$7,500 Canada Tax Credit Approved in October: How to Claim it? Eligibility, Payment Dates
In October 2024, Canada introduced a $7,500 Multigenerational Home Renovation Tax Credit to support families creating secondary living units for seniors or disabled individuals. This tax credit aims to encourage multigenerational living, offering a refundable credit of up to $7,500 for eligible renovations. Homeowners can claim the credit on their 2024 tax return. Learn about eligibility, qualifying expenses, and how to claim the credit in this comprehensive guide.
