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O
oscardelataxes
April 25, 2024
Question

My family pooled resources to build a laneway house on a property that is in my dad's name. Can I claim part of my contribution via the Multigen Home Reno credit?

  • April 25, 2024
  • 1 reply
  • 0 views
Legally nothing is in our name as far as build contract and payment, if that helps simplify the answer being NO 🙂

    1 reply

    TurboTaxSusan
    TurboTaxSusan
    April 25, 2024

    This CRA webpage has information on who is eligible and what is eligible for the Multigenerational Home Renovation Tax Credit:

    https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2022-plan-grow-economy-make-life-more-affordable/multigenerational-home-renovation-tax-credit.html

     

    O
    oscardelataxesAuthor
    April 25, 2024

    Thanks TurboTaxSusan - I reviewed this link before posting, hence my question. No worries, will see if Reddit can help instead.

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