Party claims, “New tax credit will allow Canadians to save up to $3,800 on green home renovations”
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.
Party Claims that the Canadians will be eligible to receive a 20% refundable credit on their income tax for green improvements to their homes of over $1,000 and up to $20,000. This would allow Canadians to save up to $3,800 on their renovations each year.
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
In 2017, emissions from buildings represented 12% of Canada’s overall emissions.
“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 our environmental plan, A Real Plan to Protect Our Environment, introduced earlier this year. It is a realistic plan that balances Canada’s obligation to fight climate change with the core Conservative promise to put more money in Canadians’ pockets so they can get ahead.