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House Hansard - 153

44th Parl. 1st Sess.
February 3, 2023 10:00AM
Context: House Hansard - 153 - Feb/3/23
Mr. Kevin Lamoureux (Winnipeg North, Lib.)
  • Feb/3/23 11:13:14 a.m.
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Madam Speaker, for many families in Canada the tradition is to have multi-generational homes. How wonderful it is to visit a home where one not only sees the child and the parent but also the grandparent. This benefits not only the family, but also our communities. An elderly grandparent with their daughter’s family, or a son with a disability with their parents, are arrangements that can be an important way for them to take care of each other. Our government supports multi-generational homes, and this year the multi-generational home renovation tax credit will be well under way. It provides up to $7,500 in support for constructing a secondary suite for a senior or an adult with a disability. This refundable credit would allow families to claim 15% of up to $50,000 in eligible renovation and construction costs incurred to construct a secondary suite. This is a great way to support families here in Canada.
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