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New Member
posted Mar 10, 2023 2:08:05 PM

Can i make deductions for purchasing an accessible property because i am disabled?

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1 Replies
Level 4
Mar 13, 2023 12:17:43 PM

Yes, you may be eligible for deductions. Persons with disabilities are eligible for the Home Buyers Amount (HBA), even if they are not first-time home buyers. A person with a disability is defined as someone eligible for the disability tax credit. To be eligible, the disabled person must purchase the home for the purpose of living in a home that is more accessible or better suited to their needs. 

Or you may also qualify for the Home Accesibility Tax Credit

 

For more information, please see Turbotax webpage: Who Can Benefit From the Home Buyers' Amount

and Home Tax Deductions  & Tax Credits for Canadian Homeowners

 

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