For home owners over 64 years old
Beginning in 2009 the Ontario Senior Home Owners’ Property Tax Grant will be provided to help eligible senior home owners with low and moderate incomes pay their property taxes. Max grant in 2009 is $250, increasing to $500 in 2010 and subsequent years.
Senior couples with $250 or more in property tax in 2008 and incomes of up to $45,000 will receive the maximum grant in 2009. If income is between $45,000 and $60,000 the grant will be proportionally smaller.
Single seniors with $250 or more in property taxes in 2008 and incomes of up to $35,000 will receive the maximum grant in 2009. Income between $35,000 and $50,000 will receive a proportionally smaller amount.
To receive the grant the applicant must own and occupy a principal residence in Ontario and must have paid property taxes in 2008. Applications for the 2009 grant will be contained in the 2008 personal income tax return packages, or online (form #ON479)
—Home Buyers Plan http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/menu-eng.html
—Land Transfer Tax Refund for First Time Homebuyers http://www.rev.gov.on.ca/en/tax/ltt/
—Time Home Buyers’ Tax Credit (HBTC) http://www.cra-arc.gc.ca/nwsrm/fctshts/2010/m01/fs100121-eng.html
◦Personal income tax credit line 369