Home Accessibility Tax Credit (HATC)

The Home Accessibility Tax Credit (HATC) is a non-refundable tax credit designed to assist individuals, particularly seniors, with the costs of making their homes more accessible. Here are the key points:

• Eligible Expenses: You can claim up to $20,000 in eligible renovation expenses, with a tax credit rate of 15%, providing a maximum benefit of $3,000 per year.

• Qualifying Individuals: The credit is available for qualifying expenses incurred for work performed or goods acquired in respect of a qualifying renovation of an eligible dwelling.

• Claiming the Credit: To claim the HATC, you must complete the appropriate forms and provide documentation of the expenses incurred.

• Eligibility: The credit is particularly aimed at seniors and individuals with disabilities, helping them to make their homes safer and more accessible.

  
  For more detailed information, you can refer to the official Canada Revenue Agency website. Click Here to be redirected to www.canada.ca