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Non-Refundable Personal Tax Credits - Tax Amounts
Amount x Tax Rate)
The tax credits in this table are the amounts to be deducted from the tax
payable. Some of the tax credits are reduced when
income exceeds a certain level. All tax amounts are rounded to the
nearest dollar. 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 maximum medical expenses for
other eligible dependents. (3) The Family
Caregiver Amount is added to these amounts in certain circumstances, for
Federal and Yukon tax credits. The Family Caregiver Amount
is still available to infirm minor children. (4)
For Quebec taxpayers, each federal tax credit is, in
effect, reduced by 16.5% as a result of the federal
tax abatement. (5) The 2016
federal budget eliminated the
education and textbook tax credits for the 2017 and later
taxation 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
eliminated it above. (6) The NL
2016 Budget increased tax rates, with 8.7% being the lowest tax rate
effective July 1, 2016.