Home Accessibility Tax Credit
Expenditures must be on work of an enduring nature and integral to the building before they are eligible for the home accessibility tax credit.
Amounts that CANNOT be claimed include:
- Costs incurred to improve or maintain the value of the residence;
- Repairs and maintenance;
- Appliances and audio-visual equipment; or
- Goods or services provided by non-arm’s length person.
Qualifying expenditures must be those that enable the individual to gain access, to be more mobile, or to be more functional within a dwelling. Expenditures on items that reduce the risk of harm also qualify.
These expenses may also be claimed as a medical expense and as part of the Ontario Healthy Homes Renovation Tax Credit.
Disclaimer: Articles are for general information only and do not constitute tax advice. They cannot be relied upon.
Sam Faris is a Toronto-based Chartered Professional Accountant who practices as an independent consultant on high-level Canadian tax matters and handling disputes with CRA.He also published an article recently in the business magazine: HERE.