Bruce-Grey-Owen Sound MPP Bill Walker says a proposed tax credit for seniors would help them stay in their homes longer.
The proposed Seniors’ Home Safety Tax Credit for 2021 would provide a 25 per cent credit on eligible renovations of up to $10,000 to make their homes safer and more accessible.
Walker says this is especially important for Bruce-Grey-Owen Sound, which has a higher-than-average population of senior citizens.
The Province announced the funding Friday as part of what it has dubbed, “Ontario’s Action Plan: Protect, Support, Recover.”
Walker says, “Our government recognizes the contribution seniors have made to our communities, our province and our country,” adding, “We are helping keep our seniors safe during the pandemic and providing a diverse range of programs each day promoting wellness, social interaction in a safe manner and education to help them stay active, independent and engaged. This is especially important to us here in Bruce-Grey-Owen Sound where we have a high population of senior citizens.”
The proposed personal income tax credit would support seniors regardless of their income and whether they owe income tax for 2021.
Walker’s office says, for example, an Ontario senior or family members living with a senior would receive a maximum of $2,500 back for a $10,000 renovation to make their home safer.
Examples include grab bars and related reinforcements around the toilet, tub and shower, wheelchair ramps, stair lifts and elevators. The tax credit would also be available for renovations to permit first floor occupancy or a secondary suite for a senior.
Meanwhile, Ontario Finance Minister Rod Philips points out, “COVID-19 has reminded us all that our homes are a special place where we should be safe. But for many seniors, making their homes safe and accessible requires expensive improvements.”
Thank you Ontario Home Health + Mackhall Mobility for joining us at today’s announcement about our government’s plan to give #seniors a Home Safety Tax Credit.
This will help seniors across Bruce-Grey-Owen Sound make their home safer + more accessible:https://t.co/kbVnw6I0dV https://t.co/sn47IhTHbU pic.twitter.com/UqOhrRPiln
— Bill Walker, MPP (@billwalkermpp) November 14, 2020