For many seniors, the decision to move out of their homes and into a long-term care facility is not one they want to make.
If given the choice, many of them would prefer to live at home longer, but the reality is that their home is not safe enough for them to live there independently.
The McGuinty government is taking action to help seniors who want to stay at home, and creating and supporting thousands of jobs in the process.
Our government has introduced the Healthy Homes Renovation Tax Credit, which has passed Second Reading in the Legislature despite the Official Opposition having voted against it, and is currently still under debate.
If passed, the Healthy Homes Renovation Tax Credit would make it easier for seniors to live comfortably in their homes longer and would benefit taxpayers by reducing pressures on long-term care home costs.
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. Home improvements like ramps and lifts made on or after October 1, 2011 could be claimed on personal income tax returns starting with the 2012 return.
The Healthy Home Renovation Tax Credit would support about $800 million in home renovation activity and around 10,500 jobs every year.
But in order for Ontarians to benefit, the credit must be voted on and passed by the legislature. We are pushing for a speedy committee review and a final vote in the near future, so seniors can benefit from this tax credit as soon as possible. I would encourage all MPPs to vote for this new tax credit once it goes to Third Reading.
With so much uncertainty in the global economy we need to work together to ensure our families are taken care of while we keep Ontario’s economy moving forward. The Healthy Home
Renovation Tax Credit will help us do that. It will help improve the quality of life for our seniors, while giving out economy a much needed boost.
For more information on what your government is doing to help Ontario seniors, contact my Constituency Office at 416-630-0080.
This website is provided for your convenience. If you'd prefer to call or email, my staff and I would be happy to hear from you.
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