The federal government is offering a new tax credit to help make it easier for Canadians to care for adult relatives in their own homes.
The multi-generational home renovation tax credit took effect Jan. 1 for expenses related to building a secondary suite for a family member who is a senior or an adult with a disability.
The secondary suite must be for a related adult over the age of 65 or living with a disability, including a grandparent, parent, child, grandchild, sibling, aunt, uncle, niece or nephew. Additionally, the home being renovated must be inhabited or reasonably expected to be inhabited within 12 months after the end of the renovations.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal tax credit for multi-generational home renovations now available to CanadiansThe federal government is offering a new tax credit to help make it easier for Canadians to care for adult relatives in their own homes.
Read more »
Federal tax credit for multi-generational home renovations now available to CanadiansThe federal government is offering a new tax credit to help make it easier for Canadians to care for adult relatives in their own homes.
Read more »
Five Canadians chosen by FIFA to officiate at this summer’s Women’s World CupFive Canadians to officiate at Women’s World Cup
Read more »
TSX recap: Index finishes higher amid gains in energy and technology stocks - BNN BloombergCanada's main stock index stalled in the afternoon after a morning of strong gains in energy, technology and base metals, while U.S. markets also cooled, ending the day with mixed results.
Read more »
U.S. stocks give up rally above key mark after Fedspeak - BNN BloombergA rally in stocks fizzled out after two Federal Reserve officials signaled that interest rates could top 5 per cent, throwing some cold water on traders who saw a peak below that mark.
Read more »
TSX recap: Index finishes higher amid gains in energy and technology stocks - BNN BloombergCanada's main stock index stalled in the afternoon after a morning of strong gains in energy, technology and base metals, while U.S. markets also cooled, ending the day with mixed results.
Read more »