Provincial Benefits and Needs-Based Programs Tied to Reported Income
At the provincial level, in BC for instance, MSP premium assistance as well as the Fair PharmaCare deductible is determined by your reported income. The deductible for Fair PharmaCare is the amount you must pay before your eligible prescriptions are covered for the balance of the year. The Fair PharmaCare program in particular restricts retroactive reimbursements, so it’s important to keep your enrolment current to receive the benefits.
Subsidised Daycare, Sports and Activities + Student Loan Applications
If your children attend subsidised daycare or participate in activities eligible for subsidies or grants, eligibility is determined by reported household income because these are needs-based programs. Student loans are another needs-based program and parents’ reported income is often needed on applications for students attending university or college right after high school.
Assisted Living, Nursing Homes, Disability Credits – Reported Income & Consent Vital
For assisted living or nursing home accommodations for seniors or those with a disability, payment is based on affordability which is again determined by the previous year’s reported income.
Provincial programs that are not administered by the federal government require you to consent to CRA sharing your reported income information with the provincial program. It’s not done automatically and it is usually valid until you revoke your consent or when you miss reporting your income via your tax return.
Provincial & Territorial Programs CRA Administers
There are a number of provincial and territorial programs administered by the CRA. These change as often as every year, but again, your eligibility is determined by filing your taxes on time.