2022 Federal Budget Highlights
DMCL
APRIL 11, 2022
Introduction of a Multigenerational Home Renovation Tax Credit. Budget 2022 introduces the Multigenerational Home Renovation Tax Credit which will allow families to claim a 15% tax credit up to $50,000 in renovation and construction costs. Effective for sales on or after January 1, 2023. Addressing climate change.
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