10 October 2024 APFF Financial Strategies and Instruments Roundtable Q. 9, 2024-1015481C6 F - Crédit d'impôt pour la rénovation d'habitations multigénérationnelles et exemption pour résidence principale -- summary under Qualifying Relation

CRA indicated that the expression “qualifying relation” in s. 122.92(1) refers only to the nephew or niece of the qualifying individual and (notwithstanding some wording to the contrary in the Budget Supplementary Information) not to their spouse or common-law partner (and also noted that the expanded meaning given to the terms “nephew” and “niece” in s. 252(2)(g) did not extend to the spouse or common-law partner of such niece or nephew).