Ontarians can make their homes safer and more accessible with the help of this new tax credit in 2021 & 2022. The Ontario Government has announced that beginning in 2021 a new tax credit has been introduced and will be extended to December 31, 2022 to help seniors make their homes safer and more accessible so they can remain in their own homes longer. Eligibility This tax credit will help support: Ontario seniors who are 65 by the end of 2021 & 2022People who live with senior relatives in Ontario Eligible expenses must be paid or be payable in 2021 & 2022 for items such as: Grab bars & related reinforcements for the toilet, bathtub & showerWheelchair rampsStairliftsRenovations to permit first-floor occupancy or a secondary suite for a senior What you’ll get The Seniors’ Home Safety Tax Credit is worth 25% of up to $10,000 in eligible expenses for a senior’s principal residence in Ontario. The maximum credit is $2,500. Example: A senior couple invests $10,000 to add a stairlift to their home. To divide the benefit between them, one will claim $7,500 on their 2021 personal income tax return and receive a credit of $1,875 and the other will claim the remaining $2,500 of the stairlift cost and receive a credit of $625. For more information about this program contact us today Get to know the writer Motion, Make life accessible Motion is Canada’s leading provider of mobility & home accessibility solutions for a wide variety of clients from children to elderly adults. Products include wheelchairs, walkers, scooters, stairlifts, ceiling lifts, & beds.
View Motion, Make life accessible Safe at Home: Home accessibility products & solutions Helping seniors stay independent, mobile and safe in their own homes longer. Learn more View Motion, Make life accessible Our COVID-19 Response Plan We are taking all reasonable precautions to ensure the ongoing health and safety of our clients, partners and employees during the COVID-19 pandemic. Learn more View Motion, Make life accessible How our team is adapting to the pandemic Continuing our care with additional health and safety protocols to keep our clients, partners & employees safe. Learn more Previous Next