$17 million in provincial income tax returning to Nova Scotia seniors through rebate program
HALIFAX, N.S. — The Nova Scotia government is returning almost $17 million in provincial income tax to seniors through a rebate program.
The province said the Guaranteed Income Supplement program will see over 11,000 seniors get their provincial income tax back.
Nova Scotia seniors can expect to see at least $50 and a maximum of $10,000 back, depending on how much they paid in provincial taxes.
Finance and Treasury Board Minister Allan MacMaster said with the cost of living on the rise, and it is tough for many people to make ends meet.
“Every year, this program puts real money in people’s pockets and will help thousands of low-income seniors with their day-to-day expenses,” said MacMaster.
The provincial government said to be eligible for a refund, residents must be 65 years or older in the taxation year, report income on line 14600 of the T1 return in the tax year and have a provincial income tax payable on line 42800 in the tax year.
Seniors don’t need to apply for a refund but must file a tax return each year. Those who did not file a return during the tax year can still receive a refund when they file a tax return.
