amount received depends on ON tax otherwise payable
amounts for dependent children and dependants with a mental or
physical infirmity must be claimed by the spouse with higher net
income for tax purposes
amount can be claimed for spouse with a mental or physical infirmity
only if all or part of the disability tax credit is being transferred
from the spouse.
cannot be claimed by an individual
who was not resident in Canada at the beginning of the year. Thus,
it is not available to new immigrants.
cannot exceed ON tax payable (not refundable)
The amounts that can be claimed for the tax reduction are increased by
inflation each year in the same manner as other Ontario tax credits. The amounts
for 2024 are:
$286 basic amount for taxpayer
$529 for:
each dependent child under 19
each dependant with a mental or physical impairment
spouse with a disability
The above amounts are totalled and then doubled. The amount that can be
claimed is the doubled amount less the Ontario tax after surtax. The result
cannot be negative.
The tax reduction for dependents under age 19 is not
shown on the Ontario TD1
forms, so employees or pensioners will have to provide the employer or
payer with a written request to include such amounts.
Note: Whether the senior lives at home, with someone else, or in a care
home does not affect eligibility for this credit.
Effective January 1, 2022
Credit of 25% of claimable medical expenses up to $6,000, for a
maximum credit of $1,500
Reduced by 5% of family net income over $35,000
Fully phased out by at most $65,000
Family net income test is same for singles and couples
Credit is in addition to the non-refundable federal and
Ontario medical expense tax credits
Will be based on medical expenses claimed for the existing Ontario
Medical Expense Tax Credit (METC)
Eligibility requirements:
Age 70+ in the year, or have a spouse or common-law partner age
70+ in the year; and
Resident in Ontario at the end of the tax year
Thresholds and base amount are not adjusted annually for inflation.
This tax credit is included in the Detailed
Canadian Tax & RRSP Savings Calculator, and is based on the total
medical expenses and the age of the individual. No additional input is
required.
The Ontario 2009 Budget replaced the
combined Sales and Property Tax Credit with two separate credits, the
Sales Tax Credit and Property Tax Credit. They were both then
replaced by Ontario Trillium
Benefit.