5 tax incentives Canadian homeowners should take advantage of

Owning a home in Canada is costly, but tax credits and benefits can provide financial relief. Amid a cost of living crisis, homeowners are seeking ways to renovate their properties. The Canada Revenue Agency (CRA) offers several tax incentives, including the MHRTC, which allows up to $50,000 in renovations for a secondary unit, and the HATC for home renovation expenses up to $20,000. Additionally, moving costs for job relocations and home office expenses can also be claimed, providing further financial support for homeowners.