Ontario Seniors get 10K Tax Credit for Renovations
Ontario Senior $1500 renovation tax incentive
Healthy Homes Renovation Tax Credit
Ten thousand dollars in Tax credit will be available for Ontario seniors to renovate and improve accessibility. The Ontario government bill passed in the minority legislature by a vote of 68 to 36.
This was promised to seniors in Ontario by Premier McGuinty during the election campaign. “The tax credit is worth up to $10,000 in eligible home renovation expenses and $1,500 each year, or 15 per cent” Navtaj Chandhoke, founder of World Wealth Builders, a Canadian Real Estate investment training educational and mentoring center in Toronto, Ontario.
The wheelchair ramps, elevators, non-slip bathroom flooring, hands-free taps, automatic garage door owners and motion-activated lighting qualify for this tax credit including grab bars, walk-in bathtubs, Home security and housekeeping, regular house repairs and wheelchairs/