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Home Renovation and Home Accessibility Loans, Grants & Tax Credits - Federal and Provincial
Home renovation tax credits allow homeowners a tax credit for eligible renovation costs. Some of these credits are non-refundable, so the tax credit can only be used to reduce taxes owing in the current taxation year. When a tax credit is refundable, if the amount exceeds the tax otherwise payable in the year, a refund will be issued.
Canada Greener Homes Grant Initiative
Federal Home Accessibility Tax Credit (HATC) for Seniors and Persons With Disabilities - Non-Refundable - available for 2016 and later taxation years
Federal Multigenerational Home Renovation Tax Credit - Non-Refundable
BC Home Renovation Tax Credit for Seniors and Persons With Disabilities - Refundable
New Brunswick Seniors' Home Renovation Tax Credit - Refundable
Ontario Seniors' Home Safety Tax Credit - Refundable - for 2021 & 2022 only
Saskatchewan Home Renovation Tax Credit for 2021 & 2022 - Non-Refundable - for all SK homeowners
Documentation for Home Renovation and Home Accessibility Tax Credits
Canada Greener Homes Loan
 | interest-free loans of up to $40,000 to make your home more energy efficient |
| 2021 Federal Budget proposed $4.4 billion over 5 years, starting in 2021-2022, to help up to 175,000 homeowners complete major home retrofits through the interest-free loans |
See CMHC's Canada Greener Homes Loan.
See Life in the Tax Lane June 2022 from Video Tax News re income tax implications.
Canada Greener Homes Grant Initiative
| pre- and post-retrofit EnerGuide evaluation is required | ||||
| at least one eligible recommended retrofit must be completed | ||||
| copies of all documents must be provided, and kept until March 31, 2028 | ||||
| All mechanical and electrical systems, with the exception of thermostats, must be installed by a licensed and trained professional. | ||||
| Grant can be requested for:
|
See the following from Natural Resources Canada:
Learn about the Canada Greener Homes Grant Initiative
Eligible retrofits and grant amounts
Federal Home Renovation Tax Credits
Home Accessibility Tax Credit (HATC) for Seniors and Persons With Disabilities - Non-Refundable - available for 2016 and later taxation years
Multigenerational Home Renovation Tax Credit (MHRTC) - on CRA website
Income Tax Act s. 122.92
| included in Bill C-32 tabled November 3, 2022, Royal Assent December 15, 2022 |
| non-refundable tax credit of 15% of the lesser of eligible expenses and $50,000, for a maximum credit of $7,500 |
| for eligible expenses for a qualifying renovation that creates a secondary dwelling unit to permit an eligible person (a senior or a person with a disability) to live with a qualifying relation |
| starting January 1, 2023 |
Life in the Tax Lane re MHRTC:
July 2023: MHRTC can be used toward the new construction of an accessory dwelling unit such as a carriage house or laneway house.
September 2023: MHRTC can be used toward the construction of a new dwelling.
Provincial Home Renovation Tax Credits
The following articles discuss the provincial home renovation tax credits:
BC Home Renovation Tax Credit for Seniors and Persons With Disabilities - Refundable
New Brunswick Seniors' Home Renovation Tax Credit - Refundable
Ontario Seniors' Home Safety Tax Credit - Refundable - for 2021 & 2022 only
Saskatchewan Home Renovation Tax Credit for 2021 & 2022 - Non-Refundable - for all SK homeowners
Documentation for Home Renovation and Home Accessibility Tax Credits
Make sure you have the documentation you need to support your HRTC claim. The type and quantity of goods purchased or services provided must be clearly identified on any agreements, invoices and receipts. Required information includes, but is not limited to:
| information that clearly identifies the vendor/contractor, including the business address, and if applicable, the GST/HST registration number; |
| the date the goods or services were purchased or provided; |
| a description of the work performed including the address where the work was performed; and |
| the amount paid. |
TaxTips.ca Resources
First Time Homebuyers' Tax Credits
Persons with Disabilities - links to all related information on TaxTips.ca
Real Estate and Canadian Tax Issues, Home Buyer Incentives
Revised: October 26, 2023