B1 Heating system

• Replacement of a heating oil system with a system using propane or natural gas, provided the new system uses one of the following heating appliances:
• an ENERGY STAR qualified furnace with an annual fuel utilization efficiency (AFUE) of at least 95% and equipped with a brushless direct current (DC) motor;
• a zero-clearance furnace with an AFUE of at least 95%, if the dwelling is a mobile home;
• an ENERGY STAR qualified boiler with an AFUE of at least 90%.
• Replacement of a heating oil, propane or natural gas system with a system using electricity.
• Replacement of a heating oil, propane, natural gas or electricity system with a qualified integrated mechanical system (IMS) that is CSA-P.10-07 certified and achieves the premium performance rating.⁽⁴⁾

B3 Water heating system

• Replacement of an oil-fired water heater with a water heater using propane or natural gas, provided the new water heater is one of the following:
• an ENERGY STAR qualified instantaneous water heater that has an energy factor (EF) of at least 0.90;
• a condensing storage-type water heater that has a thermal efficiency of at least 95%.
• Replacement of a heating oil, propane or natural gas water heater with a water heater using electricity.
• Installation of a drain-water heat recovery system.

AMOUNT OF THE RÉNOVERT TAX CREDIT

If you were resident in Québec on December 31, 2016, you may be able to claim the refundable RénoVert tax credit for 2016 in respect of recognized eco-friendly renovation work done to an eligible dwelling (This link will open a new window)you own or co-own. You may also be entitled to the credit for 2017 if you were resident in Québec on December 31, 2017.

To claim the credit, you must have had recognized eco-friendly renovation work done to your principal residence or to a winterized cottage that you normally occupy by a qualified contractor (This link will open a new window) under a contract entered into after March 17, 2016, and before April 1, 2017.

If you own an intergenerational house (This link will open a new window) that is your principal residence, you can elect to consider each independent dwelling within the house as a single-family home that constitutes your principal residence, in which case each dwelling will be considered an eligible dwelling for purposes of the tax credit.

The amount of the tax credit, capped at $10,000, corresponds to 20% of the amount by which your eligible expenses paid in respect of the eligible dwelling exceeds $2,500. For 2016, the eligible expenses must have been paid after March 17, 2016, but before January 1, 2017. For 2017, they must have been paid after December 31, 2016, but before October 1, 2017.

If you incurred eligible expenses in respect of your residence in both 2016 and 2017, the eligible expenses that will be used to calculate the tax credit for this residence in 2017 will not be reduced by $2,500. Only the portion of this amount that did not reduce your eligible expenses for 2016 will be deducted from your eligible expenses for 2017.

If you co-own the eligible dwelling, you can split the amount of the tax credit with the other co-owners. However, the total amount claimed in respect of the dwelling cannot exceed $10,000 (the maximum amount for an eligible dwelling).

Note: You must also subtract from your eligible expenses the amount of any government assistance (except assistance received under the Rénoclimat program), non-government assistance or other assistance you received, including indemnities paid under an insurance contract.

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