The Government of Ontario is offering a temporary, refundable personal income tax credit that can help you make your home safer and more accessible, helping you age-in-place. The credit is available for the 2021 and 2022 tax years and is worth 25% of up to $10,000 in eligible expenses per year for a senior’s principal residence in Ontario.
To be eligible for this Tax Credit you must:
- be 65 or older by the end of the year, or
- live with a senior relative, or
- will live with a senior relative within 24 months after the end of the year.
Elevators are one of the items that are covered under this special Tax Credit. Be sure to take advantage before the year runs out. You can speak to one of our home elevator specialists if you require more information.
Click on the here for all of the details.