The Low Income Tax Reduction (LITR) is a provincial personal income tax reduction for low income individuals and families.

For the 2024 taxation year, the LITR will eliminate provincial income tax for individuals with net income up to $23,390 or for families with net income up to $39,551. Partial tax reductions will be received by individuals with net income up to $29,478 and for families with net income up to $49,039.

For the 2025 taxation year, the LITR will eliminate provincial income tax for individuals with net income up to $23,928 or for families with net income up to $40,460. Partial tax reductions will be received by individuals with net income up to $30,159 and for families with net income up to $50,173.

The LITR income thresholds are increased annually utilizing the provincial Consumer Price Index.

Legislative reference to the Low Income Tax Reduction can be found here: Income Tax Act

For more information respecting Low Income Tax Reduction please contact: