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The Ontario Senior Homeowners' Property Tax Grant
The Ontario Senior Homeowners' Property Tax Grant is an annual amount provided to help offset property taxes for seniors with low and moderate incomes who own their own homes. For 2009, the maximum grant is $250. For 2010 and subsequent years, the maximum grant will be $500.
Senior homeowners will apply for the 2009 grant when they file their 2008 personal income tax returns.
Eligibility
You can apply for the 2009 Ontario Senior Homeowners' Property Tax Grant if you meet the following conditions:
On December 31, 2008:
- you were a resident of Ontario
- you owned and occupied your principal residence for which you paid property taxes in 2008
- you were 64 or older
- your spouse or common-law partner has not received a Property Tax Grant for 2009
- you meet the income requirements (see below).
How to apply
To receive the grant, you have to apply for it each year by completing and attaching Form ON479, Ontario Credits and Senior Homeowners' Property Tax Grant, to your personal income tax return. (Note: this form is included in the Ontario returns.)
Your grant for 2009 will be based on the information provided in your income tax return. You should receive your grant by cheque or direct deposit within 4 to 8 weeks after you receive your 2008 Notice of Assessment from the Canada Revenue Agency.
Amount of the grant
Eligible senior homeowners will be able to obtain a grant of up to $250 in 2009.
- Single seniors who paid $250 or more in property taxes in 2008 and had incomes of up to $35,000 will receive the maximum grant in 2009. Single seniors with incomes between $35,000 and $50,000 will receive a proportionately smaller grant. The maximum grant for single seniors will be increased to $500 for 2010 and subsequent years.
- Senior couples who paid $250 or more in property taxes in 2008 and had combined incomes of up to $45,000 will receive the maximum grant in 2009. Senior couples with combined incomes between $45,000 and $60,000 will receive a proportionately smaller grant. The maximum grant for senior couples will be increased to $500 for 2010 and subsequent years.
The following charts 1 outline typical grant amounts and existing property tax credits at various income levels for single seniors and for senior couples paying $2,000 in property taxes: Typical Grant Amounts and Existing Property Tax Credits ($)
Single Seniors Paying $2,000 in Property Taxes
| Income |
2009 |
2010 and Subsequent Years |
| New Seniors' Property Tax Grant |
Existing Property Tax Credit
2
|
Total Tax Relief |
New Seniors' Property Tax Grant |
Existing Property Tax Credit
2
|
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 Credit2 |
Total Tax Relief |
New Seniors' Property Tax Grant |
Existing Property Tax Credit2 |
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 |
2 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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