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This credit allows a senior qualifying taxpayer to claim for expenses that have incurred during the year to improve their dwelling to a more senior friendly and approachable set up. Based on CRA’s requirements, expenses incurred must meet the eligibility criteria and only up to $10,000 can be claimed in the year. The maximum refundable tax credit that can be claimed by each is $1,500 (15% of $10,000). With this credit, seniors will be encouraged to live a more healthy and supportive lifestyle.
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