British Columbia renter's tax credit says value is zero

Forum|Forum|2 years ago
March 4, 2024
1 reply
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Hi there, I'm trying to claim the new BC renter's tax credit. Under "British Columbia Tax Credits" I check the checkbox "NEW! BC renter's tax credit". Then I hit continue and fill out my renting info like address, rent paid etc., hit continue but then in the "British Columbia tax and credits summary" it says "British Columbia renter's tax credit: 0.00". Why is that and how do I fix it?

And second question while I'm here, there seems to be conflicting information on whether rent paid refers to monthly or yearly rent. Which one is it? Thank you!

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GHarpe

I have just entered the credit on a return and it does show up on line 47900 as seen in the image below on the Detailed Tax Summary. You enter the total rent you paid in the year or months you lived there, i.e.: 12 x $1000. = $12,000 to be entered for 12 months.

Starting in the 2023 tax year, a renter's tax credit based on annual income has been introduced. For 2023 this tax credit will give $400 to low- and moderate-income renter individuals and families with an adjusted income of $60,000 or less. Individuals and families with an adjusted income greater than $60,000 and less than $80,000 may receive a reduced amount.

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SarahKamilAuthor

Hi there, thanks so much for the fast reply! Unfortunately on line 47900 it just says 0 for me. I'm not sure why?

GHarpe

Is your income higher than mentioned above? In order to help you with this situation, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen to help resolve the issue. To contact them, please follow this link: Contact Us.

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