Description

The NL Seniors’ Benefit is a refundable tax credit for low income seniors. The benefits are paid to those eligible in quarterly installments in January, April, July, and October.

Benefit Amount

A refundable tax credit of up to $1,516.

Eligibility Criteria

• Eligibility for the refundable tax credit is based on your family net income from the previous year.
• Whether single or as a couple, seniors with family net income of up to $29,402 are eligible to receive the maximum benefit of $1,516.
• The amount of the benefit will be phased out at a rate of 11.66% as net income increases between $29,402 and $42,404. This means that if you earn more than $42,404 in a year, you will not be able to get this benefit.
• To qualify for this benefit, you must be 64 years old or over by December 31st of the tax year.

Application Process

No application required.