Non refundable tax credits help you reduce or eliminate the amount of income tax you owe.
Ontario energy credit low income.
It provides monthly on bill credits for lower income customers to reduce their electricity bills.
Ontario sales tax credit.
Ontario energy and property tax credit.
People can apply for the credit if eligible for either component.
The ontario energy and property tax credit is a personal tax credit that was implemented to help low to moderate income individuals with property taxes and the sales tax on energy.
The ontario energy and property tax credit is one of the three credits that make up the ontario trillium benefit.
For payments based on your 2019 income tax and benefit return july 2020 to june 2021 the program provides a maximum annual credit of 313 for each adult and each child in a family.
Effective january 1 2019 the low income individuals and families tax credit provides up to 850 each year in ontario personal income tax relief to low income workers including those earning minimum wage.
An energy component and a property tax component.
Click here to learn more about it.
The annual entitlement is usually divided by 12 and issued monthly as part of the ontario trillium benefit otb payment see first three bullets of the note below for exceptions.
You need to meet certain criteria to qualify for these programs.
The oeptc is designed to help low to moderate income ontario residents with the sales tax on energy and with property taxes.
The ontario sales tax credit ostc is a tax free payment designed to provide relief to low to moderate income ontario residents for the sales tax they pay.
To apply for these tax credits and benefits complete forms on479 ontario credits and on ben.
Northern ontario energy credit.
Excess non refundable credits do not.
A number of special programs are available in ontario to help low income energy consumers.
To find out if you qualify for the low income energy assistance program provided by the ontario energy electricity support program contact us today.
This credit has two components.
If you are a customer of an electricity utility and in a lower income home you may qualify for a reduction on your electricity bill.
About the low income individuals and families tax credit.
Eligibility for the oesp credit will depend on how many people live in the house and the total household income after tax.
The oesp will reduce the cost of your household electricity by applying a monthly credit directly to your bill.
Welcome to the ontario electricity support program oesp.
The ontario energy and property tax credit is a personal tax credit funded by the province of ontario and implemented to help individuals with low to moderate income with the sales tax on energy as well as their property taxes.
We offer programs to help lower income customers with their electricity bills.
