Ontario Seniors Care at Home Tax Credit | ontario.ca

Tax credits reduce the amount of tax you have to pay. Non-refundable tax credits can reduce your taxes down to 0; refundable tax credits are even better because they can actually allow you to get or increase the size of a refund. Ontario Seniors Care at Home Tax Credit is a refundable tax credit, which is great!

Medical expenses can be an important source of tax credits, particularly if you have relatively high medical expenses and a relatively low income. The Ontario Seniors Care at Home Tax Credit can be claimed in addition to the non‐refundable federal and Ontario medical expense tax credits for the same eligible expenses and can provide up to a $1,500 credit (25% of eligible expenses) for Ontario residents who are over 70 years old.

Remember to keep your receipts so your income tax preparer can help you get the most out of your tax return!

http://www.ontario.ca/page/ontario-seniors-care-home-tax-credit