Multigenerational home renovation tax credit (MHRTC)

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 15% of your costs, up to a maximum of $7,500, for each claim you are eligible to make.