How to Pay for Your Accessible Renovation in Alberta

Making your home more accessible can be life-changing, but the costs can be a barrier. Fortunately, in Alberta, several programs and financial options are available to help seniors, families with children with disabilities, and individuals with disabilities afford these essential renovations. Below, we outline grants, tax credits, lending programs, and non-profit support to help you fund your accessible renovation.

Grants

Residential Access Modification Program (RAMP)

• Who is eligible? Albertans with mobility challenges who have a household income below $36,900 for a single person, $46,500 for a couple, or $56,000 for a family of three or more.
• How much is available? Up to $7,500 per year, with a lifetime maximum of $15,000 over ten years.
• How it works: This grant helps cover the cost of home modifications such as ramps, stairlifts, and accessible bathrooms to improve mobility and safety. Applicants are required to obtain two quotes for the proposed work, and the project is awarded to the contractor with the lowest quote.
• Learn more: Residential Access Modification Program Website

Tax Credits

Federal Home Accessibility Tax Credit (HATC)

• Who is eligible? Seniors (65+) and individuals eligible for the Disability Tax Credit (DTC) or their supporting family members.
• How much is available? A 15% non-refundable tax credit on up to $20,000 in eligible renovation expenses.
• How it works: Home modifications that improve accessibility—such as widening doorways, installing ramps, or modifying bathrooms—can be claimed as a tax credit. Ensure that your contractor provides invoices and receipts that outline the scope of work for tax application purposes.
• Learn more: Home Accessibility Tax Credit Webpage

Medical Expense Tax Credit (METC)

• Who is eligible? Anyone who incurs eligible medical expenses exceeding the lesser of 3% of their net income or $2,759 (2023 threshold).
• How much is available? A non-refundable tax credit on eligible medical expenses, including accessibility renovations.
• How it works: Renovations that are medically necessary, such as installing a wheelchair ramp or an elevator, may qualify. In some cases, you may need a note from a doctor confirming that the renovations are required. You should consult an accountant to confirm eligibility.
• Learn more: Medical Expense Tax Credit Webpage

Lending Programs

Seniors Home Adaptation and Repair Program (SHARP)

• Who is eligible? Alberta homeowners aged 65+ with a household income of $75,000 or less.
• How much is available? Low-interest loans up to $40,000.
• How it works: Seniors can borrow funds to make necessary home adaptations. The loan is secured against the home and accrues interest at a low rate. Repayment is deferred until the home is sold, but borrowers can make voluntary payments at any time. Eligible renovations include bathroom modifications, stairlifts, widening doorways, and other accessibility improvements.
• Learn more: Seniors Home Adaptation and Repair Program Website

Reverse Mortgages

• Who is eligible? Homeowners aged 55+.
• How much is available? Varies based on home equity and lender terms.
• How it works: A reverse mortgage allows seniors to access their home equity for renovations without making immediate payments. The loan is repaid when the home is sold.
• Learn more: CHIP Reverse Mortgage Website

Non-Profit Support

Accessible Renovations for Kids (ARK) Society

• Who is eligible? Alberta families with children who have mobility challenges.
• How much is available? The organization completes entire projects at no cost to the homeowners.
• How it works: The ARK Society funds and manages home modifications such as wheelchair ramps and accessible bathrooms for families in need. We are proud to be partnered with ARK Society to support families requiring accessibility renovations.
• Learn more: Accessible Renovations for Kids Website

Other Ways to Fund Your Renovation

Beyond the options listed above, there are many community foundations, charities, and disability-focused organizations that offer financial support for accessibility renovations. Connecting with local disability advocacy groups, seniors’ associations, or even your municipal government can help you uncover additional funding opportunities.

It’s important to remember that tax credits should be confirmed with an accountant to ensure eligibility and proper filing.

While we have focused on funding options specific to seniors and individuals with disabilities, private financing options like home equity lines of credit and personal loans are also available but are not covered in this guide.

If you’re planning an accessible renovation and need guidance on financing options, reach out to us. We’re here to help you navigate the process and create a home that works for your needs!