A non-refundable tax credit was announced in the 2015 federal budget equal to 15% on up to $10,000 of qualifying expenditures for home renovations to an eligible dwelling that improve accessibility, safety, or security for a qualifying individual.
Who qualifies for the Home Accessibility Tax Credit?
A qualifying individual is a senior (age 65 and older at the end of the year) or a person eligible to claim the Disability Tax Credit at any time in the taxation year.
For more information on the Disability Tax Credit click HERE.
Where a qualifying individual resides with a family member, the credit may be available to the family member.
Posted in Tax Tips for 2016 Tax Year
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