Helping Seniors Live Independently
McGuinty Government's Proposed Tax Credit Would Boost Economy, Create Jobs
Ontario is moving forward with a new tax credit that would create and support thousands of jobs as it helps seniors to make changes that allow them to live safely and more independently at home.
Premier Dalton McGuinty was at Motion Specialties in Toronto today, a company that sells stair lifts, accessible showers and other devices for people with mobility challenges. The Premier met with employees and spoke about his government's proposed Healthy Homes Renovation Tax Credit.
The credit, worth up to $1,500 each year, would be available to senior homeowners and tenants, and people who share a home with a senior relative. It would support about $800 million in home renovation activity and around 10,500 jobs every year.
Helping seniors live independently for longer allows them to choose to stay in their own home if that's what they want, while also making spaces available for those who need long-term care - all while boosting the economy and creating much-needed jobs.
- Eligible improvements would include renovations that help a senior move more easily around their home like handrails, ramps, elevators and walk-in bathtubs.
- Motion Specialties offers educational seminars to help people make their homes safer including "Home Assessment 101."
“This credit would not only help improve the quality of life of our seniors, it would also give our economy a much needed boost. We're living through uncertain economic times and it's going to take all of us, working together, to respond with smart, affordable initiatives that improve the lives of Ontarians and keep our economy moving forward.”