Healthy Homes Renovation Tax Credit
The Healthy Homes Renovation Tax Credit is a refundable personal income tax credit for seniors and family members who live with them. If you qualify, you can claim up to $10,000 worth of eligible home improvements on your tax return. The amount of money you get back for these expenses is calculated as 15 per cent of the eligible expenses you claim. For example, if you spend and then claim $10,000 worth of eligible expenses, you could get $1,500 back.
The Healthy Homes Renovation Tax Credit can help with the costs of improving safety and accessibility in your home.
Medical and assistive devices are eligible for an HST credit or exemption, although some items (e.g., lift chairs and eyeglasses) require a written prescription from a medical practitioner. You can also claim medical expenses on your province tax return.
- Federally, you can claim eligible medical expenses you paid in a calendar year totaling 3% of your net income or $2,208, whichever is less. Visit the Canada Revenue Agency website for further information.
- The amount you can claim on your provincial/territory tax return will differ depending on the province/territory. For more information on provincial/territory claims, visit the Canada Revenue Agency website.
- Ontario Seniors’ Home Safety Tax Credit (PDF). Get up to $2,500 in tax credits when you buy in 2022.
Available National Funding Options in Ontario
National funding and financial assistance are available to people with various disabilities who wish to purchase equipment that will help them live more independent lives. While coverage and eligibility requirements may differ between programs, all programs are designed to help the disabled. In addition to this, most provinces offer programs to help seniors and people with disabilities by providing services and financial support to purchase mobility aids and other medical devices to assist with various daily living tasks. Some of the programs available are: