Tag: royal

A qualifying expenditure could include the value of goods acquired or services received, outlay or expense for permits required for, or for the rental of equipment used in the course of, the qualifying renovation. Only one qualifying renovation can be claimed in respect of a qualifying particular person during their lifetime. Budget 2022 launched the new refundable MHRTC for qualifying expenditures for a qualifying renovation. A qualifying renovation is one that creates a secondary unit inside the dwelling that shall be occupied by the qualifying individual or a qualifying relation. The worth of the credit is 15% of the lesser…