Published | Category: Income tax - individuals

Introduction of a Refundable Tax Credit for Seniors for Stays in Functional Rehabilitation Transition Units

A refundable tax credit for expenses incurred by seniors for stays in functional rehabilitation transition units will be introduced as of the 2012 taxation year.

More specifically, tax legislation will be amended to provide that an individual who, at the end of a given taxation year, resides in Québec and is age 70 or older is entitled, for the year, to a refundable tax credit equal to 20% of the expenses incurred in the year in respect of each stay, begun in the year or the previous year. This tax credit applies only to expenses incurred in the first 60 days of each stay.

For the purposes of the tax credit, a functional rehabilitation transition unit is a public or private resource offering accommodation and services focusing on re-education and rehabilitation for persons experiencing a loss of autonomy who have a geriatric profile and present a potential for recovery with a view to returning home following hospitalization.

For more information, see page 15 in Additional Information on the Fiscal Measures of the Budget, published by the Ministère des Finances.

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