If you live in Quebec, here are a few tax credits to consider: It provides a tax credit of $172 to $265, depending on your income and family status. The Ontario Trillium benefit is one of Ontario’s tax benefits. In addition to the available federal tax credits and benefits, many provinces and territories have separate benefits and credits. You can apply for the Canada Dental Benefit through your CRA My Account, by phone, or online through this link. The first benefit period is for children 12 years old (as of December 1, 2020) who receive dental care between October 1, 2022, and June 30, 2023. These families earn less than $90,000 annually and have children under 12 who received dental work in the specified periods. The temporary Canada Dental Benefit is here to help lower dental costs for eligible families. To claim this payment, you must file your 2021 income tax return and provide information regarding your housing situation once the application period opens. You pay rent for a place where you liveĭon’t forget that you’ll have to provide your landlord’s contact information and consent to allow the CRA to verify your information.You’re a Canadian resident and at least 15 years old.To apply for the benefit, you must submit proof that: So if you earned $20,000 in 2021, your rent needs to be at least $500/month to qualify. To be eligible, your monthly rent amount has to equal to at least 30% of your 2021 income. Under Canada’s new Affordability Plan, the Canada Housing Benefit is a one-time payment of up to $500 based on your income and the amount of rent you pay. You need to be a Canadian resident to qualify and must complete Form RC66, Canada Child Benefits Application, to apply. To continue with the monthly payments, you must file your tax return on time each year. The amount you’re eligible to receive depends on your family’s income and size. Eligible families may receive up to $6,997 per child for the 2022–2023 benefit year. ![]() The Canada Child Benefit (CCB) is a tax-free monthly payment made to eligible families with children under the age of 18. You can apply for the GST/HST credit by filing your tax return. Once you reach a certain income, you’ll no longer receive this credit. The credit ranges from $467 to $612, depending on your net income and family situation. This credit helps lower income Canadians offset all or part of the federal Goods and Services Tax/Harmonized Sales Tax (GST/HST) they pay when purchasing products and services. You can apply for the CWB when you complete and file your tax return. Eligible taxpayers can receive up to $1,395 (for single individuals) for the 2022 tax year. The Canada Workers Benefit (CWB) is a refundable tax credit designed to help low income working individuals and families with their financial needs. If you fall below certain income levels, you may qualify for some of these credits and benefits. ![]() In other words, the amount of money you make influences the types of benefits and credits you’re eligible for. So income cutoffs can differ for each program, benefit, or credit. This is because researchers and policymakers in Canada use different measuring tools to decide who needs assistance. The definition of low income can mean something different depending on who you ask and the types of benefits you apply for.
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