Published | Category : Income tax - individuals
Changes to the Senior Assistance Tax Credit
As announced by the Ministère des Finances, changes are being made to the senior assistance tax credit in order to improve the financial assistance offered to individuals age 70 or over.
Beginning in the 2022 taxation year, the maximum tax credit for an eligible senior age 70 or over without a spouse has been increased to $2,000. For a couple where both partners are eligible seniors, the maximum tax credit is $4,000. Tax credit payments will begin in spring 2023, once your income tax return for 2022 has been processed.
Maximum tax credit
The maximum tax credit for 2022 is:
- $2,000 for an eligible senior without a spouse whose family income is $24,195 or less (the credit is reduced by 5% above that threshold);
- $4,000 for a couple where both partners are eligible seniors and whose family income is $39,350 or less (the credit is reduced by 5% above that threshold).
- $2,000 for a couple where only one partner is an eligible senior and whose family income is $39,350 or less (the credit is reduced by 5% above that threshold).
Maximum family income
If your family income for 2022 is equal to or greater than the applicable maximum in the table below, you are not eligible for the tax credit.
|Situation||Maximum family income|
|Eligible senior without a spouse||$64,195|
|Eligible senior with an ineligible spouse||$79,350|
|Couple of eligible seniors||$119,350|
The following changes are also being made:
- The maximum tax credit will not be indexed annually.
- A new mechanism for revaluing the 5% reduction rate will be introduced in 2023.
For more information, see information bulletin 2022-7 on the Ministère des Finances website.