103.0.6 (1) An individual, who is an eligible individual for a taxation year ending after December 31, 2021, may claim an amount in respect of and not exceeding the individual’s Ontario seniors care at home tax credit for the year. 2022, c. 17, Sched. 5, s. 5. Eligible individual (2) An individual is an eligible individual for a taxation year for the purposes of this section if both of the following are satisfied: 1. The individual is resident in Ontario on the last day of the year. 2. Any of the following conditions are satisfied: i. The individual is at least 69 years of age on December 31 of the calendar year preceding the taxation year. ii. On December 31 of the calendar year in which the taxation year ends, the individual has a spouse or common-law partner who, on that date, was at least 70 years of age. iii. The individual had a spouse or common-law partner who died in the taxation year and that spouse or common-law partner was at least 69 years of age on December 31 of the calendar year preceding the taxation year. 2022, c. 17, Sched. 5, s. 5. Amount of tax credit (3) The amount of an individual’s tax credit under this section for a taxation year is equal to the amount calculated using the formula, A – B in which, “A” is the lesser of $1,500 and the amount calculated using the formula, 0.25 × (C/D) in which, “C” is the amount of tax credit for medical expenses under subsection 9 (20) that the individual deducted in computing the amount of their tax payable under Division B of Part II for the year, and “D” is the lowest tax rate for the year as defined in subsection 3 (1), and “B” is the individual’s reduction amount for the year as determined under subsection (4). 2022, c. 17, Sched. 5, s. 5. Reduction amount (4) An individual’s reduction amount for a taxation year is equal to the amount calculated using the formula, 0.05 × (E – $35,000) in which, “E” is the total of, (a) the individual’s income for the taxation year, and (b) if the individual has a spouse or common-law partner on December 31 of the calendar year in which the taxation year ends, the income of that spouse or common-law partner for all taxation years that end in that calendar year. 2022, c. 17, Sched. 5, s. 5. Interpretation — split income (5) For the purposes of subsection (4), an individual’s income for a taxation year is deemed to be the individual’s income for the year, if that income were computed without reference to paragraph 20 (1) (ww) of the Federal Act. 2022, c. 17, Sched. 5, s. 5. Bankruptcy (6) The amount of an individual’s tax credit under this section for a taxation year is deemed to be nil if the individual is bankrupt at any time in the calendar year containing the taxation year. 2022, c. 17, Sched. 5, s. 5. Relation to other credits (7) Despite paragraph 248 (28) (b) of the Federal Act as it applies for the purposes of this Act, an individual may include the same expenses for the purpose of determining their tax credit under this section and for the purpose of calculating their tax credit for medical expenses under subsection 9 (20) of this Act. 2022, c. 17, Sched. 5, s. 5. Section Amendments with date in force (d/m/y) 2022, c. 17, Sched. 5, s. 5 - 08/09/2022 Children’s activity tax credit