Ontario proposes new Healthy Homes Renovation Tax Credit
Monday, December 19, 2011
Healthy Homes Renovation Tax Credit – promotes home accessibility for seniors
The Ontario government is proposing a Healthy Homes Renovation Tax Credit which aims to make it more affordable for seniors to renovate their homes with modifications that improve their safety and overall comfort.
The credit would offer senior homeowners and tenants, as well as people who share their home with a senior relative, up to $1,500 annually to make eligible retrofits that improve safety and mobility in their home. If passed, the tax credit will be retroactive to October 1, 2011 and will cover various improvements such as installing stair lifts, walk-in bathtubs, ramps, etc.
For more information about eligible expenses and devices, process for claiming benefit, etc. click here.
Occupational therapists should monitor policy developments in this area as they affect senior clients and potential business opportunities to support environmental and home assessment and consultation for modifications!