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, license, 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), subsidized and employer-owned housing.
https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/credits/renters-tax-credit
Angela Calla is an 19-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.
Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.
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