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MikeACGA
Level 3
posted
‎April 22, 2022 02:10 PM
last updated ‎April 22, 2022 2:10 PM

Ontario Property Tax Credit

Line 14 of the 2021 GST/HST credit form for an Ontario taxpayer sets the limit for the housing component based on both the taxpayer age and the housing amount. If under 65 the cap is $810 and if 65 or over the cap is $499.

My client in Profile 2021.4.0 has DOB of 1957-02-09 making her 64 at 12/31/2021. I expected her limit to be $810 but Profile set the limit at $499. Just double checking, is Profile correct? And ya, ya, ya I know this is just an estimate and the taxpayer will get acknowledgement letter later.

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Best answer April 27, 2022
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janisbossenberry
Level 7
‎April 27, 2022 10:10 AM

Ontario Property Tax Credit

I believe the age brackets are "under the age 64" and "64 years of age or older" on December 31, 2021. So Profile would be correct

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2 Comments 2
janisbossenberry
Level 7
‎April 27, 2022 10:10 AM

Ontario Property Tax Credit

I believe the age brackets are "under the age 64" and "64 years of age or older" on December 31, 2021. So Profile would be correct

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MikeACGA
Level 3
‎April 27, 2022 10:32 AM

Ontario Property Tax Credit

OMG, yes! Ugh, sorry about that.

Mike.

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