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  • March 24, 2015

2015 Ontario Tax Credits and Benefits

Income Tax Help For Seniors and Modest Income Ontarians

Tax Season is Here!

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.

Effective July 2015, the OCB will be tied to inflation to help low- to moderate-income families keep pace with the costs of raising children. The maximum annual benefit will increase to $1,336 per child per year at this time. 

Children's Activity Tax Credit:

If you paid to register your child, or your spouse's common-law partner's child, in activities such as painting classes, soccer, hockey, or music lessons, you can claim up to $541 in eligible expenses and get up to $54.10 for 2014 for each child under age 16. You can also receive up to $108.20 for 2014 for each child with a disability who was under age 18. 

Ontario Trillium Benefit:

File your 2014 tax return to find out if you are eligible for the 2015 Ontario Trillium Benefit, which combines:
  • Up to $23.92 a month for each member of your family from the Ontario Sales Tax Credit
  • Up to $82.75 a month from the Ontario Energy and Property Tax Credit
  • Up to $11.92 a month for a single person or $18.42 a month for a family from the Northern Ontario Energy Credit.
Healthy Home, Healthier Tax Return:

If you are 65 or older, or living with a family member who is a senior, you could get up to $1,500 to help with the cost of making your home safer and more accessible. 

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.

Ontarians can claim up to $10,000 worth of eligible home improvement expenses to get back a maximum benefit of $1,500

Helping Seniors with their Property Taxes:

If you are 64 or older on December 31, 2014 and own a home, you could get up to $500 to help with the cost of property taxes through the Ontario Senior Homeowners' Property Tax Grant when you file your tax return.

This grant is designed to help older couples with incomes below $45,000 per year, and older single individuals with incomes below $35,000 per year. 

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.

Keep in Mind...

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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