What tax benefits are there for people 60 or over, 65 or over, or 70 or over? Read more.

Available Tax Benefits From The IRS Can Assist Elderly Persons (Photo: GTA Accounting)

There are several tax benefits based on your age at the end of the year. These are the examples

1. Once you turn 60, you could receive the tax benefits for a career extension if you earned eligible job income.
2. Once you turn 65, you may be eligible for tax benefits:
3. the age amount
4. the deduction for retirement income transferred to a spouse
5. the grant for seniors to offset a municipal tax increase
6. Once you turn 70, you can claim the following refundable tax benefits:
7. the tax benefits for home-support services for seniors
8. the independent living tax benefits for seniors
9. the senior assistance tax benefits

Note that conditions apply for all these tax benefits.

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Who can claim the tax benefits for home-support services for seniors?

To claim the tax benefits for home-support services for seniors, you must:

1. be 70 or over
2. live in Québec at the end of the year for which you’re claiming the credit
3. If you meet the two conditions in claiming tax benefits, you can claim the tax benefits, regardless of your level of autonomy.

If you turned 70 during the year, only the expenses paid for services rendered as of your 70th birthday qualify for this tax benefit.

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