Ontario Supporting Seniors with Seniors Home Safety Tax CreditPublished on December 16, 2021
The Ontario government is helping seniors stay in their homes longer by proposing to extend the Seniors’ Home Safety Tax Credit by one year, to 2022.
The Seniors’ Home Safety Tax Credit is a refundable credit worth 25 per cent of up to $10,000 per household in eligible expenses, to a maximum of $2,500. It can be shared by people who live together, including spouses and common law partners.
The extension would assist seniors, or those living with senior relatives, to renovate their homes to make them safer and more accessible.
Ontario is empowering seniors with the choice to live in their homes and remain in their community as long as they choose.
Providing affordable-based tax savings for renovations would give seniors and their families real help for seniors to stay in their homes longer.
The government continues to make the necessary investments to build Ontario and protect the progress we’ve made against COVID-19.
We know that seniors would prefer to stay in their homes, where they are the most comfortable. That’s why we are pleased to bring forward this plan to give them extra time to benefit from this tax credit.
The government is proud to give back to Ontario seniors who have worked hard to build our province.