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Low Income Tax Reduction

• The low income tax reduction is a provincial personal income tax reduction for low income individuals and families.
• For the 2010 taxation year, the program will eliminate provincial income tax for individuals with net income up to $16,022 or for families with net income up to $26,811. Partial tax reductions will be received by individuals with net income up to $19,535 or for families with net income up to $32,086.
• For the 2011 taxation year, the program will eliminate provincial income tax for individuals with net income up to $16,343 or for families with net income up to $27,348. Partial tax reductions will be received by individuals with net income up to $19,918 or for families with net income up to $32,723.
• The Low Income Tax Reduction income thresholds are increased annually utilizing the provincial Consumer Price Index.

Reference to the Low Income Tax Reduction can be found here:

• Income Tax Act

For more information respecting Low Income Tax Reduction please contact: