If you are a senior on a low income, you’re about to receive more money on your income tax refund.
The province says nearly 1,000 who receive the federal Guaranteed Income Supplement (GIS), are also eligible for the province’s GIS provincial tax refund program.
Due to a rising population, this month, they are dishing out $1.4 million, an increase from the $800,000 last year that paid 600 seniors.
Minister of Finance John Lohr says every dollar counts as the cost of living rises.
“This investment will allow our low-income seniors to keep more of their earnings for day-to-day needs. Nova Scotia is the only province with a refund program like this that puts real money back in seniors’ pockets.”
Payments range between $50 and $10,000 depending on how much you pay in provincial income tax.
To qualify you must:
– be 65 years of age or older in the taxation year
– report income on line 14600 of their T1 return in the taxation year
– have provincial income tax payable on line 42800 in the taxation year.
You don’t need to apply, but you must file a tax return every year. As long as you are eligible, you can still get the refund even if you did not file in 2023.
Cheques this month are for 2023 and earlier.
If you have any questions, you can call the Service Nova Scotia provincial contact centre at 1-800-670-4357.
