Multigenerational Home Renovation Tax Credit
Estimate your maximum refundable tax credit when building a secondary suite for a senior or adult with a disability in Canada.
$
Includes materials, professional services, permits, and equipment rentals.
$
Any other financial assistance must be deducted from your eligible expenses.
Your Estimated Credit
Net Eligible Expenses
$0
Estimated Tax Credit (15%)
$0
Important Considerations
- The maximum eligible expense limit is $50,000.
- The tax credit is refundable at a rate of 15%, meaning the maximum possible credit is $7,500.
- To qualify, the renovation must establish a secondary unit that is a self-contained housing unit with a private entrance, kitchen, and bathroom.
- The qualifying relative must be a senior (65+ years old) or an adult with a disability (18+ years old and eligible for the Disability Tax Credit).
- Routine repairs, maintenance, and household appliances do not qualify.
