Government Relations

Ontario government introduces ‘Healthy Home Renovation Tax Credit’

OREA has written the Minister of Finance, the Honourable Dwight Duncan, in support of the provincial government’s plan to implement a Healthy Home Renovation Tax Credit (HHRTC). Homeowners will qualify for a tax credit when they undertake a home retrofit for accessibility purposes.

As part of OREA’s “Home Ownership Matters” REALTORS® are advocating in support of a permanent home renovation tax rebate. The HHRTC is a targeted tax measure that, in her letter to the Finance Minister, OREA President Barb Sukkau described as, “a fiscally responsible good first step.”

The HHRTC would be worth up to $1,500 each year, calculated as 15 per cent of up to $10,000 in eligible home renovation expenses that would help seniors stay safely in their homes. It could be claimed by senior homeowners and tenants, and people who share a home with a senior relative.

Examples of eligible renovations include:

  • Walk-in bathtubs
  • Wheel-in showers
  • Widening passage doors
  • Lowering existing counters/cupboards

For more information, click here.

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