Ask a Planner

By Jason Heath, CFP on January 20, 2025
Estimated reading time: 4 minutes

By Jason Heath, CFP on January 20, 2025
Estimated reading time: 4 minutes

Canadian seniors may be eligible for a tax credit on safety-related home renovations. Let’s look at the credits available and their eligibility criteria.

I am a senior aged 68 in Saskatchewan. I replaced some flooring with non-slip carpet. I was wondering if this could be deducted on my income tax.

—Gayle

Most renovations are not tax-deductible or eligible for a tax credit in Canada unless it’s for a rental or business property.

In your case, Gayle, you’re probably wondering about the federal tax credit for seniors, as well as a provincial tax credit specific to Saskatchewan.

Deadlines, tax tips and more

You don’t need to be in Saskatchewan for this tax credit. The federal home accessibility tax credit for qualifying renovations applies if you (or certain family members who live with you) are 65 or older........

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