Money Matters: tax credit for seniors
January 15th, 2020
Benefits of being 65+A homeowner who is 65 or over may be able to take advantage of some tax credits. The Ontario Senior Homeowners’ Property Tax Grant offers up to $500 for Ontario senior homeowners. For singles, with net adjusted family income over $35,000, the grant given will be reduced by 3.33 per cent for income up to $50,000. Seniors above that income level do not qualify for the gra ...