As of this Sunday, April 1, a new B.C. Seniors’ Home Renovation Tax Credit will be available to help with the cost of permanent home renovations so that British Columbians aged 65 and over will have the flexibility to remain in their own homes longer.

“Home is where the heart is. We know that seniors, like everyone else, are happiest in their homes,” Premier Christy Clark said. “That’s why our government introduced the Seniors’ Home Renovation Tax Credit, to help seniors stay independent, healthy and in their homes.”

The refundable credit will be worth up to $1,000 each year, and it will be available to seniors or family members sharing their home, regardless of whether they own or rent.

“In addition to improving the quality of life for seniors in home care, this initiative will make it easier for many home care providers to do their job,” said BC Care Providers Association CEO Ed Helfrich. “With an increasing demand for home support services, seniors’ homes are increasingly becoming work places for care aides. The structural home improvements that will result from this policy change will make this work space safer and more efficient for all.”

The tax credit will also help to protect and create jobs by supporting the home renovation industry.

“This renovation tax credit ensures our home-renovation industry remains strong and growing,” said Oak Bay-Gordon Head MLA Ida Chong. “We anticipate that this initiative will result in a significant amount of new spending on home improvements.”

For more information about these measures:

• For B.C. tax questions, call 1-877 387-3332