Ont. seniors to soon get home accessibility renovations tax credit
In a Monday, June 25, 2012 photo, James Frey, right, and William Morels, both with 1st Impressions Lawn & Excavating Services, mix cement to set handrails on the new entrance/exit ramps on the south side of the Daviess County Courthouse in Owensboro. (AP Photo/The Messenger-Inquirer, Jenny Sevcik)
Published Tuesday, October 2, 2012 12:22PM EDT
TORONTO -- Ontario seniors will soon be able to get a tax credit for making renovations to their home that will improve accessibility.
The government bill passed in the minority legislature Tuesday by a vote of 68 to 36, with the help of the New Democrats.
It was a promise Premier Dalton McGuinty made a year ago during the last election campaign.
The tax credit is worth up to $1,500 each year, or 15 per cent of up to $10,000 in eligible home renovation expenses.
They include wheelchair ramps, grab bars in the bathroom, handrails and renovations that will allow seniors to live on the first floor of their home.
It can be claimed by senior homeowners, tenants and people who share a home with a relative who's a senior.