BC - Seniors' home renovation tax credit and persons with disabilities - BC(S12)You may be eligible for this credit if, at the end of 2019, you met all the following conditions:
a) you were a resident of British Columbia;
b) you were a senior (65 years of age or older) or a non-senior living with a family member who is a senior; and
c) Effective February 17, 2016, you were a disabled person eligible for the federal tax credit for disabled or you were a non-disabled person living with a disable person.
d) you, or someone on your behalf, paid or incurred eligible expenses after March 31, 2019, and before January 1, 2020, to your principal residence or the land on which your principal residence is situated.
For more information on this provincial credit, please consult the following website:
https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/credits/seniors-renovation
It should be noted that the Federal has introduced a non-refundable credit which bears the name "Home accessibility tax credit (HATC)".
For more information on this federal credit, we suggest you visit the following links:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/segments/homeowners.html
To claim this credit, please follow the steps below:
1. In the "Left-side menu on the Interview tab", select "Medical, disability, caregiver".
2. On the right-hand side of the screen, click on the plus sign "+" icon to the right of the line "Home accessibility expenses (line 31285)".
3. On the page that appears, enter the relevant information. If you have multiple changes at the bottom of the section, click the plus sign "+ Add another" to add more sections.
4. Warning: make sure to enter the date of the renovation work as per the following format "DD-MM-YYYY", because the system will validate the information based on the starting date of the program.
Note: If you answer "Yes" to the question "Is this expense an allowable federal medical expense?", this amount will be reported by the program in the medical expenses' section. No need to enter it manually in the "Medical and disability" section.
The program will generate Schedule BC(S12) and will report the amount in box 60480 of form "BC479 - British Columbia Credits", which will give you a refundable credit of 10% in box 60480. This credit will be carried over by the program to line 47900 of the federal return.
As for the federal non-refundable credit will be carried forward by the program at line 31825 of Step 5, in addition, Schedule 12 will be generated by the program.
ID: 20200211133954DEX.xml
Webpage: KPA380-20200211133954DE.htm