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New Member
posted Apr 25, 2024 4:14:23 PM

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?

Legally nothing is in our name as far as build contract and payment, if that helps simplify the answer being NO 🙂

0 2 8636
2 Replies
Moderator
Apr 25, 2024 4:25:42 PM

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

 

New Member
Apr 25, 2024 4:41:39 PM

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