Are you a senior with a low income who owns your own home and struggles to pay your property tax? There are programs that can help.
If you are a homeowner who occupies your premises, you may qualify for the Residential Property Tax Credit, which gives property owners a tax reduction on their principal residence. A principal residence is where you eat and sleep most of the time. Click here for more information.
If you are receiving the Residential Tax Credit, there are property tax relief programs that can reduce the amount of property tax you need to pay: the Property Tax Allowance and the Property Tax Deferral Program for Seniors.
You will need to provide personal information for yourself and your spouse, if you have one, including your name, social insurance number, date of birth and address.
Property Assessment Number (PAN).
Your household income.
Property Tax Allowance
To qualify for the Property Tax Allowance, you must own your property. It must be your principal residence, and you must be receiving the Residential Property Tax Credit.
Note: You only need to apply for the Residential Property Tax Credit once. You will continue to receive it for as long as you own and occupy the property. However, you need to apply for the Property Tax Allowance each year as income amounts sometimes change.
If you and your spouse (if you have one) have a combined taxable income of:
- Less than $22,000, you are eligible for up to a $300 rebate.
- Between $22,001 and $25,000, you are eligible for up to a $200 rebate.
- Between $25,001 and $30,000, you are eligible for up to a $100 rebate.
Property Tax Deferral Program for Seniors
- One of the property owners listed on the deed must be 65 or older during the taxation year.
- The property must be your principal residence.
- The property must be receiving the Provincial Residential Tax Credit.
- The property tax account must be in good standing as of Dec. 31 of the year before the application.
