Ontario -> Personal Tax Credits -> Healthy Homes Renovation Tax Credit
Ontario Healthy Homes Renovation Tax Credit - Refundable
Ontario Taxation Act, 2007 s. 103.1.1
The Ontario government introduced a Healthy Homes Renovation Tax Credit which is applicable to eligible expenditures made on or after October 1, 2011. The first taxation year affected was the 2012 tax year. The Ontario 2016 Budget indicated that 2016 is the last taxation year that this tax credit will be available.
This refundable tax credit is available to senior (65 or over) homeowners and tenants, and people who share a home with a senior relative. In order to be eligible, expenses must improve accessibility or help a senior be more functional or mobile at home. The expenses can be for a renovation or alteration of a residence or of the land on which the residence is situated. The residence must be a qualifying principal residence.
A qualifying principal residence of an individual is a residence located in Ontario:
The credit is claimed on the personal tax return. The maximum credit each year is $1,500, which is calculated as 15% of the maximum eligible expenditures of $10,000. For the 2012 tax year, the $10,000 maximum applied to expenses paid or payable from October 1, 2011 to December 31, 2012, which were claimed on the 2012 tax return. To claim the credit, receipts from suppliers and contractors are required.
If an eligible Healthy Homes expense also qualifies as a medical expense, you can claim both the Healthy Homes Renovation Tax Credit and the medical expense tax credit for the same expense.
Tax Tip: Retain your receipts for expenses which are eligible for the Healthy Homes Renovation Tax Credit.
Revised: October 11, 2017
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