Published | Category : Income tax - individuals
New Refundable Senior Assistance Tax Credit
A new tax credit has been created to provide assistance for seniors aged 70 or over on December 31, 2018. It is available for 2018 onward, and you can receive it even if you did not claim it in your income tax return.
Generally speaking, you can receive the new tax credit if:
- you were resident in Québec on December 31; and
- you or your spouse on December 31 is:
- a Canadian citizen,
- a permanent resident or protected person within the meaning of the Immigration and Refugee Protection Act, or
- a temporary resident or the holder of a temporary resident permit, within the meaning of the Immigration and Refugee Protection Act, who has been living in Canada for 18 months.
Amount of the tax credit
The maximum for the year is:
- $400 if you have a spouse on December 31 and he or she is also eligible;
- $200 if you have a spouse but only one of you is eligible; or
- $200 if you do not have a spouse.
Reduction based on family income
The tax credit is reduced by 5% of the part of your family income that is over:
- $36,600, if you have a spouse; or
- $22,500, if you do not have a spouse.
You are not eligible for the tax credit if your family income is:
- $44,600 or more, if you have a spouse on December 31 and he or she is also eligible;
- $40,600 or more, if you have a spouse but only one of you is eligible;
- $26,500 or more, if you do not have a spouse.
Your family income is the amount on line 275 of your income tax return, plus, if you had a spouse on December 31, the amount on line 275 of his or her return.
Splitting the tax credit
If you and your spouse on December 31 are both eligible, you can split the tax credit. To do so, you will have to file form TP-1029.SA-V, Senior Assistance Tax credit. Both of you will also have to file an income tax return.
For more information, see pages 5 through 8 of information bulletin 2018-9, published by the Ministère des Finances.