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| *The Commerce Journal>>>Canada Taxes |
Do people on welfare in ontario pay tax? |
Do people on welfare in ontario pay tax? Great question! On the surface it would seem that people receiving welfare would not be paying taxes to the Federal government or the Province of Ontario. But that may not necessary be the case. When you receive welfare (Social Assistance) you receive a T5007 at the end of the year. This amount must be reported as income on the income section of the tax return. This amount is deducted later on on the tax form, between the net income section and the taxable section. Assuming there is no other income your taxable income is now zero, 0, etc. But the assistance is still there at the net income part of the tax return, and this is where the catch is. If the amount at the net income is high enough (and some amounts are, especially if there is some other income to report) this could reduce your amount of credits you are entitled to. These could be GST credit or Child tax Credit. Hope this helps. far as i know no one on welfare pays taxes.thats what gives them the welfare check |
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