The passage of the Healthy Homes Renovation Tax Credit Act will allow Ontario's seniors to renovate their homes so they can live in them safely and independently longer.
Seniors who own or rent homes, and people who share a home with a senior relative will be able to receive the new tax credit worth up to $1,500 each year. The credit will make it more affordable to complete home renovations and installations to help seniors stay in their homes more safely and comfortably, and prevent falls and injuries.
The Healthy Homes Renovation Tax Credit will improve seniors' quality of life at home and help reduce pressures on more costly hospital and long-term care services.
Helping seniors live independently at home longer supports the McGuinty government's Seniors Care Strategy and is part of its Action Plan for Health Care to help ensure Ontario's seniors get the right care, at the right time and in the right place.