The Federal Government of Canada announced new budget proposal items on April 21st and opened up a new support mechanism for helping support home accessibility and aging in place.
The government is proposing a new, non-refundable home accessibility tax credit for seniors and persons with disabilities that will provide tax relief of 15 per cent, up to $10,000 of eligible expenditures per calendar year, per individual, to a maximum of $10,000 per dwelling.
The credit could be claimed on costs incurred to renovate or alter a home in order to provide better access to it or greater mobility inside, such as wheelchair ramps and stairlifts as well as vertical platform lifts or even home elevators, if they are intended to help the mobility challenged.