Ontario Government unveils a new tax credit for seniors


THUNDER BAY – “In times of slower economic growth, it’s going to take all of us, working together to ensure our families are taken care of while we keep our economy moving forward”, stated Dalton McGuinty. The Premier made the comments as the Ontario Government unveiled a new tax credit that will allow seniors to stay in their homes.

“This credit would not only help our seniors live independently longer — it would also create jobs across the province and help build a stronger future,” added the Premier.

government’s proposed Healthy Homes Renovation Tax Credit. The credit would make it more affordable for seniors to install lifts and make other improvements to help them stay in their homes more safely and comfortably.

The credit would also create jobs by creating additional demand in the construction sector and for products that improve mobility around the home. It would support about $800 million in home renovation activity and around 10,500 jobs every year. The credit would be effective October 1, 2011 and would apply for the instalation of stair lifts, walk-in bathtubs and ramps.

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