Inspired Healthcare Solutions
The Healthy Homes Renovation Tax Credit is a new permanent, refundable personal income tax credit to assist with the cost of home modifications that improve accessibility or help a senior be more functional at home. The credit, worth up to $1,500 each year, is calculated as 15% of up to $10,000 in eligible home renovation expenses. It can be claimed by senior homeowners and tenants, as well as those who share a home with a senior relative.
What Expenses are Elligible?
Am I eligible?
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 son, daughter or other family member living with an elderly relative. A landlord renting a home to a senior would not be eligible for the credit.
How can I claim the credit?
Seniors or family members living with a senior can claim the tax credit on their annual Personal Income Tax return, beginning with the 2012 tax return.
What is the eligible period?
For more information about the Healthy Homes Renovation Tax Credit, visit www.rev.gov.on.ca/en/credit/hhrtc/index.html , call 1-800-337-7222 or 1-800-263-7776 for teletypewriter or ask us. We’ll show you many products that are eligible for the tax credit and that will improve your safety and independence while keeping you in your home longer.