The provincial government has extended the Home Renovation Tax credit for seniors to include taxpayers with disabilities.
This is effective for any renovations undertaken after February 17, 2016.
This extension ensures the same taxpayers will qualify for both the federal credit, which has been introduced for 2016, and the provincial credit, which has been available to seniors in BC since 2012.
The main difference between the two is that the federal credit is non-refundable, whereas the provincial credit is refundable.
Refundable credits tend to benefit greater numbers of taxpayers than non-refundable credits.