As the years slide by and we get up there in age, some may be looking for ways to upgrade their homes so they may stay in them longer. If this is you then this tax credit may be of interest. Please see the overview and link below for more information.
Stay safe, and stay healthy.
Overview
From Government Ontario – www.ontario.ca
The Seniors’ Home Safety Tax Credit is a temporary, refundable personal income tax credit that can help you make your home safer and more accessible, helping you stay in your home longer.
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.
Expenses must be paid or payable in 2021 and 2022. The maximum credit is $2,500 per year.