Renovating Your Home To Age In Place – Financial Assistance and Renovations.
The latest census figures from Statistics Canada show seniors, those aged 65 and older now represent 14.8 per cent of the population and by 2031, that number will be almost 23 per cent.
The CMHC foresees a strong demand for support services and renovations to adapt homes to help seniors age in place as the population ages.
Both the CMHC and the Ontario Government offer financial assistance to seniors who want to renovate their home to remove barriers and make them more accessible.
- Ontario’s Healthy Homes Renovation Tax Credit for seniors is worth up to $1,500 for improving accessibility within your home.
- Low-income seniors can apply for CMHC’s Home Adaptations for Seniors’ Independence (HASI) program; it provides a forgivable loan of up to $3,500 for renovations to make your home more accessible.
- Home owners may also be eligible for up to $16,000 under CMHC’s Residential Rehabilitation Assistance Program for Persons with Disabilities (RRAP – Disabilities).
We offer a range of renovation services geared to making your home barrier free and more accessible.
Typical projects: Installing bathroom grab bars, a low-threshold shower, a higher toilet, more accessible kitchen cabinetry, lower counters, wider doorways and entrance way or wheelchair ramps and decks.
For more information and assistance with your tax credit or grant applications call or email us today: