Housing support
These benefits can help you lower the cost of your housing expenses, like rent, heating, and electricity.
Common housing support benefits
Federal
The Multigenerational Home Renovation Tax Credit is a new refundable tax credit for the costs of certain renovation expenses to an eligible dwelling to establish a secondary unit. The secondary unit must allow a senior or an adult who is eligible for the disability tax credit to live with a qualifying relative. This amount may be claimed on your tax return (starting from the 2023 tax return).
You can claim up to $50,000 in qualifying expenditures for each qualifying renovation that is completed. The tax credit is 15% of your costs, up to a maximum of $7,500, for each claim you are eligible to make.
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