Every year, thousands of British Columbians miss out on valuable benefits by not filing their taxes. It’s estimated that over 10% of eligible Canadians, including many young people aged 18 to 24, don’t file their taxes. By submitting their returns, most can receive money back or have their taxes reduced.
In B.C., many renters miss out on the renter’s tax credit, which can provide up to $400 for those with adjusted incomes up to $63,000. Renters can claim the credit by filling out Form BC479 when filing their taxes.
Families in B.C. may also benefit from automatic credits like the B.C. family benefit and the climate-action tax credit. The B.C. family benefit provides an average of $2,000 annually to eligible families, while the climate-action tax credit could give up to $1,008 to a family of four.
Help is available through B.C.’s Benefits Connector, which guides individuals to the supports they’re eligible for. Free tax clinics are also available for those with simple tax situations.
Don’t miss out on these important benefits—consider visiting a tax clinic or using the B.C. Benefits Connector to get the support you need this year.
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