The Province of Nova Scotia is introducing the Affordable Living Tax Credit and the Poverty Reduction Credit to help make life more affordable for low income individuals and families.
Nova Scotia Affordable Living Tax Credit (ALTC)
The Affordable Living Tax Credit provides tax-free quarterly payments to eligible Nova Scotians beginning July 1, 2010.
- You must be a Nova Scotia resident.
- You need to file an Income Tax return each year for the Canada Revenue Agency to determine your eligibility for the credit. Payments from July 2011 to June 2012 are based on the 2010 tax return.
- Payments are made by the Canada Revenue Agency at the same time as the Federal GST/HST credit payments.
- The credit provides a base amount of $245.28 for individuals or couples and $58.25 per child each year. The credit is reduced by $0.05 for every dollar of adjusted family income over $30,000.
Questions about the Affordable Living Tax Credit?
You may contact the Canada Revenue Agency at 1-800-959-1953 or click here to read more about the Affordable Living Tax Credit.
The Poverty Reduction Credit (PRC)The Poverty Reduction Credit provides tax-free quarterly payments to eligible Nova Scotians beginning July 1, 2010.
- Individuals and couples that receive income assistance, have no children and have annual adjusted income below $12,000 may be eligible.
- The Poverty Reduction Credit will provide a payment of $51.10 each quarter during July 2011 to June 2012 ($204.40 for the year).
- Only one person of the married or common-law couple can receive the credit on behalf of the family.
- Payments from July 2011 to April 2012 are based on eligibility determined by the Department of Community Services.
- You need to file your Income Tax Return each year, for the Department of Community Services to determine your eligibility for the credit and provide payments.
Questions about the Poverty Reduction Credit?
Click here to read more about the Poverty Reduction Credit. (PDF)
You may contact the Department of Community Services for more information about the Poverty Reduction Credit: 1-866-424-1269