Ontario Tax Credits

Information regarding your 2021 Income Tax and Benefit Return

When filing your personal taxes be sure to file your 2021 Income Tax and Benefit Return in order to get your Ontario Tax Credits. The credits include:

For Seniors

• Seniors’ Home Safety Tax Credit helps make homes of seniors safer and more accessible so they can stay in their homes longer. The credit is worth 25 per cent of up to $10,000 in eligible expenses for a senior’s principal residence in Ontario, to a maximum credit of $2,500. Note the government is extending this tax credit to the 2022 tax year, to help seniors who may not have had a chance to use it in 2021.
• Ontario Energy and Property Tax Credit is a refundable tax credit to help low to moderate income seniors and individuals with property taxes and sales tax on energy costs.
• Ontario Seniors’ Public Transit Tax Credit is a refundable tax credit to help seniors with public transit costs.

For Families

• Ontario Child Care Tax Credit (known as the CARE Tax Credit) provides the flexibility for families to choose the child care options that work best for them. The government is providing an additional 20 per cent to this tax credit for 2021, increasing support from $1,250 to $1,500, on average.
• Ontario Energy and Property Tax Credit (see above).

For Workers

• Ontario Jobs Training Tax Credit helps workers get training that may be needed for a career shift, re-training, or to sharpen skills. The credit provides for 50 per cent of a person’s eligible expense up to $2,000. The government is extending this credit to the 2022 tax year.
• Low-Income Workers Tax Credit (known as the LIFT Credit) provides up to $850 each year in Ontario personal income tax relief to low-income workers, and can be used to reduce or eliminate an individual’s Ontario personal income tax, excluding the Ontario Health Premium.

You can get more information on these tax credits by visiting: https://fin.gov.on.ca/en/credit/