As we approach the 2025 tax season, it’s crucial for seniors to file their income taxes, even if they don’t owe any money. The deadline for most individuals to file is April 30, 2025. However, if you or your spouse or common-law partner are self-employed, you have until June 15, 2025. Regardless of whether you’re required to pay taxes, filing your return on time is essential for maintaining your eligibility for vital benefits and credits that support your quality of life in retirement.
One of the main reasons it’s so important for seniors to file their taxes is that many federal and provincial supports are based on your annual income tax return. These supports include the Canada Dental Care Plan, the Guaranteed Income Supplement (GIS), and Shelter Aid for Elderly Renters. Without a proper and timely tax return, your eligibility for these programs could be interrupted, and you may risk losing out on valuable financial assistance. Even if you think you don’t need to file taxes because you have a modest income, you could be missing out on refundable tax credits or additional government support that could provide some relief.
For those who may need assistance with filing, there are many free tax clinics available. Many senior centres and local community organisations host tax clinics specifically for older adults. It’s a good idea to call ahead to confirm the schedule and whether an appointment is required, as some clinics operate on a walk-in basis, while others might require pre-booking. The BC Senior Advocate, along with other government services, provides links and contact information to help you find these services.
If you’re not comfortable navigating online resources, don’t worry—help is just a phone call away. I’m always here to assist in finding a local clinic or getting the contact details for a nearby tax assistance service. Never hesitate to reach out and call.
Comments:
Post Your Comment: