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If elected, the NDP pledged to allow seniors to defer property taxes

Ontario's NDP Party announced it would implement property tax deferrals for senior citizens in the coming month. This was announced by NDP Leader Andrea Horwath said on Friday. Residents aged more than 55 would be eligible for the program that would allow the province for paying their taxes during the interim, said the NDP leader.

Ontario’s NDP Party announced it would implement property tax deferrals for senior citizens in the coming month. This was announced by NDP Leader Andrea Horwath said on Friday.

Residents aged more than 55 would be eligible for the program that would allow the province for paying their taxes during the interim, said the NDP leader.

The homeowner can then reimburse the province when they sell their house. “We want to see seniors be able to afford to stay in their homes longer so we have a plan to help with the property taxes so that seniors who are at a bit of a financial crossroads can take that weight off of their backs,” Horwath said at a campaign stop.

She said that the measure can save around $375 per month for somebody who pays $4,500 annually in taxes.

This program is one of the party’s plans to minimise costs for seniors. The plan also included $1 billion in-home care to help seniors live at the house for a longer period.
According to Horwath, if a resident dies without repaying his or her deferred taxes, that would be dealt with in their estate.
“In some cases that’s the very barrier that people have to be able to financially manage to stay in their own home,” Horwath said.

The program will give access to the seniors to use the money to pay for their other expenses. Particularly, with living costs and a rise in inflation.

 

Published by:
Harwinder Kaur

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