Do i enter the MB education property tax credit advance if I am under 55?
the Manitoba School Tax Credit & the Seniors' School Tax Rebate page says to complete the section if you were a homeowner of at least 55 tears of age at the end of 2024 and your net family income is less than $23,750.00 I am not over 55, but the $350 MB education property tax credit advance received was populated on the form. Should I delete it or leave it?
Do i enter the MB education property tax credit advance if I am under 55?
Manitoba Education Property Tax Credit: Renters and homeowners may qualify for $350.00 in tax savings under this credit for the 2024 tax year, intended to cover the school taxes you pay through your property taxes. The credit can only be claimed once per dwelling. In 2025, it will be replaced by the Homeowners Affordability Tax Credit which offers up to $1,500 to help manage education property taxes on principal residences.
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