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joetextax
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Complete this section if you were a homeowner of at least 55 years of age at the end of 2022 and your net family income is less than $23,750.

Is this means that I do not enter anything under "Manitoba education property tax credit advance
1 Reply

Complete this section if you were a homeowner of at least 55 years of age at the end of 2022 and your net family income is less than $23,750.

If you own or rent a home in Manitoba, you may be eligible to claim the Manitoba education property tax credit to help cover the rent and/or school taxes you pay. A maximum credit of $438 is available for tax year 2022.

Homeowners can claim this credit if:

  • You lived in Manitoba at the end of the year
  • You paid rent or school taxes on a principal residence in Manitoba during the year
  • You were 16 or older at the end of the year
  • You were the only one making a claim (in the case of shared accommodation)

Renters can claim this credit if:

New for 2022 is the Renters Tax Credit (RTC). This refundable credit replaces the former rent component of the Education Property Tax Credit, and allows you to claim a fixed monthly rate of $43.75 per rental month, up to a maximum of $525 per year.

To be eligible, you must meet all of the required criteria:

  • You lived in Manitoba at the end of the year
  • Your principal residence in Manitoba is rented during the year
  • You were 16 or older at the end of the year
  • You were the only one making a claim (in the case of shared accommodation)

Note: You’ve already received your full benefit if you were 65 or older at the end of the year, your family income was more than $40,000, and the tax credit was applied as an advance on your 2022 municipal property tax statement.

 

However, if you did not receive an advance for the Manitoba Education Property Tax Credit, you would not need to enter anything under "Manitoba Education Property Tax Credit Advance" in your tax return.

 

For more information, please visit the Canada Revenue Agency (CRA) page: Education property tax credit

Manitoba education property tax credit

TurboTax FAQs page: How do I claim the Manitoba education property tax credit?

 

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