Tax Credits 2024 Heat Pump Canada

Tax Credits 2024 Heat Pump Canada. An eligible individual can claim up to $50,000 in qualifying costs for one qualifying renovation that was completed in the tax year. Use the following table to check if your income level is eligible.


Tax Credits 2024 Heat Pump Canada

This can be paired with an additional $1,200 in credits for more projects in the tax year. The canadian government has enacted four new refundable investment tax credits (itcs) designed to grow canada’s clean economy and allow canada to remain competitive in.

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