Help Modify and Enhance the Seniors Care at Home Tax Credit
The best way to support seniors and help them age at home is to modify and enhance the Seniors Care at Home Tax Credit
Ontario’s seniors want to live in their homes or apartments for as long as possible.
To help make the dream of aging at home a reality, families support their loved ones with over 20 million hours of family-funded home care services every year!
Family-funded home care helps seniors to live more independently, to remain in their homes for longer, and avoid accidents and illnesses that could cause them to leave their homes unnecessarily.
Now more than ever, family-funded home care services are essential, and families need help.
The 2022 Ontario budget introduced the new Ontario Seniors Care at Home Tax Credit; a refundable personal income tax credit intended to help seniors with eligible medical expenses, including expenses that support aging at home.
This is a tremendous step, that is in-line with other jurisdictions like Quebec, where significant tax supports are available to help seniors live independently at home.
However, Ontario’s new tax credit doesn’t help everyone it should.