Keeping Ontario's Economy On Track For All Ontarians

Ontario Liberals Accelerate Healthy Home Renovation Tax Credit For Seniors

PICKERING, ON, Sept. 29, 2011 /CNW/ - The Healthy Home Renovation Tax Credit — which provides supports for seniors who want to stay in their homes — will be accelerated to help create jobs, Premier Dalton McGuinty said today.

"We understand the impact that the last recession had on Ontario families, that's why we acted quickly to protect jobs and made investments to keep our economy strong," McGuinty said. "Today we're moving forward with the next stage in our plan — we're accelerating the Healthy Home Renovation Tax Credit to take care of seniors and create jobs"

The Premier made his remarks during a roundtable discussion with Ontario seniors.  He announced that the Healthy Home Renovation Tax Credit will be implemented ahead of schedule — covering renovations that occur as early as October 1st, 2011.

The credit will generate immediate demand for skilled labour and manufacturing — creating jobs for local small businesses in the renovation sector.  It follows on the success the federal government's Home Renovation Tax Credit which helped Canada through the last recession by pumping billions into the economy and creating jobs. Moving forward with the Ontario Liberal Healthy Home Renovation Tax Credit immediately will deliver the same positive results for Ontario.

The credit covers home renovations — such as chair lifts, handrails, and ramps — that allow seniors who want to continue living independently to do so safely. It is worth 15 per cent of up to $10,000 in renovations per year and can be claimed by seniors for their own home or by a family member who is providing a home for an elderly relative.

"Our seniors have worked tirelessly to build the Ontario we all enjoy today," McGuinty said. "Now we'll do our part to make sure we are there for them — helping them remain independent and boosting the economy by creating jobs — so we can continue to deliver services and supports they can count on."

Providing strong health care and supports for seniors depends on a strong economy. Ontario Liberals have kept Ontario on track following the last recession by creating nearly 300,000 jobs, protecting auto sector jobs and building a new clean-energy economy. Now the Ontario Liberal Plan will keep Ontario moving forward.

The Hudak PC's have $14 billion in unfunded giveaways and tax cuts in their platform that would mean deep cuts to health care and schools. The Horwath NDP would take Ontario off track by introducing a crushing $9 billion in job-killing taxes. 

"We're the only party with a plan for these perilous economic times," McGuinty said. "We'll be there for Ontario seniors and will create new jobs to help Ontario's economy grow stronger. We're absolutely committed to keeping what we've already built intact — our strong schools, hospitals, and services — while moving Ontario forward, together."

SOURCE Ontario Liberal Party

For further information:

Ontario Liberal Party Media Office:
416 961-3800 ext. 328

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