The maximum income guideline varies based on your personal situation – such as if you are married or have children – but begins with a maximum of $30,000 for individuals.
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The partnership aims to link qualified tax return volunteers with individuals who have a modest income and a simple tax situation.
#Free income tax programs for 2016 canada software#
Often The Salvation Army provides staff, space and materials while the CRA offers training and tax software for the volunteers and a coordinator to guide the clinics. Most clinics are a result of the Community Volunteer Income Tax Program (CVITP), a partnership between Revenue Canada and various community groups. This could have a significant impact for anyone, but especially those living on a low-income. Without filing income tax, individuals do not qualify for GST credits, property tax credits, child tax benefits, or old age pension. To ease this burden, many Salvation Army locations offer complimentary tax preparation clinics to those who qualify, throughout March and April.įor those who take advantage of the clinics, it’s more than simply following the law or even the hope of a refund. Tax season can be a stressful time for many, but for those living on a low, or fixed-income, the cost of filing a return can be a burden. To learn more about the federal administration of provincial credits, please visit the CRA webpage. While fully funded by the Government of Newfoundland and Labrador, these benefits are administered by the Canada Revenue Agency and will be paid with the federal GST Credit. In order to qualify for this benefit, the person must be 64 years of age or over by December 31st of the taxation year.The amount of the benefit will be phased out at a rate of 11.66% as net income increases between $29,402 and $41,786. Whether single or as a couple, seniors with family net income of up to $29,402 are eligible to receive the maximum benefit of $1,444.Newfoundland and Labrador Seniors’ Benefit (2) The phase out of the benefit begins at family net income of $40,000 at a rate of 9%.
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Eligible individuals with family net income of $20,000 to $40,000 will receive the maximum benefit of $495. (1) Additional amount of $253 to be phased in at a rate of 5.06% for family net income in excess of $15,000. The annual amounts for the supplement are shown in the table below:Īmount for Individuals Claiming the Disability Tax Credit.The NLIS, which builds on the former HST Credit, is intended to help reduce the impact of additional revenue measures on low income individuals, seniors, families and persons with disabilities. Budget 2016 introduced the Newfoundland and Labrador Income Supplement (NLIS).Newfoundland and Labrador Income Supplement Newfoundland and Labrador Statistics Agency (NLSA).Treasury Management and Budgeting Branch.Policy, Planning, Accountability and Information Management Division.Real Gross Domestic Product (GDP) Growth Forecast.The Newfoundland and Labrador Child Benefit (NLCB) and Pre-natal Infant Nutrition Supplement (PINS).NL Income Supplement and the NL Seniors’ Benefit.Credits, Benefits, Incentives and Rebates.Transitional Rules for the Newfoundland and Labrador HST Rate Increase.Temporary Elimination of Retail Sales Tax on Personal Property Insurance.Frequently Asked QuestionsRetail Sales Tax on Insurance Premiums.Labour-Sponsored Venture Capital Tax Credit.Economic Diversification and Growth Enterprises Program.Newfoundland and Labrador Interactive Digital Media (IDM) Tax Credit.Manufacturing and Processing Investment Tax Credit.
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Health and Post Secondary Education Tax (Payroll Tax).Scientific Research and Experimental Development Tax Credit.Manufacturing and Processing Profits Tax Credit.