Can I claim home renovations on my taxes ?

Home renovations can only be claimed under two circumstances:

• Home Accessibility Tax Credit (HATC): This credit is available to individuals who are 65 years of age or older, or who have a qualifying disability. It allows for a non-refundable tax credit on eligible expenses incurred to make a home more accessible or functional for the individual with the disability.

• The Multigenerational Home Renovation Tax Credit (MHRTC) is a federal program in Canada that assists homeowners with the cost of renovations required to create a secondary unit for a qualifying relative.