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 & 2022
• People 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 & shower
• Wheelchair ramps
• Stairlifts
• Renovations 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.