BC FORUM News - From The Advocate, Summer, 2022
FEDERAL BUDGET: Important information for seniors
Kamal Khera, Canada’s Minister of Seniors provided the following in her April 22, 2022 update:
Expanded New Horizons for Seniors Program: support more projects that improve the quality of life for seniors and help them continue to fully participate in their communities.
Doubling the Home Accessibility Tax Credit: Increasing the tax credit from $1500 to $3000 for important accessibility renovations or alterations.
Making housing more affordable: $2.9 in funding, under the National Housing Co-Investment Fund to accelerate the creation of up to 4,300 new units and the repair of up to 17,800 units for Canadians who need them most, such as seniors and persons with disabilities. One time grant of $500 in the 2022-2023 fiscal year to those facing housing affordability challenges
Multigenerational Home Renovation Tax Credit: Up to $7,500 in support for constructing a secondary suite for a senior or an adult with a disability.
Connecting senior workers to good jobs: The Government intends to engage with experts on the role that a career extension tax credit could play in boosting the labour force participation of seniors who want to continue to work later in life.
Dental care for Canadians: Seniors are to be covered by the new dentalcare program effective 2023
Improving Canada’s dementia and brain health research: $20 million over five years to ramp up efforts to learn more about dementia and brain health, to improve treatments and outcomes for persons living with dementia.
To obtain information and updates from the Federal Ministry of Seniors type "how to get updates from the Minister of Seniors Canada" in your search engine and it will take you to a direct link to the subscription form for the Minister's newsletter.