keep this website free for you. TaxTips.ca does
not research or endorse any product or service appearing in
ads on this site.
Before making a major financial decision you
should consult a qualified professional.
Non-Refundable Personal Tax Credits - Base Amounts
The tax credits in this table have been calculated using the indexation
factors shown in the bottom line of the table. The indexation factors and
most tax credits
have been confirmed to Canada Revenue Agency information.
equivalent to spouse amount is now same as the spousal amount, as announced in
the PE 2016 Budget. The budget also
announced increases to the basic personal amount, spousal amount, and eligible
dependant amount, as indicated above. (2)
n/a means there is no cap on the amount of medical expenses for other
eligible dependants. (3) The Family
Caregiver Amount (FCA) of $2,150 is added to these amounts in certain
circumstances, for Federal and Yukon tax credits. The income threshold, if
applicable, is also increased by the FCA. The
Family Caregiver Amount is still available to infirm minor children. (4) Federal adoption tax credit
increased to $15,000 as per 2014
Budget, indexed after 2014. BC and YT use the federal amount. (5) For Quebec taxpayers, each federal tax credit is, in
effect, reduced by 16.5% as a result of the federal
tax abatement. (6) The 2016
federal budget eliminated the education and textbook credits for 2017 and
later years. The education and
textbook credits for all provinces (except Alberta) and territories have
legislative provisions that are dependent on the federal credits, so in order
for these credits to be retained, legislative changes would have to be
made. For these credits to be eliminated in Alberta, legislative changes
would have to be made. The Alberta government has said "Should the education tax credit be changed or eliminated federally, Alberta will assess the implications for its own education tax credit at that time."
It seems logical that they would also eliminate the credit, so we have shown it
eliminated above. (7) The NL
2016 Budget increased tax rates, with 8.7% being the lowest tax rate
effective July 1, 2016. (8) The MB
2016 Budget indicated that the basic personal amount would be indexed for
inflation starting in 2017. Other tax credit amounts are not indexed.
Every taxpayer gets a tax credit for the basic personal amount, so any
person can earn taxable
income of $11,635 in 2017 without
paying any federal tax, and can earn anywhere from $8,000
to $18,691, depending on the province or territory in which
they live, without paying any provincial or territorial tax.