Ontario’s new tax credit for seniors living at home, explained

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The Ford government is proposing a new tax credit for seniors receiving care at home to cover some of the costs of medical devices, nurse’s visits or even the cost of dentures, wheelchairs or scooters.

Meant to add on to the existing provincial and federal medical expense tax credits, the Seniors Care at Home Tax Credit offers a 25 per cent tax break on a senior’s at-home medical costs up to $6,000.

The maximum amount the credit can net is $1,500.

Under the terms of the new credit, anyone 70 or older can claim expenses associated with home nurse visits, a hospital bed at home, wheelchairs, attendants, canes, oxygen, eyeglasses or hearing aids.

The credit is refundable and anyone earning up to $65,000 can qualify.

It is estimated to cost taxpayers $110 million this year and help up to 200,000 seniors.

The CEO of Home Care Ontario, representing nurses and allied professionals providing home care in the province, applauded the new tax credit.

“These investments make Ontario a leader in prioritizing home care. Like the extremely successful Home-Support Services tax credit found in Quebec, Ontario’s new tax credit will help seniors live more independently, remain in their homes for longer, and avoid accidents and illnesses that could cause them to seek institutional care,” Sue VanderBent said in a statement issued on Thursday afternoon.

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