Search results
4 days ago · The income ceiling for the GST/HST credit differs depending on the number of children in the family. For singles, their yearly net income must be lower than: No children: $54,704 (previously ...
5 days ago · Share. Eligible Canadians should expect GST/HST tax credit payments in their bank accounts late this week, according to the Canada Revenue Agency. The latest instalment in the quarterly payment ...
2 days ago · Under current tax law, new oil and gas furnaces are eligible for a tax credit. The tax credit is equal to 30% of the total project cost, but it tops out at $600. If you’re unsure if your home ...
- Barbara Zito
- It can be pricey to convert your furnace’s energy source due to the amount of work that’s involved in installation. It might save you money in the...
- To calculate what size furnace you need, take the square footage of your home (the space you want to heat) and multiply it by 40. That will give yo...
- From the type of furnace to proper maintenance to how often it is used, the lifespan of a furnace depends on various factors. However, generally, a...
- Replacing a furnace is expensive because it requires skilled labor. It’s difficult work that takes strength, precision and a lot of time. Plus, fur...
- The most expensive part of a furnace to replace is the blower motor. Replacing it can cost as much as $2,000. Repairing this component costs betwee...
- The best time to buy a new furnace is in the spring or summer, once you’re sure the cold season has ended. Furnace installers will no longer be in...
2 days ago · The federal Liberals say taking the carbon price off home heating oil will save an average homeowner $250. The carbon price is intended to make fossil fuels more expensive as an energy source...
- Adam Reaburn
3 days ago · Quick Facts: The number of households in B.C. with heat pumps has increased by approximately 80% since 2017, from an estimated 142,000 to 254,000. Approximately 13% of B.C. households currently use a heat pump. It is estimated there are 28,000 homes in British Columbia heated with oil, which typically incur the highest heating costs.
2 days ago · Estimate your total benefit payments. You can use the CRA’s Child and Family Benefits Calculator to estimate your total benefit payment for all child and family benefits you may be eligible for, including the B.C. climate action tax credit.
People also ask
Does Canada still use heating oil?
Will taking carbon off home heating oil save $250?
Are rural Canadians getting more fuel rebates than urban Canadians?
Is Ottawa making heat pump incentives more appealing?
4 days ago · Oil-fired boilers and furnaces your company installs in 2023 and onward likely to qualify. Beginning next year, homeowners who have qualifying oilheat systems installed could be eligible for a $600 tax credit under the recently enacted Inflation Reduction Act (IRA).
