Main Construction › Forums › Government Grants › For Canadian Real Estate › Ontario senior homeowners’ property tax grant (OSHPTG)
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December 16, 2015 at 4:18 pm #5270
Navtaj Chandhoke
KeymasterOntario senior homeowners’ property tax grant (OSHPTG)The Ontario senior homeowners’ property tax grant (OSHPTG) is intended to help offset property taxes for seniors who own their own home and who have low to moderate incomes. This program is funded entirely by the Province of Ontario. The Canada Revenue Agency administers this program for Ontario.
Senior homeowners can apply for the current-year OSHPTG when they file their prior-year income tax and benefit return. For example, you would apply for the 2015 grant on your 2014 income tax and benefit return. The first time you could apply for the OSHPTG was on your 2008 income tax and benefit return.
The OSHPTG payment will be issued approximately four to eight weeks after your notice of assessment or reassessment is issued.
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[img]http://www.flipping4profit.ca/wp-content/uploads/2015/12/banner.gif [/img] The maximum grant is $500 for 2010 and later years. The maximum grant was $250 for 2009.Note:You may also be eligible for the 2015 Ontario energy and property tax credit (OEPTC) if you lived in Ontario on December 31, 2014, and at least one of the following applies:
rent or property tax for your principal residence in Ontario was paid by or for you for 2014;
accommodation costs for living in a public long-term care home in Ontario were paid by or for you for 2014;
home energy costs (for example, electricity, heat) for your principal residence on a reserve in Ontario were paid by or for you for 2014;
you lived in a designated university, college, or private school residence in Ontario in 2014.
You may also be eligible for the 2015 Northern Ontario energy credit (NOEC) if you resided in Northern Ontario on December 31, 2014, and you (or someone on your behalf) paid:
rent or property tax for your principal residence in Northern Ontario for 2014;
accommodation costs for living in a public long-term care home in Northern Ontario for 2014; or
home energy costs (for example, electricity, heat) for your principal residence on a reserve in Northern Ontario for 2014.
Questions and answers
To find out if you are eligible to apply and to get more information, please see Questions and answers.
More information
If you have questions about your OSHPTG payment, please call the CRA at the following toll-free numbers:
1-877-627-6645 (for service in English)
1-877-627-6664 (for service in French)
If you have questions about who is eligible to apply and how to apply for the OSHPTG, please call the CRA at the following toll-free numbers:
1-800-959-8281 (for service in English)
1-800-959-7383 (for service in French)
Policy enquiries
If you have a tax policy question about the OSHPTG program, call the Province of Ontario at 1-866-ONT-TAXS (1-866-668-8297).
DISCLAIMERWe believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.Speaking EngagementsNavtaj Chandhoke can be your next key note speaker for real estate office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
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