When the time comes to make some changes to our homes to make them safe and accessible, we need to figure out how to pay for it. In BC, we are fortunate to have some tax credits available that ultimately reduce the overall costs, as well as a non-repayable grant for those that qualify.
Excerpted from the BC Ministry of Finance website: The home renovation tax credit is back!
BC Housing has a new funding program that low income seniors and people with disabilities can use to fund renovations to their home to make it more accessible. In BC, this program replaces the Canada Mortgage and Housing (CMHC) Residential Rehabilitation Assistance Program (RRAP). Other provinces have announced similar programs to replace the discontinued Federal […]
originally published Wednesday, May 12th, 2010 In Canada, CMHC (Canada Mortgage and Housing) has forgivable loan financial assistance programs for homeowners and landlords to fund repairs, renovations, accessibility modifications, the creation of low-income rental units, and home adaptations. (sorry – not available in the USA)