Multigenerational home renovation tax credit (MHRTC) – Title of parent page
- Federal: Line 45355
- Provincial or territorial: Not applicable
- Tax year: 2025| Prior tax years: 2024 and earlier
The Multigenerational home renovation tax credit (MHRTC) is a refundable tax credit that can be claimed on your income tax and benefit return.
If you are eligible, you can claim this credit for certain renovation expenses to create a self-contained 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.
You can claim up to $50,000 in qualifying expenditures for each qualifying renovation that is completed. The tax credit is 14.5% of your costs, up to a maximum of $7,250, for each claim you are eligible to make.
References
Legislation
- ITA: 122.92
- Multigenerational Home Renovation Tax Credit