The Ontario government is making it easier for more seniors to stay in their homes
The 2008 Ontario Budget includes a new property tax grant for seniors with low and moderate incomes who own their own homes.
Under the plan, up to $250 more will be made available to approximately 550,000 seniors in 2009. By 2010, this will rise to $500.
When combined with the existing property and sales tax credit to seniors, some seniors could see up to $1,075 in total tax relief in 2009, and up to $1,325 in 2010.
This is just one more example of how the Ontario government is working for seniors
Our government is also increasing support for community services like home care, funding more staff at long term care homes and continuing to invest in health care.
To learn more about the 2008 Ontario Budget and what your government is doing for seniors, visit www.ontariobudget.ca.
If you have any questions or would like more information, please contact my Community Office.
Proposed Senior Homeowners' Property Tax Grant
Typical Grant Amounts and Existing Property Tax Credits ($)
| Single Seniors Paying $2,000 in Property Taxes |
| Income |
2009 |
2010 and Subsequent Years |
| New Seniors' Property Tax Grant |
Existing Property Tax Credit1 |
Total Tax Relief |
New Seniors' Property Tax Grant |
Existing Property Tax Credit1 |
Total Tax Relief |
| $20,000 |
250 |
825 |
1,075 |
500 |
825 |
1,325 |
| $25,000 |
250 |
718 |
968 |
500 |
718 |
1,218 |
| $30,000 |
250 |
540 |
790 |
500 |
540 |
1,040 |
| $35,000 |
250 |
361 |
611 |
500 |
361 |
861 |
| $40,000 |
167 |
183 |
350 |
334 |
183 |
517 |
| $45,000 |
84 |
4 |
88 |
167 |
4 |
171 |
| $50,000 |
0 |
0 |
0 |
0 |
0 |
0 |
| Senior Couples Paying $2,000 in Property Taxes |
| Income |
2009 |
2010 and Subsequent Years |
| New Seniors' Property Tax Grant |
Existing Property Tax Credit1 |
Total Tax Relief |
New Seniors' Property Tax Grant |
Existing Property Tax Credit1 |
Total Tax Relief |
| $25,000 |
250 |
803 |
1,053 |
500 |
803 |
1,303 |
| $30,000 |
250 |
642 |
892 |
500 |
642 |
1,142 |
| $35,000 |
250 |
481 |
731 |
500 |
481 |
981 |
| $40,000 |
250 |
320 |
570 |
500 |
320 |
820 |
| $45,000 |
250 |
159 |
409 |
500 |
159 |
659 |
| $50,000 |
167 |
0 |
167 |
334 |
0 |
334 |
| $55,000 |
84 |
0 |
84 |
167 |
0 |
167 |
| $60,000 |
0 |
0 |
0 |
0 |
0 |
0 |
- 1 Calculated as a share of property and sales tax credits proportionate to eligible property tax, using an estimate of the proposed increase to the 2008 senior couples' income threshold.
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