Starting in the 2019 tax year, low-income individuals and families in Ontario will be eligible for a new, non-refundable tax credit, based on their annual earnings. This credit, the Low-income Individuals and Families Tax (or LIFT), provides up to $850 in relief to low-income taxpayers, including those earning minimum wage.
With this credit, a single person who works full-time at minimum wage (earning up to $30,000 with no other income), will receive $850 in Ontario tax relief and pay no provincial income tax. Those who earn more than $30,000 will receive less tax relief, based on their reported income amount.
You will not have to directly apply for this credit while filing your return. TurboTax will automatically apply the correct credit amount to your return (should you qualify), based on the income you report in your return. You will see a final amount deduction in the summary portion of the Provincial tax.