Sales Tax Credit
The refundable sales tax credit offsets provincial sales tax for people with low to moderate incomes.
Ontario tax credits are funded by the province. Canada Revenue Agency (CRA) administers the program on behalf of Ontario through the federal income tax system.
Claim your tax credit on the ON 479 Ontario Credits form included in your federal T1 General Income Tax and Benefit Return.
New
As announced in the 2007 Ontario Budget, it is proposed that the income threshold of the Ontario Property and Sales Tax Credits for senior couples be increased beginning in 2007 so that seniors receiving the minimum level of income guaranteed by the government from Old Age Security (OAS), Guaranteed Income Supplement (GIS) and the Ontario Guaranteed Annual Income System (GAINS) get the full benefit of the credits. The new threshold would be determined when the federal government finalizes OAS and GIS amounts for 2007.
The Benefit
Tax assistance for taxpayers with low to moderate incomes.
The combined maximum amount of property and sales tax credits you can receive for any one taxation year is $1,000. You cannot claim these credits on a return for a person who died in the tax year.
Eligibility
The eligibility requirements for the sales taxcredit are outlined in the Property and Sales Tax Credits Information Bulletin.
The federal Universal Child Care benefit is excluded from the calculation of income used to determine eligibility for provincial income-tested programs such as the Ontario Property and Sales Tax Credits.
