Examples of tax return benefits
These examples, developed by Community Financial Counselling Services, illustrate the significant benefits you can receive by filing annual tax returns (also in Tax Examples - 2019 [pdf]).

Example 1 - Single parent, 2 children ages 2 & 4

Living in private rental market. Employed part time.
Annual employment income  $15,000
GST Refundable Credit  ($221.50 paid quarterly) $886.00
Canada Child Benefits ($1106.50 paid monthly) $13,278.00
Canada Workers Benefit (with refund OR part paid quarterly) $1,922.00
MB Rent Assist Benefits ($487.00 paid monthly) $5,844.00
MB Child Benefit ($70.00 paid monthly)   $840.00
MB Personal Tax Credit (refund upon tax filing) $266.00
Climate Action Incentive (refund upon tax filing) 297.00
Total Additional Benefits     $23,333.00
TOTAL ANNUAL INCOME ($15,000 + $23,333)
(using 2019 figures with 2018 income thresholds)
$38,333.00

Example 2 - Widowed Senior aged 60, disabled.

Living in private rental market. Employed part time.
Never remarried or in common-law relationship since death of spouse.
Annual income $7,800 (CPP Survivor Pension $3,000 and part time job $4,800)

Allowance for the Survivor ($1,074.92 per month)* $12,899.04
GST Refundable Credit (paid quarterly as $110.75) $443.00
Canada Workers Benefit** $285.09
Manitoba Climate Action Incentive (refund upon tax filing) $170.00
Manitoba  Rent Assist*** $1,026.36
Manitoba Personal Tax Credit (refund upon tax filing) $101.01
Manitoba STAT 55+ (school tax rebate for tenants 55+)  $63.00
Total Additional Benefits      $14,987.50
TOTAL ANNUAL INCOME ($7,800 + $14,987.50)
(using 2019 figures with 2018 income thresholds)
$22,787.50
*First $3,500 of employment earnings excluded in the calculations for OAS supplement programs. Increases to $5,000 in 2020.
** Includes Disability Supplement. Benefit amount can be paid as a 50% advance paid quarterly and the remaining 50% paid with tax refund.
***Rent Assist Amount per online estimator – calculated inclusive of Allowance for Survivor - amounts could be higher due to benefits for consumers with OAS income calculated based on a 'rolled back' income level.

 


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