Tax Tip-Property Tax credit

Students who are 16 years of age or older and living on their own or with friends might be eligible to claim the Ontario property tax credit  Each student is eligible to claim their portion of the rent towards their Ontario property tax credit.  A student living in a residence which is affiliated with a university, college or nursing school might also be able to claim an occupancy cost of $25 on their tax returns for the portion of the year in which they lived in residence.