A refundable credit worth up to $7,500 for building a secondary unit for a senior or adult with a disability.
Free quick-reference guide (PDF, courtesy of TRREB). Save or print for easy reference.
⬇ Multigenerational Home Renovation Tax Credit (PDF)This refundable federal credit covers 15% of up to $50,000 in qualifying renovation costs (max $7,500) to create a self-contained secondary unit so a senior (65+) or an adult eligible for the disability tax credit can live with family.
| ✓ Renovation creates a self-contained secondary dwelling unit |
| ✓ For a qualifying relative who is 65+ or eligible for the DTC |
| ✓ Both must ordinarily live in the home within 12 months of completion |
| ★ 15% refundable credit on up to $50,000 of costs |
| ★ Up to $7,500 back — even if you owe no tax |
| ★ Supports aging-in-place and in-law suites |
| → Keep all renovation receipts and contracts |
| → Claim on line 45355 of your tax return for the completion year |
Common questions about this program.
It must be a self-contained unit (private entrance, kitchen, bathroom and sleeping area).
Contact Tej Thakor, Broker of Record at Royal LePage Terra Realty, for professional real estate guidance across the GTA and surrounding areas — in English, Hindi & Gujarati.
We use cookies to understand how visitors use our site and to improve your experience. You can accept all cookies, or continue with only the essentials. Learn more.