New credit available on the 2023 tax return
The Multigenerational home renovation tax credit (MHRTC) is a refundable credit that assists with the cost of renovating an eligible dwelling to create a secondary unit that allows a qualifying individual (senior or adult eligible for the disability tax credit) to live with a qualifying relation. The credit is available for qualifying expenditures made or incurred after December 31, 2022, for services performed or goods acquired after that date.
Find deductions, credits, and expenses you can claim on your tax return to help reduce the amount of tax you have to pay.
Services and information
Review all deductions, credits, and expenses you may claim when completing your tax return to reduce your tax owed
Claim amounts for your children, eligible dependants, and spouse or common-law partner
Find out if you can claim amounts for post-secondary and adult basic education, for yourself and others
How to claim amounts for someone with an impairment in physical or mental functions
Claim amounts for pension and savings income, contributions to CPP, QPP, and RRSPs
How to claim common deductions and credits related to your employment income
Find out about provincial or territorial income tax and credits
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