Plain meaning
A refundable credit for eligible renovation costs to create a secondary unit for a senior or an adult eligible for the Disability Tax Credit.
Also called
MHRTC
Background
The credit applies to qualifying renovations under federal income-tax rules.
Key points
- The renovation must create a qualifying secondary unit.
- The unit must be for an eligible senior or an adult eligible for the Disability Tax Credit.
- Eligible expenses can produce a refund of up to $7,500 for each eligible claim.
Why it comes up
The credit appears in housing and filing-season articles because it connects tax relief with caregiving and multigenerational housing.