Seniors & Healthy Homes – Home Renovation Credits

There are three provinces in Canada that offer seniors or healthy homes tax credits: British Columbia, Ontario, and New Brunswick. Click the link below to learn more about the credit that applies to you:

 

British Columbia Seniors Home Renovation Tax Credit

The British Columbia government says ….

The credit can be shared between eligible residents of the home to a maximum amount of the credit. The maximum amount of the credit is $1,000 per tax year and is calculated as 10% of the qualifying renovation expense (maximum $10,000 in expenses). The credit is a refundable tax credit, which means if the credit is higher than the taxes you owe, you’ll receive the difference as a refund.

If you or a family member who lives with you in your principal residence is over 65 years of age, and if you renovated your principal residence (including a non-seasonal mobile home) to improve accessibility, functionality, or mobility for yourself or for the senior living with you, you are eligible to claim this refundable tax credit. This credit is only available to residents of British Columbia.

Where do I claim this?

Follow these steps in H&R Block’s tax software to file your 2015 taxes:

Important: Before you begin, ensure that you told us that you lived in BRITISH COLUMBIA on December 31st of the 2015 tax year, in H&R Block’s tax software. To do this:

  1. Click the HOME tab.
  2. Click the ABOUT YOU icon and click the Your residence link. You will find yourself here:

Once you have confirmed your residence location, claim your British Columbia seniors’ home renovation tax credit by following these steps:

  1. Click the PREPARE tab.
  2. Click the OTHER icon. You will find yourself here:
  3. Under the OTHER DEDUCTIONS heading, click the checkbox labelled British Columbia seniors’ home renovation tax credit.
  4. Click Continue.

When you arrive at the appropriate page for the British Columbia seniors’ home renovation tax credit, enter your information into the tax software.

Where can I learn more?

 

Ontario Healthy Homes Renovation Tax Credit

The Ontario Healthy Homes Renovation tax credit is a refundable tax credit for taxpayers who are over the age of 65 years or who live with someone who is over the age of 65, who live in Ontario, and who have eligible home or land renovation expenses.

Canada Revenue Agency (CRA) says…..

You may be eligible for this credit if, at the end of 2015:

  • you were a resident of Ontario;
  • you were a senior (65 years of age or older) or a non-senior living with or expecting to live with a family member who is a senior; and;
  • you, or someone on your behalf, paid or incurred eligible expenses in 2015 for improvements to your principal residence or the land on which your principal residence is situated.

The combined amount that you and your spouse or common-law partner can claim cannot be more than $10,000.

 

Where do I claim this?

Follow these steps in H&R Block’s tax software to file your 2015 taxes:

Important: Before you begin, ensure that you told us that you lived in ONTARIO on December 31st of the 2015 tax year, in H&R Block’s tax software. To do this:

  1. Click the HOME tab.
  2. Click the ABOUT YOU icon and click the Your residence link. You will find yourself here:

Once you have confirmed your residence location, claim your Ontario healthy homes renovation tax credit by following these steps:

  1. Click the PREPARE tab.
  2. Click the OTHER icon. You will find yourself here:
  3. Under the OTHER DEDUCTIONS heading, click the checkbox labelled Ontario healthy homes renovation tax credit (Schedule ON(S12)).
  4. Click Continue.

When you arrive at the appropriate page for the Ontario healthy homes renovation tax credit, enter your information into the tax software.

 

Where can I learn more?

 

 

New Brunswick Seniors’ Home Renovation Tax Credit

The New Brunswick Seniors’ Home Renovation Tax Credit is new for the 2015 tax year. It is a refundable credit for seniors 65 years or older to help with costs incurred in making their home safer and more accessible. Seniors and their family members are eligible regardless of income level.

For 2015, you can claim expenses related to work billed for between January 1st and December 31st, 2015. For subsequent tax years you can claim expenses relating to work paid for or billed in that year.

You can claim up to $10,000 in eligible home improvements and get a total tax credit of $1,000 by completing NB Schedule 12.

You are eligible to claim the credit for the year if the following conditions are met:

  • You are a resident of New Brunswick on December 31;
  • You are a senior 65 years or older or a family member living with a senior;
  • The renovation is for the home you primarily live in.

The renovation must help a senior by improving accessibility and mobility in the home or land, as well as reduce any risk or harm within the home.

New Brunswick government says

If you do the work yourself or have a friend or family member do it for you free of charge, you can still claim the amount you spent on materials for the modification, but not the cost of labour.

Some examples of eligible expenses include:

  • certain renovations to permit a first-floor occupancy or secondary suite for a senior
  • grab bars and related reinforcements around the toilet, tub and shower
  • handrails in corridors
  • wheelchair ramps, stair/wheelchair lifts and elevators
  • walk-in bathtubs
  • wheel-in showers
  • comfort height toilets

 

Where do I claim this?

Follow these steps in H&R Block’s tax software to file your 2015 taxes:

Important: Before you begin, ensure that you told us that you lived in NEW BRUNSWICK on December 31st of the 2015 tax year, in H&R Block’s tax software. To do this:

  1. Click the HOME tab.
  2. Click the ABOUT YOU icon and click the Your residence link. You will find yourself here:

Once you have confirmed your residence location, claim your New Brunswick seniors’ home renovation tax credit by following these steps:

  1. Click the PREPARE tab.
  2. Click the OTHER icon. You will find yourself here:
  3. Under the OTHER DEDUCTIONS heading, click the checkbox labelled New Brunswick seniors’ home renovation tax credit (Schedule NB(S12)).
  4. Click Continue.

When you arrive at the appropriate page for the New Brunswick seniors’ home renovation tax credit, enter your information into the tax software.

 

Where can I learn more?