What credits are available to Ontarians for the 2021 tax season?

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Getting ready to do your taxes? Here is a list of tax credits that could help put more money in the pockets of seniors, workers and families.

  • Ontario Jobs Training Tax Credit:  This provides up to $2,000 in relief for 50 per cent of a person’s eligible expense. It is being extended to the 2022 tax year to help more workers continue to upgrade their skills and transition back to the labour force.
  • Seniors’ Home Safety Tax Credit:  This helps make seniors’ homes safer and more accessible so they can stay in their homes longer. The credit is worth 25 per cent of up to $10,000 in eligible expenses for a senior’s principal residence in Ontario, to a maximum credit of $2,500. This tax credit is also being extended to the 2022 tax year to help seniors who may not have had a chance to use it in 2021.
  • Low-Income Workers Tax Credit: Known as the Low-income Individuals and Families Tax (LIFT) Credit, it provides up to $850 each year in Ontario personal income tax relief to low-income workers, and can be used to reduce or eliminate an individual’s Ontario personal income tax, excluding the Ontario Health Premium.
  • Ontario Child Care Tax Credit: Known as Ontario Childcare Access and Relief from Expenses (CARE) Tax Credit, it helps offset daycare expenses. The province is providing a 20 per cent top‐up to this tax credit for 2021, increasing support from $1,250 to $1,500, on average.
  • Ontario Seniors’ Public Transit Tax Credit: This is a refundable tax credit to help seniors with public transit costs.
  • Ontario Energy and Property Tax Credit: This is another refundable tax credit to help low to moderate income individuals and seniors with property taxes and sales tax on energy costs.
  • Northern Ontario Energy Credit: This is a refundable tax credit to help Northern Ontarians with higher home energy costs.

Individuals and families should also save their receipts for local travel in 2022, to claim the Ontario Staycation Tax Credit next tax season.

This tax credit encourages Ontario families to explore the province, helping the tourism and hospitality sectors recover from the COVID-19 pandemic. It allows Ontario residents to claim 20 per cent of their eligible 2022 accommodation expenses (for example, for a stay at an eligible hotel, cottage or campground) of up to $1,000 as an individual or $2,000 if you have a spouse, common-law partner or eligible children, to get back up to $200 as an individual or $400 as a family.

“As people gear up for another tax season, I want to encourage everyone to explore the credits they could be eligible to receive,” Finance Minister Peter Bethlenfalvy.

Ontario residents should file their 2021 Income Tax and Benefit Return to get tax credits and benefits, even if they have no taxable income to report.

The deadline for most individuals to file their personal 2021 Income Tax and Benefit Return is Monday, May 2.

Individuals can plan ahead and save time filing by using the Canada Revenue Agency’s suite of digital services to view and update their information in advance.

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