2023 Version
If you’re a senior in Ontario and wish to stay in the comfort of your own home as long as possible, you’re in luck! There are several government programs designed to help you stay independent and financially supported. In 2025, these tax credits and grants can significantly ease the cost of living at home. Here’s a quick guide to the key financial benefits available for Ontario seniors.
Ontario Seniors Home Care Tax Credit (2023 version)
The Ontario Seniors Home Care Tax Credit is a refundable tax credit introduced in 2022 to assist seniors who want to remain at home. It covers up to 25% of eligible home care expenses, with a maximum credit of $1,500 (for expenses up to $6,000).
Who’s Eligible?
- Ontario residents aged 70 or older.
- Spouses of seniors who are 70+ can also apply if they live under the same roof.
- Income Criteria: To receive the full credit, family income must be under $65,000. It decreases for higher incomes, starting after $35,000.
Eligible Services Include:
- Medical Equipment: Wheelchairs, walking aids, hearing devices, oxygen, hospital beds, etc.
- Health Services: Home nursing care and dental care.
- Vision Care: Items like glasses or vision-related devices
Seniors’ Home Safety Tax Credit
Designed to help seniors adapt their homes to new health needs, this tax credit provides financial assistance for making your home safer and more accessible.
Who’s Eligible?
- Seniors aged 65+ or families planning renovations to accommodate elderly relatives in the next 2 years.
Maximum benefits :
- Up to $2,500, calculated as 25% of eligible expenses (up to $10,000).
Eligible renovations :
- Adding handrails, non-slip flooring, accessible showers, wheelchair ramps, and other safety features.
Senior Homeowners’ Property Tax Grant
This grant helps Ontario senior homeowners reduce the burden of property taxes.
Who’s Eligible?
- Age 64 or older.
- Property taxes paid in the current year.
- Annual income less than $50,000 (single) or $60,000 (couple).
Maximum benefits :
- Up to $500, based on income and property taxes paid.
Ontario Seniors’ Public Transit Tax Credit
For seniors using public transportation to maintain their independence, the Ontario Seniors’ Public Transit Tax Credit offers a way to reduce commuting costs.
Who’s Eligible?
For seniors using public transportation to maintain their independence, the Ontario Seniors’ Public Transit Tax Credit offers a way to reduce commuting costs.
- Age 65+.
- Up to $450 credit on eligible transit expenses, with a maximum of $3,000 in claims.
Canada Caregiver Credit
This federal credit helps family members providing care to seniors at home. If you’re helping an elderly loved one with their daily needs, you may qualify for financial support.
Who’s Eligible?
- Caregivers providing significant daily assistance to a senior relative, including those who live with them.
How to Maximize Your Benefits
To make the most of these tax credits, keep track of all receipts for eligible expenses. Consult with a tax advisor to ensure you’re claiming everything you’re entitled to and take advantage of these financial aids to help you maintain your independence and comfort at home.
At Visavie, we’re here to support you every step of the way. Our expert Senior Living Advisors are here to assist you in finding the perfect retirement community in Ontario, explore all available options, and help you or your loved one make the best decision.
