The “seniors care at home” tax credit is for Ontarians age 70 and older and would allow them to get up to 25 per cent of their money back on claimable expenses to a maximum of $6,000, meaning the payouts would be $1,500 or less.
But critics said the plan falls short of what’s needed because low-income seniors can’t afford many of the expenses it covers and, even if they can, the payouts diminish as family net income rises. The Progressive Conservative government has budgeted $110 million for the income tax credit it estimates will help about 200,000 seniors with family net incomes below $65,000.
fordnation doesn't understand the little people, therefore, he IS NOT for the little people!
What if they want out? 😐
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New tax breaks announced for low-income workers, seniors in Ontario budget | Globalnews.caThe Ontario budget released Thursday includes changes to a tax credit aimed at lower-income workers and a new tax break to help seniors age at home. 'Potential' Budget. yelich_ivana VoteFordOut2022 yelich_ivana VoteThemAllOut2022
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Ontario’s new tax credit for seniors’ home care, explainedThe Ford government is proposing a new tax credit for seniors receiving care at home to cover some of the costs of medical devices, nurse’s visits or even the cost of dentures, wheelchairs or scooters. Understand inflation easily. 5 reasons why Prices are going up and 10 things will be more expensive till the end of 2022 Good news for GrantMBeasley tax credits for diapers ! Wow, a whole $1,500 a year tax credit. How about increase OAS by $100 a month for everyone.
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