Most provinces offer a form of provincial tax credit for home renovation as well. The exceptions are New Brunswick, Prince Edward Island, Alberta and the territories.Multigenerational living has many great benefits. It allows families to connect, to learn about one another’s lives, to share in responsibilities and benefit from cross-generational knowledge.
Adding a secondary unit to your home can be time consuming and imposing, but the long-term benefits are plentiful. You’re not only creating a space that a loved one can use as their own residence, but you’re also creating a space that can increase the value of your home.Article content If you don’t think you’ll require the space any time soon, you can rent out the secondary space for a longer time period. Having a long-term tenant in your home is an additional responsibility, but it can also generate regular, steady income for you and your family.
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