What is it?
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 $1500 each year, calculated as 15 per cent of up to $10,000 in eligible expenses per year.
You are eligible if you are a:
senior (65 years of age or older by the end of the taxation year for which the credit is claimed) who owns or rents your home, or
a non-senior who is living with a family member who is a senior.
What expenses qualify?
Examples of eligible expenses can be found at Healthy Homes Renovation Tax Credit
What expenses do not qualify?
Expenses are ineligible if their primary purpose is to increase the value of the home or if they are for annual, recurring or routine repair maintenance or service.
Devices are not eligible. Services are not eligible.
How do I claim the credit?
Seniors or people living with a senior family member can claim the tax credit on their annual Personal Income Tax return, beginning with the 2012 tax return.
What is the eligible time period?
For the 2012 tax year, the $10,000 maximum applies to expenses paid or payable from October 1, 2011 to December 31, 2012.
For 2013 and all subsequent years, the maximum applies to expenses paid or payable from January 1 to December 31 of the year.
For information about the Healthy Homes Renovation Tax Credit call 1 866 668-8297 or 1 800 263-7776 for teletypewriter or visit healthyhomes