Yes. If you rent out an illegal suite that is unsafe, you can face a fine under the Public Health Act or a provincial safety code, such as the Alberta Fire Code.
If a safety codes officer finds that your suite does not comply with the rules after a home inspection, you may need to renovate the suite.
Check your municipality’s website to see if your property is zoned for secondary suites. You should also check whether you are eligible for grants or financial assistance for constructing or renovating a secondary suite. Contact your municipality to see if there are any grants available to you.