This is a reminder for Nova Scotia seniors, who are receiving the Old Age Security Guaranteed Income Supplement (GIS).

Tax Refund for Seniors receiving Guaranteed Income Supplement (GIS)

In the 2010-11 provincial budget, the Minister of Finance committed to a new program to help low income seniors make ends meet. The program provides a refund of the provincial income taxes paid by seniors who receive the Guaranteed Income Supplement (GIS).

In total, about $9 million will be returned to about 18,000 seniors this year.

The Department of Finance used information from 2010 tax returns to assess eligibility and process the refund. The program is in accordance with new regulations under the Income Tax Act.

Seniors do not have to apply for this refund, but they must file their tax return each year.

Individuals who did not file a return in this taxation year, but who are eligible, can still receive the refund when they file their tax return.

If you have questions about this tax refund, please call 1-800-670-4357.

http://www.gov.ns.ca/finance/en/home/taxation/personalincometax/seniorsgis.aspx

If you are a senior who currently received the base Old Age Security pension, you may be entitled to the GIS.  You can check by going to the this link.

http://www.servicecanada.gc.ca/eng/isp/oas/tabrates/tabmain.shtml

Filed under: Personal Tax by David Boese No Comments »