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From the beginning of 2021, a tax relief for home renovation came into force and people can now actually take advantage of it for the first time. If the property is uninhabitable due to the renovations that are being made to it and the nature of work includes structural changes or major home repairs, residents will be exempt. The 2015 federal budget announced a new home accessibility tax credit (hatc).

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No, you can't deduct your home improvement expense with a home renovation tax credit. However, tax deductions for home improvements are available to make your home more. Did you know that you can deduct the cost of some home improvements from your federal income tax return?

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