Home accessibility tax credit

The 2015 federal budget proposed a new non-refundable tax credit of 15% on up to $10,000 of eligible home renovation expenditures per qualifying individual, per eligible dwelling. The eligible expenses must be for work performed and paid for and/or goods acquired after 2016, and be supported by receipts. This credit will not be reduced by other tax credits (e.g. medical expense tax credit) or government grants received. However, expenses reimbursed from non-government sources are not eligible.

Generally the expenditures must be incurred to improve accessibility of a qualifying individual’s principal residence, for that individual. Qualifying individuals include seniors (age 65 and older at the end of the year) and individuals eligible for the disability tax credit.

Examples of eligible expenses include costs relating to walk-in bathtubs, wheel-in showers and wheelchair ramps.

In addition to the qualifying individual, eligible individuals may also claim the credit. Eligible individuals include individuals who have or could have claimed (subject to certain conditions) one of the following amounts in respect of a qualifying individual: spouse amount, eligible dependant amount, caregiver amount or infirm dependant amount.