Home Accessibility Tax Credit Archives

Multigenerational Home Renovation Credit Vs. Home Accessibility Tax Credit: Can You Claim Both For the Same Expense?

February 17, 2024
Nizam Shajani, Partner, LLM, CPA, CA, TEP, MBA
Uncategorized

The Multigenerational Home Renovation Tax Credit (MGHRTC) and the Home Accessibility Tax Credit (HATC) are distinct tax credits under Canadian tax law, each with its own set of eligibility criteria and rules. The MGHRTC is a refundable tax credit designed…

Home Accessibility Tax Credit

February 17, 2024
Nizam Shajani, Partner, LLM, CPA, CA, TEP, MBA
Accounting, Tax Planning

The Home Accessibility Tax Credit (HATC) is a valuable financial incentive designed to make home renovations more affordable for seniors and individuals with disabilities. This credit aims to facilitate improvements that enhance mobility, safety, and functionality within the home, ensuring…

Shajani Newsletter

Tax and business tips from Shajani's experts, specifically for Canadian business owners. By subscribing, you agree to our privacy policy.

<div id="mc_embed_shell">
<link href="//cdn-images.mailchimp.com/embedcode/classic-061523.css" rel="stylesheet" type="text/css">
<style type="text/css">
#mc_embed_signup{background:#fff; false;clear:left; font:14px Helvetica,Arial,sans-serif; width: 600px;}
/* Add your own Mailchimp form style overrides in your site stylesheet or in this style block.
We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */
</style>
<div id="mc_embed_signup">
<form action="https://shajani.us18.list-manage.com/subscribe/post?u=7e0216acf07ae66b075585b99&id=aaaacdc831&f_id=0035c6e1f0" method="post" id="mc-embedded-subscribe-form" name="mc-embedded-subscribe-form" class="validate" target="_blank">
<div id="mc_embed_signup_scroll"><h2>Subscribe</h2>
<div class="indicates-required"><span class="asterisk">*</span> indicates required</div>
<div class="mc-field-group"><label for="mce-FNAME">First Name <span class="asterisk">*</span></label><input type="text" name="FNAME" class="required text" id="mce-FNAME" required="" value=""></div><div class="mc-field-group"><label for="mce-LNAME">Last Name <span class="asterisk">*</span></label><input type="text" name="LNAME" class="required text" id="mce-LNAME" required="" value=""></div><div class="mc-field-group"><label for="mce-EMAIL">Email Address <span class="asterisk">*</span></label><input type="email" name="EMAIL" class="required email" id="mce-EMAIL" required="" value=""></div>
<div hidden=""><input type="hidden" name="tags" value="189"></div>
<div id="mce-responses" class="clear">
<div class="response" id="mce-error-response" style="display: none;"></div>
<div class="response" id="mce-success-response" style="display: none;"></div>
</div><div aria-hidden="true" style="position: absolute; left: -5000px;"><input type="text" name="b_7e0216acf07ae66b075585b99_aaaacdc831" tabindex="-1" value=""></div><div class="clear"><input type="submit" name="subscribe" id="mc-embedded-subscribe" class="button" value="Subscribe"></div>
</div>
</form>
</div>
<script type="text/javascript" src="//s3.amazonaws.com/downloads.mailchimp.com/js/mc-validate.js"></script><script type="text/javascript">(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[0]='EMAIL';ftypes[0]='email';fnames[8]='MMERGE8';ftypes[8]='birthday';fnames[6]='MMERGE6';ftypes[6]='address';fnames[7]='MMERGE7';ftypes[7]='text';fnames[9]='MMERGE9';ftypes[9]='text';fnames[3]='MMERGE3';ftypes[3]='text';fnames[10]='MMERGE10';ftypes[10]='text';fnames[5]='MMERGE5';ftypes[5]='text';fnames[12]='MMERGE12';ftypes[12]='text';fnames[13]='MMERGE13';ftypes[13]='text';fnames[14]='MMERGE14';ftypes[14]='text';fnames[15]='MMERGE15';ftypes[15]='text';fnames[16]='MMERGE16';ftypes[16]='text';fnames[17]='MMERGE17';ftypes[17]='text';fnames[18]='MMERGE18';ftypes[18]='text';fnames[11]='MMERGE11';ftypes[11]='text';}(jQuery));var $mcj = jQuery.noConflict(true);</script></div>