Bill 2 explained in plain English
Healthy Homes Renovation Tax Credit Act, 2012
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 40th Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
This Ontario bill enacts the Healthy Homes Renovation Tax Credit Act, 2012, to provide a refundable tax credit for seniors and their families for eligible home renovations.
This bill, the Healthy Homes Renovation Tax Credit Act, 2012, introduces a tax credit in Ontario to help seniors and their families with the costs of making home renovations that improve safety and accessibility. It amends the Taxation Act, 2007, to allow eligible individuals to claim this credit. The credit is generally calculated as 15% of qualifying expenditures, up to a maximum of $10,000 in credit. Specific rules apply for claiming the credit, including definitions for who qualifies as a senior and a qualifying relation, what constitutes a qualifying principal residence and listed improvements, and how expenditures are determined. The bill also includes provisions for situations like bankruptcy or death within a taxation year.
- Establishes the Healthy Homes Renovation Tax Credit.
- Amends the Taxation Act, 2007, to include provisions for this tax credit.
- Defines eligibility criteria for individuals to claim the tax credit.
- Specifies rules for determining qualifying expenditures and listed improvements for the tax credit.
- Outlines how the tax credit is calculated.
- Addresses specific circumstances such as shared principal residences, bankruptcy, and death for tax credit claims.
- Individuals who are 65 years of age or older (seniors) at the end of a taxation year.
- Individuals who are a "qualifying relation" of a senior.
- Individuals who own or occupy a "qualifying principal residence" in Ontario.
- The Minister of Finance in Ontario.
- Contractors and organizations providing renovation services.
- Individuals who become bankrupt or die during a taxation year.
- Individuals have the right to claim the Healthy Homes Renovation Tax Credit if they meet eligibility criteria.
- Individuals may be eligible if they are a senior or a qualifying relation of a senior.
- The tax credit is generally 15% of qualifying expenditures, up to a maximum of $10,000.
- The Minister of Finance is responsible for reporting on the financial costs of the credit.
- Individuals can contact the Ministry of Finance for information regarding the tax credit.
- The Act came into force on the day it received Royal Assent.
- Qualifying expenditures for the 2012 tax year were paid after September 30, 2011, and before January 1, 2013.
- The credit applies to taxation years ending after December 31, 2011.
- Individuals may receive a refundable tax credit.
- The tax credit is calculated as 15% of the lesser of $10,000 and the amount by which qualifying expenditures exceed certain government assistance.
- A $10,000 limit applies to total qualifying expenditures that can be claimed by individuals in respect of the same shared principal residence in a taxation year.
- The same $10,000 limit applies to claims by an individual and their spouse or common-law partner in respect of one or more principal residences in a taxation year.
- Money for the credit will be paid out of funds appropriated by the Legislature.
- The Minister of Finance must compare anticipated and actual costs of the credit annually.
- The exact list of "listed improvements" and "qualifying expenditures" depends on the details provided within the Act and potentially prescribed by the Minister of Finance.
- The determination of "qualifying relation" relies on definitions within the Federal Act (Excise Tax Act, Part IX).
- If multiple individuals claim the credit for the same residence, they must agree on the allocation of the $10,000 expenditure limit; if they cannot agree, the Ontario Minister may allocate it.
- The bill does not specify the exact amount of government assistance that would reduce the credit amount, only that it is subtracted from qualifying expenditures.
Adds a new section (103.1.1) to implement the Healthy Homes Renovation Tax Credit, and makes conforming amendments to other sections, including subsection 84 (1), (2.1), and (3).
Source: Section 1, Section 2, and Explanatory Note
Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.
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Vote Summary
This bill does not have a published recorded division in the current official sources, so representative-by-representative vote counts are not shown.
No published representative vote breakdown
The current official sources do not publish a recorded division breakdown for this bill, so there is no representative-by-representative table to show.
Official sources
Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.
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