To help your senior client claim the benefits and credits to which they’re entitled, use this handy list, courtesy of the CRA:
- Disability tax credit (non-refundable) — those eligible for the credit may be able to claim the disability amount of $8,416 on line 31600 of their tax return (Step 5 — Federal tax). Read about eligibility criteria for the credit.
- Canada caregiver credit (non-refundable) — available to those who support a spouse, common-law partner or dependant with a physical or mental impairment. For a spouse or partner, the client may be able to claim $2,230 in the calculation of line 30300.
- GST/HST credit — a tax-free quarterly payment for those with modest incomes.
- Provincial or territorial benefits and credits — also for those with modest incomes
Seniors who owe tax in 2019 may be able to deduct the following:
- Medical expenses — lines 33099 and 33199
- Home accessibility expenses — line 31285
- Age amount — line 30100; net income must be less than $87,750
- Pension income amount — line 31400
Clients may also be able to take advantage of pension income splitting, for eligible pension income.
Seniors who receive the guaranteed income supplement should file their taxes by April 30 to keep benefits coming, the CRA says in a release.