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Filing Your Return -> Home Renovation and Home Accessibility Tax CreditsHome Renovation and Home Accessibility Tax Credits - Federal and ProvincialHome renovation tax credits allow homeowners a tax credit for eligible renovation costs. Some of these credits are non-refundable, so the tax credit can only be used to reduce taxes owing in the current taxation year. When a tax credit is refundable, if the amount exceeds the tax otherwise payable in the year, a refund will be issued. Federal Home Renovation Tax CreditsFederal Home Accessibility Tax Credit (HATC) for Seniors and Persons With Disabilities - Non-Refundable - available for 2016 and later taxation years Federal Home Renovation Tax Credit
(HRTC) - no longer available, was only available
for the 2009 taxation year/p>
The following articles discuss the provincial home renovation
tax credits: BC Home Renovation Tax Credit
for Seniors and Persons With Disabilities - Refundable New Brunswick Seniors' Home Renovation Tax Credit
- Refundable Ontario
Seniors' Home Safety Tax Credit - Refundable - for 2021 only Ontario Healthy Homes Renovation Tax Credit
for Seniors - Refundable - was available for 2012 to 2016 tax years Quebec Refundable Tax Credit for Eco-Friendly Home Renovation
(EcoRenov) - was available for 2013 & 2014 tax years See also: First Time
Homebuyers' Tax Credits Make sure you have the documentation you need to support
your HRTC claim. The type and quantity of goods purchased or services
provided must be clearly identified on any agreements, invoices and
receipts. Required information includes, but is not limited to:
See also - links to all information on TaxTips.ca related to persons with disabilities. Revised: November 06, 2020 |
Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved. See Reproduction of information from TaxTips.ca Facebook
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