If you’re a low-income earner in Nova Scotia, you may be eligible for the Poverty Reduction Credit from the provincial government.
In this post, you’ll learn about the program, eligibility, how much you can receive, and the poverty cheque dates or payment dates.
Nova Scotia Poverty Cheque Dates 2022
The poverty reduction credit is paid on the same date as the Nova Scotia income assistance payment dates, usually 3 working dates before the end of the month. The poverty cheque dates for 2022 are:
|Benefit Period||Poverty Cheque Dates|
|April 2022||April 27, 28, 29|
|July 2022||July 27, 28, 29|
|October 2022||October 27, 28, 31|
|January 2023||January 27, 30, 31|
If you’re already setup to receive your income assistance as direct deposit, the poverty reduction credit will also be deposited into your bank account.
For those that receive cheques, the delivery dates may vary depending on the mail service in your area. Therefore, it is recommended to enroll for direct deposit to ensure your payments are timely.
What is Poverty Reduction Credit?
The Nova Scotia Poverty Reduction Credit is a quarterly, tax-free financial assistance paid to low-income people or those living in poverty that also receive income assistance. It currently pays an annual benefit of $600 spread over 4 quarterly.
It is a unique program because it is specifically designed for those living in poverty that have NO children.
Note that only one adult per household can receive the credit. That is if you’re married or in a common-law relationship, the credit will be paid to either couple – not both.
Eligibility for PRC
There are four (4) basic criteria to satisfy the eligibility conditions for PRC.
- No child(ren) in the previous year
- You’re an income assistance recipient from January to December of the prior year
- You filed your tax returns for the previous year; and
- Your previous year’s annual adjusted income was below the set threshold.
The current income threshold used to determine the eligibility for the credit is $12,000. However, the amount will increase to $16,000 starting July 2021. That means more people will be eligible for the credit.
How do I Apply for Poverty Reduction Credit?
There are no separate applications for the Nova Scotia Poverty Reduction Credit (PRC). Income Assistance recipients that are eligible for the credit are automatically accessed and paid starting in July of each year using the prior year’s information.
If you have any questions about your eligibility, you can contact the PRC team through 1-866-424-1269.
How much is the Poverty Reduction Credit?
You can receive $125 each quarter for an annual amount of $600. The first payment is paid in July to allow some time for an assessment of the previous years income and circumstances.
The next 3 payments are then received in October, January and April.
|Payment Month||PRC Amount|
Why are people with children excluded from PRC?
Those leaving in poverty that have children would likely be receiving other benefits such as the Canada Child Benefit, Nova Scotia Child Benefit and other benefits reserved for families with children.
The Poverty reduction credit is therefore meant to provide financial assistance to those living in poverty and ineligible for the other family related benefits.
Can I work while receiving PRC?
Your income assistance benefit may be reduced if you work and earn income. However, PRC is only assessed using the previous year’s adjusted income. That means, working and earning some income will not affect your poverty cheque.
Will PRC reduce my other benefits?
No, the quarterly PRC payments do not affect your provincial and federal benefit package. Therefore, it won’t result in any claw back or reduction of your benefits.
Is the Poverty Reduction Credit taxable?
No, PRC is a non-taxable benefit. You won’t have to include it as part of your income when filing your taxes.
Check the post below to learn about the Nova Scotia income Assistance program and how to apply for it if you’re eligible.