Tax season is here! There are a number of Ontario tax credits and benefits that could assist your and your family. You could get money back even if you receive social assistance or didn’t earn income. Just complete the forms ON-BEN and ON479, which are part of the T1 General Income Tax and Benefit Return Package.
Investing in Children Through the Ontario Child Benefit (OCB):
The Ontario Child Benefit (OCB) is a monthly payment for low- to moderate-income families, with children under the age of 18.
This OCB provides direct financial support to low- and moderate-income families - whether they are working or not. Eligible recipients can receive a maximum payment of $1,310 per child per year.
Renovations that qualify include: non-slip flooring; hand-held shower; door locks that are easy to operate; walk-in bathtub; touch-and-release drawers and cupboards; stair lifts; pull-out shelves under the counter; wheelchair/walker ramp.
Ontario Guaranteed Annual Income System (GAINS):
GAINS ensures a guaranteed minimum income for Ontario seniors by providing monthly payments to qualifying pensioners. If you income falls below the guaranteed amount, you can receive up to $83 per month. This money is in addition to the federal Old Age Security (OAS) pension and Guaranteed Income Supplement (GIS).
If you have any questions or concerns please contact my office or the Canada Revenue Agency at 1-800-387-1193.
This website is provided for your convenience. If you'd prefer to call or email, my staff and I would be happy to hear from you.
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