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Discussion Groups: Home maintenance, renovations


Topic: Homeowners tax credit
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Getty

3/25/2012 7:20:40 PM
Member since:
Aug 2008
Total posts:967
Homeowners tax credit

Hey.. just wanted to know, is every home in Brandon have that $700 yearly tax property credit? or only certain ones do?  
 
Is there a way a home cannot be eligible for that credit?

 
 
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perhaps

3/25/2012 7:32:09 PM
Member since:
Sep 2008
Total posts:1474
check this out

If you rent your home to someone you do not qualify,  
if your taxes are less then 250 yrly  
and if you just purchaeda your home  
also seniors over 65 get more  
 
other then that I am not sure but ours is automatically deducted from our tax bill  
 
You might want to check out the website:  
http://www.gov.mb.ca/finance/tao/eptc.html  
 
Edited by letmesee, 2012-03-25 19:34:01

Getty

3/25/2012 7:37:10 PM
Member since:
Aug 2008
Total posts:967
hmm

I was talking about homeowners grant. Do not know if the education tax means the samething or not.  
 
Edited by Getty, 2012-03-25 19:39:37

perhaps

3/26/2012 8:43:11 AM
Member since:
Sep 2008
Total posts:1474
Not sure

do you mean the tax credit for first time homeowners up to 750. This is federal  
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns360-390/369/menu-eng.html  
 
The Manitoba Education & property tax credit is different it comes off your tax bill  
For tenants reabte you have to claim the rent to get the tax credit this is provincial  
 
They are two differnt things the grant, and the property/education tax credi  
 
Edited by letmesee, 2012-03-26 08:43:47

Bob43

3/26/2012 10:05:12 AM
Member since:
Aug 2008
Total posts:213
Extra for seniors

  
letmesee said "If you rent your home to someone you do not qualify,  
if your taxes are less then 250 yrly  
and if you just purchaeda your home  
also seniors over 65 get more  
 
other then that I am not sure but ours is automatically deducted from our tax bill  
 
You might want to check out the website:  
http://www.gov.mb.ca/finance/tao/eptc.html  
 
Edited by letmesee, 2012-03-25 19:34:01"

Not all seniors get extra Education Property Tax Credit (EPTC).  
 
Quote from Manitoba Finance:  
"For 2012, if you are a senior citizen, and your income is no higher than $32,500, you may be eligible for an EPTC of up to $1,025."


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