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The Low Income Tax Reduction (LITR) is a provincial personal income tax reduction for low income individuals and families. For the 2023 taxation year, the LITR will eliminate provincial income tax for individuals with net income up to $22,447 or for families with net income up to $37,957.
How do you qualify for low income housing in Ontario?
Eligibility Requirements At least one member in the household must be 16 years or older. All members of the household must be a Canadian Citizen, Permanent Resident or have Refugee Claimant Status. No member of the household is currently under a deportation, departure or exclusion order to leave Canada.
Who is eligible for the $40 000 disability tax credit?
If you are a Canadian living with a physical or mental impairment or may have a family member with an impairment, you may qualify for the Disability Tax Credit and be eligible to receive up to $40,000 in the form of retroactive tax credits from the Canadian government.
Who can claim New Brunswick low income tax reduction?
You can claim the low income tax reduction if you were a resident of New Brunswick on December 31, 2023. If you had a spouse or common-law partner on December 31, 2023, you and your spouse or common-law partner need to decide who will claim this reduction for your family.
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The Housing Tax Credit (HTC) Program is one of the primary means of directing private capital toward the development and preservation of affordable rental
Part I Section 42.--Low-Income Housing Credit (Also
No. The application fee and allocation fee are not includable in the eligible basis of the applicants low-income housing building because the fees are not
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