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  • Writer's pictureJacob Moolan

MULTIGENERATIONAL HOME RENOVATION TAX CREDIT




For 2023, a new Multigenerational Home Renovation Tax Credit will be introduced for renovations incurred to create a secondary dwelling for seniors or disabled taxpayers to live with a qualifying relative. The credit will be refundable and will be calculated as 15% of eligible expenses up to a maximum of $50,000.


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