Section 122.92

Subsection 122.92(1)

A taxpayer claimed the credit for renovations to the individual’s home that met all the criteria, including that of a separate unit for the...

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Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 122.92 - Subsection 122.92(1) - Qualifying Relation	qualifying relation does not extend to the spouse of a nephew or niece	72
Tax Topics - Income Tax Act - Section 252 - Subsection 252(2) - Paragraph 252(2)(g)	s. 252(2)(g) does not extend to the spouse or common-law partner of a niece or nephew	32
Tax Topics - Income Tax Act - Section 54 - Principal Residence	renovation to create a secondary unit for s. 122.92 credit purposes generally means that the whole building no longer can be designated as the taxpayer’s principal residence	150

CRA indicated that the expression “qualifying relation” in s. 122.92(1) refers only to the nephew or niece of the qualifying individual and...

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Locations of other summaries		Wordcount
Tax Topics - Income Tax Act - Section 252 - Subsection 252(2) - Paragraph 252(2)(g)	s. 252(2)(g) does not extend to the spouse or common-law partner of a niece or nephew	32
Tax Topics - Income Tax Act - Section 54 - Principal Residence	renovation to create a secondary unit for s. 122.92 credit purposes generally means that the whole building no longer can be designated as the taxpayer’s principal residence	150
Tax Topics - Income Tax Act - Section 122.92 - Subsection 122.92(1) - Eligible Individual	credit is not lost if secondary unit is then sold to its qualifying occupants	159

An individual is constructing a family home with a semi-attached garden suite in which the individual’s parents will live. Is the...

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