$7,500 Home Renovation Tax Credit: Step-by-Step Application Guide
What is the “$7,500 Home Renovation Credit”? The phrase “$7,500 Home Renovation Credit” typically refers to a Canadian tax credit launched as part of Canada’s Multigenerational Home Renovation Tax Credit (MHRTC). It is not a U.S. program (though the U.S. has various energy‑efficiency and home improvement tax credits). In Canada, this credit is meant to help families renovate homes to create secondary living units for seniors or adults with disabilities. The key features: So “$7,500” is the ceiling benefit, not …