2024 Tax Credits Canada For Seniors.  — for homes purchased in 2021 or earlier, you can claim a $5,000 credit, and for homes purchased in 2022 or 2023, you can claim the full $10,000 credit. Tax credits can be based on income,.

Tax credits are deductions you may be able to claim when you complete and submit your income tax return.  — the multigenerational home renovation tax credit (mhrtc) is a new refundable tax credit that can be claimed on your 2023 income tax and benefit return.