Are you getting prepared to do your income taxes? If you are a renter and make under $80,000 there is a tax credit waiting for you.
The nitty gritty is that if you make less than $60,000 you will get a $400 tax credit by filling out Form BC479 2023. This is the same form that you use for UCCB, UCCB, the Renovation Tax Credit for Seniors and Disabilities, training tax and renter's tax credit.
If you (you being the entire family) make between $60,000 to $80,000 you will receive a reduced amount. Still, it is worth filling out a form!
Criteria are:
- You occupied an eligible rental unit in BC under a tenancy agreement, licence, sublease or similar arrangement for at least 6 one-month periods.
- Rent was paid for the unit.
- You are 19 year or older, a parent or cohabitating with a spouse or common law partner.
Eligible Rental units are house, apartment, condo, townhouse, basement suite, detached suite, carriage house, co-housing, dormitories, long-term care facility, shared housing (roommates), subsidised and employer-owned housing.