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Home Modification Financial Programs

Province: ON

For those who know that they require some home modifications to assist with safety or functioning, there are a couple of financial programs in place that may be of interest. For seniors who are home owners with low to moderate income who require modifications to improve accessibility in their home (i.e. ramps, handrails, chair lifts, etc.), funding (in the form of grants) may be possible through The Ontario Renovates - Home Adaptations for Independence Program. Applications are available and money is administered, through regional/municipal housing departments. For details, eligibility guidelines and applications visit your city’s website and look under the housing category, or search their website for the Ontario Renovates Program. General information about this program and Aging in Place/Accessible Home Modification suggestions can be found at www.cmhc-schl.gc.ca.

A second program by the Ontario Government that is not income-based, is the Healthy Homes Renovation Tax Credit whereby a senior (or a family member who lives with a senior) who does home improvements for the purpose of safety and/or accessibility can claim up to $10,000.00 on their annual tax return with the benefit of getting up to 15% of the claim amount back.  For more information on eligible expenses and details of the program call 1 (866) 668-8297 or visit www.ontario.ca/page/healthy-homes-renovation-tax-credit.


Excerpted from: The Comprehensive Guide to Retirement Living - 21st Edition

Esther Goldstein, B.Sc., B.S.W., RSW


 

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