Home Accessibility Tax Credit (HATC)

If you are 65 years of age or older or are eligible to claim the disability tax credit and are planning on renovating your home in order to improve accessibility within your home, you may want to consider holding off until 2016. For 2016 and subsequent tax years, there will be a non-refundable tax credit for qualifying expenses incurred for work performed or goods acquired in a qualifying renovation. The non-refundable tax credit is calculated as the total of the qualifying expenses up to a maximum of $10,000 per year, resulting in a maximum non-refundable tax credit of $1,500.

Please don’t hesitate to contact us if you have any questions in regards to whether you may be a qualifying individual and whether the expenses incurred may be eligible for this tax credit.