Seniors and their families can now claim up to $1,500 for permanent changes to their homes to accommodate age-related needs.
The Healthy Homes Renovation Tax Credit is a permanent, refundable Personal Income Tax credit to assist with the cost of permanent home modifications that improve accessibility or help a senior be more functional or mobile at home.
The credit is worth up to $1,500 each year, calculated as 15 per cent of up to $10,000 in eligible home renovation expenses that will help seniors stay safely in their homes. It can also be claimed by senior homeowners and tenants, and people who share a home with a senior relative.
Amounts claimed by couples are subject to a combined maximum of $10,000 in eligible expenses per year. Different family members in a shared home can claim the credit. However, the total amount of the eligible expenses that can be claimed, per year, by all of those family members cannot exceed $10,000.
Spouses or common-law partners who live in separate homes because of medical necessity or because of a breakdown in their marriage or common-law relationship, can each claim up to $10,000 of expenses.
You are eligible if you are a:
There is no income test to qualify for this credit.
Some examples of eligible expenses include:
For more information: www.ontario.ca/healthyhomesView the complete brochure.
Start your day with confidence by improving safety in the bathroom.
Improve accessibility outside your home by making these modifications.
Find independence by making your kitchen more accessible.
Improve safety on your stairway by making these modifications.
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