⚡ Refundable Benefit Rules:
Unlike non-refundable credits which only reduce tax owed, the **Multigenerational Home Renovation Tax Credit (MHRTC)** is a **refundable** credit. If the credit exceeds your income tax liability, the CRA will issue a check or direct deposit for the difference.
MHRTC Credit Calculator
Input your proposed or actual renovation expenses to calculate your tax credit:
Qualifying Secondary Suite Requirements
To qualify, the renovation must create a secondary unit within your home that meets these parameters:
- Self-Contained Unit: The suite must have a private entrance, kitchen area, bathroom facilities, and sleeping area.
- Municipal Compliance: The renovation must meet local building permits and zoning bylaws for secondary suites.
- Ineligible Expenses: Routine maintenance, land purchases, furniture, smart home devices, and landscaping do **not** qualify for the credit.
Official Government References & Sources
This guide compiles official CRA MHRTC parameters and rules sourced directly from:
• CRA Multigenerational Home Renovation Tax Credit: canada.ca/mhrtc
Credit Highlights
Credit TypeRefundable
Max Expense Limit$50,000 CAD
Credit Rate15.0%
Maximum Refund$7,500 CAD