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New TVA regulations


la-vie-en-rose

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Bear in mind that the 5.5% rate is for renovations only (still, as it has always been). The definition of "renovations" is complex and will involve filling-in one or more forms, provided by your Artisan.

But, by way of an example, if you add a bathroom, where none existed before, then the TVA rate is 19.6%, or convert your garage, or renovate more than 50% of the house, or change the floors, or the structure of the building, change the use, do 5 out of 6 things on a TVA list, etc etc. ALL 19.6%. Truth be told, and if everyone sticks to the rules (which thankfully they don't), no renovations would qualify for 5.5%.

Tax and spend, tax and spend....

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