Are there any home renovation tax credits available?

Some renovation tax credits that could potentially apply is the GST/HST new housing rebate as per the Canada Revenue Agency (CRA): You may be able to claim a rebate for some of the GST/HST you paid to:

• buy a newly built house (building and land) from a builder to use as your primary place of residence;
• build a new house to use as your primary place of residence;
• substantially renovate a house to use as your primary place of residence.

Please note that as a purchaser, you should ensure that you have not already been credited the new housing rebate by your builder as part of your Purchase and Sale Agreement.

The CRA indicates there are also the home accessibility expenses: You may be able to claim eligible renovation expenses. The renovations must have been made to allow a qualifying individual to gain access to, or to be mobile or functional within the home or, to reduce the risk of harm to the qualifying individual within the home or when accessing the home. You can claim these expenses if one of the following applies:

• you are a qualifying individual, meaning you are 65 years of age or older at the end of 2021 or, you are eligible for the DTC;
• you are an eligible individual that can claim certain tax credits for a qualifying individual.

For more information read the CRA article: Did you buy, build, sell or renovate a home in 2021? Here’s what you need to know 

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