Rent payment claims are only available as tax credits in certain provinces. Here's how to claim rent payments in Wealthsimple Tax based on your location:
Ontario residents:
- Navigate to the Personal Information section in your profile
- Go to the Ontario Trillium Benefit subsection
- Answer "Yes" to the question "Will you apply for the Ontario Trillium Benefit?"
- This will add the Ontario Trillium Benefit: Property and Energy Tax Grants and Credits section to your profile
- Alternatively, you can manually add the Ontario Trillium Benefit: Property and Energy Tax Grants and Credits section to your profile
- In the newly added section, answer "Yes" to the question "Apply for the: Ontario energy and property tax credit?"
- Enter your rent information as prompted
Manitoba residents:
- Navigate to the Personal information section in your profile
- Go to the Manitoba Tax Credits subsection
- Answer "Yes" to the question "Will you apply for the personal tax credit, education property tax credit and/or school tax credit?"
- This will add the Manitoba Tax Credits section to your profile
- Alternatively, you can manually add the Manitoba Tax Credits section to your profile
- In the newly added section, answer "Yes" to the question "Claim the residential renters tax credit, education property tax credit, and/or school tax credit?"
- Enter your rent information as prompted
Québec residents:
- Navigate to the Personal information section in your profile
- Go to the Revenu Québec subsection
- Answer "Yes" to the question "Will you claim the Solidarity Tax Credit?"
- This will add the Solidarity Tax Credit section to your profile
- Alternatively, you can manually add the Solidarity Tax Credit section to your profile
- In the newly added section, answer "Yes, I rented it" to the question "Did you own or rent your home?"
- Report the amount from your RL-31 slip in this section
For self-employed individuals or employees with work-from-home expenses:
- You can enter your rent where you claim your use-of-home expenses.
Important notes:
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Ensure you meet the eligibility criteria for the credit
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Keep all rent receipts and supporting documents for your records
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The amount of your credit may vary based on your age, marital status, and income
Remember:
- Ensure you meet all eligibility criteria for your province's rent-related tax credits
- Report accurate information based on your rent receipts and RL-31 slip (for Québec residents)
If you need help locating these sections in Wealthsimple Tax, please contact Wealthsimple support. For questions about your eligibility to claim rent payments, consider consulting with a tax expert.
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