Ontario Senior $1500 renovation tax incentive. Healthy Homes Renovation Tax Credit
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/
Tax Credit for Renovations
WorldWealthBuilders.com have a list of Canadian grants, tax credits and rebates for Real Estate. Canadian Real Estate investors can take advantage of these programs for their Canadian Real Estate investments.
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