A new grant is available for seniors to help offset significant municipal tax increases. Be sure to read the eligibility requirements!
As of the 2016 municipal taxation year, seniors who meet certain conditions may be eligible for a grant to help offset a municipal tax increase brought about by a significant increase in the value of their residence.
Seniors can apply for the grant of if they meet all of the following conditions:
- Their residence is an entirely residential assessment unit consisting of only one dwelling, and it serves as their principal residence.
- They are responsible for the municipal tax bill for the residence, for the current year (for example, 2016).
- On December 31 of the previous taxation year, for example 2015, they,
- were resident in Québec,
- were 65 or over,
- had been the owner of their residence for at least 15 consecutive years (note that this period can include a period during which their spouse owned the residence before transferring ownership to them).
- Their family income for the previous taxation year was $50,000 or less.
How to apply
Eligible seniors can apply for the grant by:
- Completing form TP-1029.TM-V, Grant for Seniors to Offset a Municipal Tax Increase. (Note that seniors must know the potential amount of the grant as shown on their municipal tax bill for the current year or on the document issued by the municipality);
- Entering the result from line 43 of form TP-1029.TM-V on line 462 of their income tax return for the previous taxation year;
- Filing form TP.1029.TM-V, duly completed, along with their return.
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