A home renovation tax credit is a government incentive that allows homeowners to receive a tax reduction or rebate for expenses related to renovating or improving their primary residence.
Tips & Links
A home renovation tax credit is a government incentive that allows homeowners to receive a tax reduction or rebate for expenses related to renovating or improving their primary residence.
Tips & Links
The home renovation tax benefit/credit is for seniors over 65 and/or persons with disabilities to help offset the cost of home renovations to make the home accessible and safe.
Learn More
- The Home Renovation Tax Benefit is available for seniors and persons with disabilities. Learn what renovations and modifications qualify for the tax benefit and how to apply from the Government of BC.
- The home renovation tax benefit can reduce the amount of income tax you pay. The maximum amount of the credit is $1,000 per tax year.
- 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.
- Learn strategies to support senior’s aging in their homes from the Government of BC.
- Learn how to get a free home safety assessment, for people of all ages, from the Government of BC.
- Know that the health care professional who conducts home safety assessments usually provides a list of recommended equipment and home modifications.
- Learn about the Right Fit program, facilitated by Disability Alliance BC (DABC), which supports individuals of all ages who require wheelchairs for mobility by helping them find housing and determine their support needs, including home support, equipment, and assistive technology. For more information, visit Disability Alliance BC.
Things You Can Do
- Get a free home safety assessment to create your list of home modifications to make your home safer and more accessible.
- Review the fall prevention checklist developed by the Healthlink BC.
- Explore ways to pay for any home modifications and equipment needed. BC Housing offers information on rebates for accessible home adaptation.
- Know that seniors aging in place and people with disabilities can access tax credits and other programs to offset the cost of home modifications such as property tax deferment, and home owners grants.
- Explore Ability 411 for recommendations of mobility aids/devices, free loan programs,and financial assistance across Canada.
Review the Mywell Health activities and tools called Changes in My Personal Needs and Understanding My Financial-Situation.