Currently: - Multigenerational Home Renovation Tax Credit (MHRTC) provides up to $7,500 tax credit (https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/multigenerational-home-renovation.html) - Currently on hold and may only be for a primary residence: Greener Home Initiative was providing up to $40,000 in interest-free loans, qualification was based on the retrofits to make home more energy efficient (https://natural-resources.canada.ca/energy-efficiency/homes/canada-greener-homes-initiative/canada-greener-homes-loan/24286) and (https://natural-resources.canada.ca/energy-efficiency/homes/canada-greener-homes-initiative/canada-greener-homes-grant/canada-greener-homes-grant/how-the-grant-process-works/multi-unit-residential-buildings-murbs/multi-unit-residential) For the Future: - In the government's 2024 Budget they proposed a Secondary Suite Loan Program that would offer up to $40,000 in lower interest loans. (https://www.canada.ca/en/department-finance/news/2024/04/government-making-it-easier-for-homeowners-to-add-additional-suites-to-their-homes.html) - I believe this is supposed to be delivered through CMHC and is not yet accessible with few details outlining the requirements. Just me speculating but its possible that access to some of these funds would require the property to be leased at an "affordable rental rate," important to clarify before accepting any funds - There are also supposed to be federal funds passed through to provinces (pending agreement of terms) so keep an eye for what BC's government offers. If the fed and province don't come to an agreement they could go straight to municipalities.