(1/2) #DYK there are two types of tax credits?
✅Non-refundable credits reduce the tax you owe.
✅Refundable credits are also available even if you don't owe tax.
Ministry of Finance
@ONfinance
Official account of Ontario’s Ministry of Finance. Terms of use ontario.ca/SocialTerms. En français : @ONfinances
- (1/2) Saving for your child’s education? A Registered Education Savings Plan (RESP) can help – it’s a smart way to save for post-secondary education, with tax-free growth and government grants.
- ☀️ Summer isn't over yet! Keep an eye out for our upcoming summer quizzes and test your knowledge while the sunny days last. It's a great opportunity to build your financial literacy, learn something new, and challenge yourself before the season wraps up. Stay tuned!🌻📝
- (1/2) The Civic Holiday long weekend has arrived! Spend time with friends and family and get outdoors to enjoy all that Ontario has to offer. Visit local community festivals and fairs, take in an outdoor concert, explore an attraction, or check out a local market.
- (1/2) #DYK the government has an Ontario Benefits Finder to help people, including those with disabilities, find programs that help cover costs like housing, healthcare services, prescription drugs and more.
