Liberal
- Introduce a 15% tax credit for up to $50,000 in renovation & construction costs for adding a second unit to a home for an immediate or extended family member.
- Expand the Canada Caregiver Credit into a refundable, tax-free benefit.
- Double the Home Accessibility Tax Credit.
- Create an expert panel to provide recommendations on an Aging at Home Benefit.
Introduce a new Multigenerational Home Renovation tax credit to help families add a secondary unit to their home for an immediate or extended family member. Families will be able to claim a 15% tax credit for up to $50,000 in renovation and construction costs, saving up to $7,500.
— Forward. For Everyone., retrieved 2021-09-02
Expand the Canada Caregiver Credit into a refundable, tax-free benefit. This will help 200,000 more Canadians qualify, and increase support for 448,000 people.
Make the Canada Caregiver Credit refundable, allowing caregivers to receive up to $1,250 per year.
— Forward. For Everyone., retrieved 2021-09-02
Double the Home Accessibility Tax Credit, to $20,000, putting up to $1,500 back in the of Canadians who need it.
Establish an expert panel to provide recommendations for establishing an Aging at Home Benefit.
— Forward. For Everyone., retrieved 2021-09-02