Even if you owe no incom tax, you could get money back by claiming a number of tax credits and benefits in Ontario. Here are some of these credits for 2010.
Ontario sales tax trasition credit
- 3 payments totaling up to $1,000 for familiies and $300 if you are single.
- file 2009 tax return by April 30, 2011 to get the first two payments
- file 2010 tax return by April 30, 2012 to get the final payment
Ontario sales tax credit
- up to $260 for each family member (reduced by 4% of income over $20,000 for singles and $25,000 for families)
- file 2010 tax return to get this money
Children's activity tax credit
- up to $50 for each child under 16 or $100 for each chilld with a disability under 18.
- Activities include music lessons, painting classes, soccer, hockey, etc.
- file 2010 tax return and keep receipts to get this money.
Ontario Child Benefit
- up to $1,100 per year for each child under 18.
- have registered your child for federal Canada Child Tax Benefit
- file your 2010 tax return to get this money
Ontario Senior Homeowers' Property Tax Grant
- up to $500
- 64 or oder
- owner a home
- file your 2010 tax return to get this money
Guaranteed Annual Income System
- up to $996
- 65 or older
- monthly payment
- file your 2010 tax return to receive this benefit
Ontario Energy and Property Tax Credit
- up to $900 ($1,025 for quailifying seniors)
- be 18 years or older
- pay rent or property tax
- report the amount of rent or property tax in your 2010 tax return
