Province outlines tax changes coming in 2021

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Families with children enrolled in sports, arts and cultural programs this year will be able to claim the Active Families benefit on their 2021 taxes.

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The benefit provides a non-refundable credit of $150 per year for eligible families. Those with children with a disability get an additional $50.

As well, home renovation expenses incurred between October 2020 and December 2021 can be claimed through the Home Renovation Tax Credit.

The credit can save homeowners up to $1,155 by claiming 10.5 per cent on up to $11,000 of expenses. Next year, another $945 can be saved on expenses incurred between January 2022 and December 2022.

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