Ontario Non-refundable personal tax credits
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Ontario Non-refundable personal tax credits

Ontario Non-refundable personal tax credits
For information on the amounts of most non- refundable tax credits available to Ontario residents, see the non-refundable personal tax credits tables.msthememsthemewebbot bot="PurpleText" PREVIEW="Start of ad ON 160x600 channel ON Tax Rates text - targetable" webbot bot="PurpleText" PREVIEW="End of Google ad code" msthememstheme  msthemeOntario Tax ReductionmsthememsthemeTaxation Act s. 20msthememsthememsthemelist msthemeavailable to low income individuals and familiesmsthememsthemelistmsthemeamount received depends on ON tax otherwise payablemsthememsthemelistmsthememust be claimed by the spouse with higher net incomemsthememsthemelistmsthemecannot exceed ON tax payable (not refundable)msthememsthemelistmstheme The tax reduction cannot be claimed by an individual who was not resident in Canada at the beginning of the year.  Thus, it is not available to new immigrants.The tax reduction for dependents under age 19 is not shown on the Ontario TD1 forms, so employees or pensioners will have to provide the employer or payer with a written request to include such amounts.See Canada Revenue Agency ( CRA) form ON428 from the  Ontario General Income Tax and Benefit Package page for detailed calculation.mstheme msthememsthemeOntario Refundable tax creditsmsthemeThese are refundable to an individual even if no income tax was paid.Every individual's situation is different, so check CRA form ON479 from the  Ontario General Income Tax and Benefit Package page to see if you qualify for these credits.msthemeChildren's Activity Tax CreditmsthememsthemeHealthy Homes Renovation Tax Creditmsthememsthememsthememstheme mstheme msthemeOntario Trillium Benefit (OTB)msthememsthemeTaxation Act, 2007, Part IV.1msthemeThe Ontario 2013 Budget proposes to modify the OTB so that, beginning with 2014 benefits, each recipient can choose to receive the benefit either monthly or in a single payment at the end of the benefit year.  Tax filers would choose which option they want when they file their 2013 income tax return in 2014.  Those receiving an annual benefit of $360 or less will be paid in a single payment in July 2014.  Others opting for a single payment would receive the payment for 2014 benefits in June 2015.  Those opting for monthly payments would receive the payments from July 2014 through to June 2015.  This change is subject to legislative approval.As per the Ontario 2011 Budget the Ontario Sales Tax Credit (OSTC), Ontario Energy and Property Tax Credit (OEPTC), and the Northern Ontario Energy Credit (NOEC) are combined into the Ontario Trillium Benefit (OTB), which will make monthly payments to eligible recipients beginning July 2012.  S. 103.2 of the Taxation Act states that "For July 2012 and subsequent months, an individual is eligible to be paid an Ontario Trillium Benefit for a month if he or she is resident in Ontario at the beginning of the month."The Sales Tax Credit portion of the Ontario Trillium Benefit is applied for by applying for the GST/HST credit on page 1 of your (or your spouse's or common-law partner's) tax return. For more information see CRA publication RC4210 - Ontario Sales Tax Credit.The Energy and Property Tax Credit and Northern Ontario Energy Credit portions of the Ontario Trillium Benefit are applied for by completing CRA Schedule 5006-TG ON-BEN Application for the 2013 Ontario Trillium Benefit and the Ontario Senior Homeowners' Property Tax Grant in the 2012 personal income tax package.  You may qualify if, on December 31, 2012, you resided in Ontario, andmsthememsthemelist msthemerent or property tax was paid by or for you for 2012,msthememsthemelistmsthemeyou lived in a student residence or in a long-term care home, ormsthememsthemelistmsthemeyou lived on a reserve and energy costs were paid by or for you.mstheme

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