New tax breaks announced for low-income workers, seniors in Ontario budget
The Ontario budget released Thursday includes changes to a tax credit aimed at lower-income workers and a new tax break to help seniors age at home.
The Progressive Conservative government said it is proposing changes to the Low-income Individuals and Families (LIFT) Credit and creating an Ontario Seniors Care at Home Tax Credit, both taking effect this year.
The measures are contingent on the budget passing after the June 2 election, as the legislature is set to adjourn immediately after its introduced, effectively turning it into the PC Party platform.
Article Written By: Ryan Rocca
Original Article Posted on: April 28, 2022
Link to Original Article: https://globalnews.ca/news/8793564/new-tax-breaks-ontario-budget