A well kept secrect: Healthy Home Tax Renovation Credit for Seniors
Article Source: Ontario Ministry of Finance
The Healthy Homes Renovation Tax Credit is a new 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.
What expenses qualify?
Some examples of eligible expenses include:
certain renovations to permit a first-floor occupancy or secondary suite for a senior
grab bars and related reinforcements around the toilet, tub and shower
handrails in corridors
wheelchair ramps, stair/wheelchair lifts and elevators
widening passage doors
lowering existing counters/cupboards
installing adjustable counters/cupboards
light switches and electrical outlets placed in accessible locations
door locks that are easy to operate
lever handles on doors and taps, instead of knobs
pull-out shelves under counter to enable work from a seated position
non-slip flooring in the bathroom
a hand-held shower on an adjustable rod or high-low mounting brackets
additional light fixtures throughout the home and exterior entrances
swing clear hinges on doors to widen doorways
creation of knee space under the basin to enable use from a seated position (and insulation of any hot-water pipes)
relocation of tap to front or side for easier access
touch-and-release drawers and cupboards
automatic garage door openers
Healthy Home Renovation Check
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