In your case, Gayle, you’re most likely questioning in regards to the federal tax credit score for seniors, in addition to a provincial tax credit score particular to Saskatchewan.

What’s the federal house accessibility tax credit score?

You don’t must be in Saskatchewan for this tax credit score. The federal home accessibility tax credit for qualifying renovations applies in the event you (or sure members of the family who reside with you) are 65 or older on the finish of the yr, or in the event you qualify for the disability tax credit (DTC). To qualify for the DTC, it’s essential to have a extreme and extended bodily or psychological impairment and apply to the Canada Income Company (CRA).

This will or is probably not the case for you, Gayle. For others who’re studying alongside, know that an eligible renovation have to be of a permanent nature and both permit:

• the person to achieve entry to the dwelling or to be cellular or useful inside the dwelling;
• or scale back the chance of hurt inside the dwelling or in getting access to it.

There’s no particular record of qualifying bills, however non-slip carpet could also be justifiable.

The utmost declare is $20,000 of bills, and the tax financial savings, which range by province, vary from 14% to 26%.

What’s the medical expense tax credit score?

Some bills may qualify for a medical expense tax credit, together with renovation or building bills that may not usually be anticipated to extend the worth of the house. The bills would additionally not usually be incurred by somebody with regular bodily improvement or who doesn’t have a extreme and extended mobility impairment.

There are different house prices which will qualify for a medical expense tax credit. Examples embody an air conditioner for somebody with a extreme power ailment, illness or dysfunction; toilet aids to get in or out of a tub or bathe or to get on or off a bathroom; or a power-operated guided chair for use in a stairway, together with set up. There could also be others, however non-slip carpet wouldn’t usually qualify in your case, Gayle.

What’s the Saskatchewan house renovation tax credit score?

Your province, Gayle, reintroduced a home renovation tax credit that was beforehand out there in 2021 and 2022. It applies for the 2025 and 2026 tax years, however bills between October 1, 2024 and December 31, 2025 might be claimed in 2025. So, your carpet prices could qualify.