Make your home safer and more accessible with the Seniors’ Home Safety Tax Credit

Beginning In 2021, the Ontario government has announced a new tax credit and it has been extended until December 31, 2022. This tax credit will help seniors to stay in their homes longer by making their existing home safer and more accessible.

Who is Eligible?

• Seniors in Ontario who will be 65 or older by the end of the year
• Individuals living with a senior relative
• Individuals who will be living with a senior relative within 24 months after the end of the year

What does this tax credit cover?

Items such as…

• Wheelchair lifts, wheelchair ramps, stair lifts
• Comfort height toilets
• Handrails
• Grab bars
• Walk-in bathtubs
• Many more…

What will you receive?

The Seniors’ Home Safety Tax Credit is worth 25% of up to $10,000 in eligible expenses for a senior’s main residence in Ontario, up to a maximum credit of $2,500.

For example, Sue and Jim are a senior couple. In 2021, they complete and together pay $10,000 to add accessibility upgrades to their home such as a stair lift, grab bars, hand rails, etc. Jim and Sue decide to divide the benefit between them. Sue will claim $7,500 on her 2021 personal income tax return and receive a Seniors’ Home Safety Tax Credit of $1,875. Jim will claim the remaining $2,500 of the renovation cost and receive a credit of $625.