window)
• 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.

The amount of the tax credit corresponds to 20% of the portion of an individual’s eligible expenses that exceeds $3,000, up to a maximum tax credit of $2,500 per eligible dwelling.