TaxTips.ca
Canadian Tax and
Financial Information
MB School Tax Credit

Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Looking for US tax information?
See
USTaxTips.net

Need an accounting, tax or financial advisor? Look in our Directory.      Stay Connected with TaxTips.ca!

Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Free in 30!
Financial Planning
RRSP RRIF TFSA
Real Estate
Stocks Bonds etc.
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Provincial Budgets
Statistics etc.
Glossary
Site Map
Directory
Advertise With Us
Contact Us/About Us
Links & Resources



Manitoba-> Refundable tax credits -> School Tax Rebate, School Tax Credit, School Tax Assistance

Manitoba Seniors' School Tax Rebate

The Manitoba 2016 budget retained the increase in the maximum Seniors' School Tax Rebate to $470 for the 2016 property tax year and eligibility criteria will be broadened to include seniors who occupy their principal residence and pay school taxes, even if they do not own the land or dwelling unit.  The School Tax Rebate will now be delivered as part of the annual income tax return, so the 2016 Rebate will be claimed when the 2016 income tax return is filed in 2017.  Administration of the Rebate through the income tax system will permit retroactive claims of up to 3 years, but no earlier than the 2016 Rebate.

Eligible individuals:

bullet65 years of age or older, or have a spouse or common-law partner 65 years of age or older
bulletown their principal residence in Manitoba, or for 2015 and subsequent years occupy their principal residence and pay school taxes, and
bulletqualify as a Manitoba resident in the property tax year.

The Rebate will be reduced by 2% of net family income over $40,000.  Senior households with a family net income of $63,500 or more will no longer receive the Rebate.

See Manitoba Finance Seniors' School Tax Rebate.

Manitoba School Tax Credit for Homeowners

Manitoba Income Tax Act s. 5.5

The school tax credit is a refundable tax credit which is claimed on form MB479 of the personal tax return.

This credit is available for homeowners or life tenants age 55+ at December 31 of the tax year, with family income less than $23,800.  The credit is based on school taxes paid in the tax year for the principal residence in Manitoba, which must be over $160 for the year in order to claim the credit.

The amount of the credit is not indexed for inflation.

See the Canada Revenue Agency information:

School tax credit for homeowners

Homeowners' school tax credit table, which shows the amounts to enter on line 32 of form MB479.

Manitoba School Tax Assistance for Tenants

Tenants age 55+ may receive school tax assistance, depending on income, by applying to Family Services and Housing at the Provincial Services Office.  See the Manitoba information School tax assistance for tenants 55 Plus.

For detailed information on Manitoba refundable tax credits, see this topic on the Government of Manitoba web page Manitoba Personal Tax Credits.

See CRA form MB 479 and Completing Your Manitoba Forms on the Manitoba General Income Tax and Benefit Package page for detailed calculations.

Tax Tip:  File a return even if you have no income, to get the refundable tax credits.

Revised: September 19, 2017

 

Copyright © 2002 - 2017 Boat Harbour Investments Ltd. All Rights Reserved  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  Google + |  Monthly Newsletter Sign-up  What’s New E-mail Notification RSS News Feed
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.