Context
In 2015, the Québec Government decided to offer seniors a grant to help offset significant municipal tax increases. The aim of the grant is to help financially taxpayers who are affected by a significant increase in the value of their residence. As of January 1, 2016, municipalities must inform owners of a residential assessment unit consisting of only one dwelling, that they may be eligible for a potential grant. This grant is given if there is a large increase in the value of a residence.
For the City of Dollard-des-Ormeaux, the significant increase is set at 25.02%, for the 2020-2022 Property Assessment Roll.
Who is entitled to obtain the grant?
You may be entitled to apply for the grant if you meet all of the following conditions:
- On December 31 of the 2019 taxation year you:
- were residing in Québec;
- were 65 years or over;
- had owned your residence for at least 15 consecutive years (note that this period can include a period during which your spouse owned the residence before transferring ownership to you);
- Your net family income for the 2019 taxation year was $52,600 or less;
- Your residence is an entirely residential assessment unit consisting of only one dwelling, and it serves as your principal residence;
- You received ( or were entitled to receive) a municipal tax bill in your name for the residence for the current year (2020); and
- Your residence is subject to an increase in the value of the residential assessment unit higher than 25.02%.
How will the grant be established?
We will apply the general tax rate on the value of the dwelling that exceeds the average increase of one unit dwellings in the municipality (maximum grant: $500).
Subject to exceptions, the amount of the grant will stay the same for all the subsequent years of the 2020-2022 Property Assessment Roll. Exceptions may be due to the variation of the value of the property during the Roll.
Example – Variation of value and grant calculations
General Property Tax (2020): | $0.936 per $100 of evaluation |
|---|---|
Property evaluation before the Roll filing: | $200,000 |
Property evaluation at Roll filing: | 275,000 $ |
Value increase (A): | 37.50 % |
Grant Threshold for the City (B): | 25.02 % |
Increase to consider (A) – (B): | 12.48 % |
GRANT : | 200,000 $ X 12.48 % X 0.936 $ / 100 $ =
233.63 $ |
The amount of the potential grant appears in box A of form FM-210.1 (2019-10), Amount of the Potential Grant to Offset a Municipal Tax Increase.
For more information about the grant, see the instructions given on form TP-1029.TM-V (2019-11), Grant for Seniors to Offset a Municipal Tax Increase.
How is the grant implemented and administered?
City of Dollard-des-Ormeaux:
- The role of the City is to identify and inform residential owners of the amount of the potential grant which they may be eligible to apply for.
- If the residential dwelling is eligible, you will receive a personalized letter as well as the prescribed form FM-210.1 (2019-10) Amount of the Potential Grant to Offset a Municipal Tax Increase. The amount of the potential grant will be filled in the City of Dollard-des-Ormeaux, in box A of form FM-210.1 (2019-10).
Revenue Québec – Financial Aid
- The request for the potential grant and the validation of the qualifying conditions will be done by the residential owners when they will produce their Income Taxes.
- The financial aid will be a credit to record on line 462, if applicable, of the provincial Income Taxes returns.
- For more information, please contact client services at Revenue Québec.
- 418 659-6299 (Québec area);
- 514 864-6299 (Montréal area);
- 1 800 267-6299 (free of charge)
- www.revenuquebec.ca
