4 Home Improvement Projects That Are Tax Deductible

Whether you’re a new homeowner who’s knee-deep in a gut renovation or you’re making necessary upgrades to your forever home, you might think that every home improvement is simply a sunk cost. Don’t despair, though. Home improvements can greatly increase

Are home renovations tax deductible in Canada?

Can I claim home renovations on my taxes in Canada?

There is currently a Canada Greener Homes Initiative that provides both grants and loans for home evaluations and retrofits, Joan. 

See the below chart for eligible retrofits. 

Home improvement Amount

CRA has clarified the rules for new MHRTC home renovation tax credit

Jamie Golombek: Main home and secondary unit for a relative can be built at same time and still qualify for $7,500 credit