Seniors will benefit from Ontario’s comprehensive tax plan that will strengthen our economy and the high-quality public services that seniors helped build and rely upon. 

Ontario’s package of reforms includes the Harmonized Sales Tax (HST), which comes into effect on July 1, and a number of other tax cuts, credits and benefits for all Ontarians

Many seniors have already started to receive their first Ontario Sales Tax Transition Benefit payment. Senior couples and other families earning less than $160,000 are receiving three payments totalling $1,000. Individuals earning less than $80,000 are receiving three payments totalling $300. These transition payments will help 6.6 million families and individuals.

Starting in August, a new refundable sales tax credit of up to $260 per year, similar to the GST credit, will be provided for people – including seniors – with low incomes. In addition, eligible low and middle income senior homeowners and tenants will also receive the new Ontario Property Tax Credit, providing seniors with up to $1,025 annually.

There are also many items and services often purchased by seniors that will be exempt from the HST. A few of these include prescription drugs, medical devices, basic groceries and most health care services.

This tax package is a key component of the five-year Open Ontario plan, which supports job creation and enhances the programs and services, including education, health care and skills training, that Ontarians value.