Example #1 - Single parent Two Children ages 2 & 4 Employed part time Annual employment income $15000.00 PLUS Benefits based on tax filing: GST Refundable Credit $ 866.00 ($216.50 paid quarterly) Canada Child Benefits: $12991.92 ($1082.66 paid monthly) Working Income Tax Benefit: $ 1894.00 (with refund OR part paid quarterly) MB Rent Assist Benefits: $ 5244.00 ($437.00 paid monthly) Manitoba Child Benefit $ 840.00 ($70.00 paid monthly) Mb Personal Tax Credit $ 266.00 (refund upon tax filing) TOTAL ADDITIONAL BENEFITS $22101.92
Example #1 - Single parent Two Children ages 2 & 4 Employed part time Annual employment income $15000.00 PLUS Benefits based on tax filing: GST Refundable Credit $ 866.00 ($216.50 paid quarterly) Canada Child Benefits: $12991.92 ($1082.66 paid monthly) Working Income Tax Benefit: $ 1894.00 (with refund OR part paid quarterly) MB Rent Assist Benefits: $ 5244.00 ($437.00 paid monthly) Manitoba Child Benefit $ 840.00 ($70.00 paid monthly) Mb Personal Tax Credit $ 266.00 (refund upon tax filing) TOTAL ADDITIONAL BENEFITS $22101.92 TOTAL ANNUAL INCOME $37101.92 ($15000+22101.92)
Example #2 Single parent with disabled child Two Children ages 2 & 4 One child is disabled and eligible for the Disability Tax Credit Employed part time Income of: $15000 from employment
Example #2 Single parent with disabled child Two Children ages 2 & 4 (One Child is Disabled) Employed part time Annual employment income $ 15000.00 PLUS Benefits based on tax filing: GST Refundable Credit $ 866.00 ($216.50 paid quarterly) *Canada Child Benefits: $15762.84 ($1313.57 paid monthly) Working Income Tax Benefit: $ 1894.00 (with refund OR part paid quarterly) MB Rent Assist Benefits: $ 5244.00 ($437.00 paid monthly) Manitoba Child Benefit $ 840.00 ($70.00 paid monthly) *MB Personal Tax Credits $ 379.00 (refund upon tax filing) MB Primary Caregiver credit $ 1400.00 (refund upon tax filing) TOTAL ANNUAL INCOME $ 41385.84 *includes supplemental disability benefit
Example #3 Widowed Senior - EMPLOYED aged 60, Disabled, Never remarried or in common-law relationship since death of spouse Part time job $4800 annually CPP Survivor Pension $3000 annually Total $7800
Example #3 Widowed Senior - EMPLOYED aged 60, Disabled, Never remarried or in common-law relationship since death of spouse Part time job $ 4800.00 CPP Survivor Pension $ 3000.00 PLUS: Benefits based on tax filings Allowance for the Survivor $ 12440.88* ($1036.74 monthly) GST Refundable Credit $ 433.00 (paid quarterly as $108.25) Working Income Tax Benefit $ 303.64** Mb Rent Assist $ 1088.88*** Mb refundable credit $ 106.00 (net personal tax credit) Mb STAT 55+ $ 71.00 (school tax rebate for tenants 55+) Total $22243.40 *first $3500 of employment earnings excluded in the calculations for OAS supplement programs **Benefit amount can be paid as a 50% advance paid quarterly and the remaining 50% paid with tax refund *** Rent Assist Amount per on line 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
Example #4 Widowed Senior NOT employed Age 60, Disabled, living in private rental market Never remarried or in common-law relationship since death of spouse CPP Survivor Pension $ 7800.00
Example #4 Widowed Senior NOT employed Age 60, Disabled, living in private rental market Never remarried or in common-law relationship since death of spouse CPP Survivor Pension $ 7800.00 PLUS: Benefits based on tax filings Allowance for the Survivor $ 8936.88 ($744.74 per month) GST Refundable Credit $ 433.00 (paid quarterly as $108.25) Mb Rent Assist $ 2070.00*** Mb refundable credit $ 140.64 (net personal tax credit) Mb STAT 55+ $ 141.00(school tax rebate for tenants 55+) Total ($7800 + $11721.52) $19521.52 *** Rent Assist Amount per on line 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
Example #5 Senior couple both over 65 paying $950 per month rent in private rental market Old Age Security spouse 1 $ 7160.00 Old Age Security spouse 2 $ 7160.00 CPP Retirement Pension $ 5000.00 Registered Pension $ 5000.00 Total Income without tax filing: $24320.00
Example #5 Senior couple both over 65 paying $950 per month rent in private rental market Old Age Security spouse 1 $ 7160.00 Old Age Security spouse 2 $ 7160.00 CPP Retirement Pension $ 5000.00 Registered Pension $ 5000.00 PLUS: Benefits based on tax filings GIS spouse 1 $ 3472.32 ($289.36 per month) GIS spouse 2 $ 3472.32 ($289.36 per month) GST Refundable Credit $ 568.00 (paid quarterly as $142.00) Mb refundable credits $ 1092.00* Total ($24320+$8604.64 ) $32924.64 *includes net personal tax credits and Mb Education/Property tax credit (rent credit)