Home Renovation Tax Credit For Seniors

Home Renovation Tax Credit For Seniors

If you’re 65 or older and you’ve made permanent improvements to your home to make it more “senior friendly” you may qualify for a tax credit! Senior friendly improvements are things that are specifically designed for safety and accessibility for seniors, so things like replacing the furnace, or the roof would not qualify under this tax credit. Qualifying improvements are things like adding a ramp to the front entrance, non-slip flooring in the bathroom, special door handles for ease of opening, or those machines that take people up and down stairs while they sit!

Either you yourself must be 65 or older, or you must live with someone who is that age to qualify. This credit does not in any way depend on your income level and you can claim it whether you own your home or you rent your home! The maximum amount one can claim is $10,000 and the amount of the credit is 10% so if you claim the maximum amount of $10,000, you would receive $1000 back. And just like the rest of your tax paper, you don’t have to submit your receipts, but it’s always a good idea to have them handy in case the CRA asks to have them sent in to be verified!

For more information on the BC Seniors Home Renovation Tax Credit, click here.

The following are all qualifying improvements

  • non-slip flooring in the bathroom
  • installing a hand-held shower
  • door locks that are easy to operate
  • certain renovations to permit a first-floor occupancy or secondary suite for a senior
  • grab bars and related reinforcements around the toilet, tub and shower
  • handrails in corridors
  • wheelchair ramps, stair/wheelchair lifts and elevators
  • walk-in bathtubs
  • wheel-in showers
  • widening passage doors
  • lowering existing counters/cupboards
  • installing adjustable counters/cupboards
  • light switches and electrical outlets placed in accessible locations
  • lever handles on doors and taps, instead of knobs
  • pull-out shelves under a counter to enable work from
  • a seated position
  • additional light fixtures throughout the home and exterior entrances
  • swing clear hinges on doors to widen doorways
  • touch-and-release drawers and cupboards

Examples of improvements that do NOT qualify

  • roof repairs
  • installing a new furnace or air conditioning system
  • new windows or regular flooring
  • aesthetic enhancements like landscaping

photo credit: Philip Ed via photopin cc

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