Amount of the Senior Assistance Tax Credit
The maximum senior assistance tax credit you can claim based on your situation is:
- $4,000 if you had a spouse on December 31, 2023, who is an eligible individual and you were both 70 or over on December 31, 2023;
- $2,000 if you had a spouse on December 31, 2023, but:
- they are not an eligible individual, or
- only one of you was 70 or over on December 31, 2023;
- $2,000 if you did not have a spouse on December 31, 2023.
Reduction based on family income
The tax credit is reduced by 5.16% of the part of your family income that is over:
- $41,885, if you had a spouse on December 31, 2023; or
- $25,755, if you did not have a spouse on December 31, 2023.
Your family income is the amount on line 275 of your income tax return, plus, if you had a spouse on December 31, 2023, the amount on line 275 of their return.
You are not eligible for the tax credit if your family income is equal to or greater than the applicable maximum from the table below.
| Situation | Maximum family income | Maximum tax credit |
|---|---|---|
| Your spouse is an eligible individual and you were both 70 or over on December 31, 2023. | $119,405 | $4,000 |
| Your spouse is not an eligible individual or only one of you was 70 or over on December 31, 2023. | $80,645 | $2,000 |
| You did not have a spouse on December 31. | $64,515 | $2,000 |