Second Suite Tax Credit - Multigenerational Home Renovation Tax Credit



The Multigenerational Home Renovation Tax Credit offers families a way to claim a tax credit for eligible construction costs of adding a secondary unit to their home to allow an immediate or extended family member to live with them. To be eligible, the renovation must be completed in the owner's primary residence where they live with a senior or disabled person. The tax credit covers 15% of costs up to a maximum of $7,500 and includes expenses such as labour, building materials, equipment rentals, and permits. Non-eligible expenses include furniture, construction and equipment tools, routine repair or maintenance costs, household appliances and devices, and landscaping or security services. Receipts must be provided to support eligible expenses.