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Healthy Homes Tax Credit (Ontario)

In 2012 the Ontario government created something called the “Healthy Homes Tax Credit” for seniors to assist them financially in making their home safer for them.

The website for this benefit details the following (info is a direct quote):

About the credit

The Healthy Homes Renovation Tax Credit is a permanent, 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.

Do I qualify?

To qualify for the credit, you need to be:

·       65 years old or older by the end of the year for which you are claiming the credit; or

·       living with a family member who is a senior

Your income doesn’t matter — seniors and their family members at all income levels are eligible.

Family members

If you are living with a senior relative in your home, you could qualify for a total tax credit of up to $1,500 every year, regardless of income.

How do I get the credit?

You have to claim your total expenses on your personal income tax return. To do this, you will have to complete Schedule ON(S12) of your tax return and put the amount you spent on eligible renovations next to box 6311 on form ON479.  

For tax years 2013 and after: each year, you can claim expenses related to work billed for in that year.”

Information quoted from http://www.ontario.ca/taxes-and-benefits/healthy-homes-renovation-tax-credit . For more information you can visit the above website or call 1-866-668-8297.

Esther Goldstein, B.Sc., B.S.W., RSW
Website

Disclaimer: The information provided in this article is offered for general informational and educational purposes only. Opinions expressed are those of the writer and not necessarily Senioropolis.com. In no way are any of the materials presented meant to be a substitute for professional advice nor should it be construed as such.  Senioropolis Inc. has endeavoured to ensure the completeness and accuracy of the information contained on this website. However, neither it nor the administrator of the site assumes liability whatsoever for any errors or omissions, nor guarantees the accuracy, of the information herein.

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