The Home Accessibility Tax Credit is a non-refundable federal tax credit of 15%, for expenditures made to a maximum of $10,000 on home renovations made to an eligible dwelling that improve accessibility, mobility or security for a senior or a person with disabilities.
Do keep all supporting documents and receipts as Canada Revenue Agency may ask for review to validate amount claimed. Details of the tax credit and its eligibility click here.
It appears the same expenditures may also qualify as medical expenses if they qualify.
And for BC residents … you’ll probably also benefit from the provincial Home Renovations Tax Credit of 10% for the same expenditures, as mentioned in my earlier blog from November, 2016.
Truly a rare occurrence on spending where you may potentially have a triple win from the taxman!