Help with buying a first home

Inspection fees, welcome fee, notary fees; the purchase of a house has many expenses besides the mortgage. Quebec helps first-time homebuyers by introducing a tax credit that can earn them up to $ 750.

U do once the new measure combined with the federal ($ 626), it is therefore up to $ 1376 that the new owners will keep in their pockets. To be eligible, you must have purchased a principal residence (single-family, condo, semi-detached, etc.) since January 1, 2018.

Quebec calculates that it costs about $ 5000 of various expenses when buying a house. However, no invoice will be required to obtain the tax credit. The government estimates that this measure will cost $ 28 million a year. The credit can be shared if both buyers are on their first acquisition. A person who has not owned for four years is also eligible for the credit.

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Care expenses

In addition, other measures will allow you to keep more money in your wallet.

Parents of children attending non-subsidized day care will be able to recover an additional $ 130 to $ 375 per child, depending on family income. Quebec raises the ceiling of eligible expenses of $ 500, to $ 9500. The last increase was in 2009, and Quebec says that since then, child care costs have increased. This cap covers a spot costing up to $ 36.50 per day.

The ceiling for a disabled child jumps by $ 2,000 to $ 13,000. The gain in this case will be between $ 520 and $ 1500, depending on income.

Québec is also committed to indexing these ceilings to the cost of living starting in 2019 to take into account “future increases in custodial rates,” says the Leitão budget.

These changes will cost an additional $ 15 million in 2018-2019, but will grow each year to $ 51 million more in 2022-23.

“It’s still incredible that, on a voluntary basis, a government directs as many children as possible to the network, whose quality is less than that of CPEs,” said Nicolas Marceau of the Parti Québécois. He lamented the “spectacular growth” in the costs associated with this credit and regretted that “no control is exercised on the veracity or legality of the use made of it.”

Québec solidaire also criticized the privatization of daycares. “His vision is: the private, it costs less, not serious if the children are less prepared to go to school,” said Manon Massé. The CAQ approved the measure.

RénoVert extended

Another good news for owners, the RénoVert program, which was to end on March 31, 2018, will be extended by one year. It entitles you to a refundable tax credit of 20% on the costs of your eco-friendly renovations. You will therefore have until March 31, 2019 to enter into an agreement with a qualified contractor, and until December 31, 2019 to pay for the renovation expenses. The invoice for your work must be at least $ 2500 to qualify for this assistance.

The maximum credit value is $ 10,000, the equivalent of $ 52,500 under construction. Quebec calculates that the RénoVert extension will cost him $ 172 million. The CAQ welcomed the decision.


The government is loosening its rules to allow more caregivers to benefit from a tax credit. It will no longer be necessary for someone caring for a loved one to live with them to receive a tax credit of up to $ 533. This amount will be reduced, however, if the recipient has a net income of $ 23,700 or more.

With a net income of $ 27,031, the caregiver who does not reside with the person receiving assistance is no longer eligible for the credit, while the caregiver who lives with the caregiver receives a universal amount of $ 652.

In addition, people who give an occasional boost will be able to see their efforts rewarded more quickly, from 200 volunteer hours instead of 400. The credit will range from $ 250 to $ 750.

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