The 2011 Budget proposed to introduce a Family Caregiver Tax
Credit, beginning in 2012. The legislation is included in Bill
C-13, which received Royal Assent (became law) on December 15, 2011.
Yukon is also providing the Family Caregiver Tax Credit.
This will be a non-refundable tax credit
based on an amount of $2,000, at the lowest tax rate of 15% federally,
7.04% for Yukon. Only
one family caregiver amount will be available in respect of each infirm
dependent.
This tax credit will provide an increase of $2,000 to
the spousal amount, if the spouse or
common-law partner is dependent on the individual by reason of mental
or physical infirmity
the equivalent to spouse amount, if
the dependent who is age 18+ at the end of the
year is, at any time in the year, dependent on the individual by
reason of mental or physical infirmity
the dependent who is under 18, is not a
child for whom the taxpayer is claiming the child amount, and
who, by reason of mental or physical infirmity, is likely to be,
for a long and continuous period of indefinite duration, dependent
on others for significantly more assistance in attending to the
dependent person's personal needs and care, when compared to
persons of the same age, and was so dependent on the individual at
any time in the year
the child amount, for each child who, by
reason of mental or physical infirmity, is likely to be, for a long
and continuous period of indefinite duration, dependent on others for
significantly more assistance in attending to the child's personal
needs and care, when compared to children of the same age
the caregiver amount, if the person is
dependent on the individual by reason of mental or physical infirmity
the infirm dependent (18+ years of age) amount
in addition to the $2,000, the infirm dependent
base amount will be increased. The 2011 amount is $10,358
less the greater of $6,076 or the dependent's income, resulting in
$4,282 when the dependent's income is less than $6,076. When
the 2012 indexed amounts are calculated, the amount of $10,527
will be used as a base for indexation instead of $10,358, and then
the $2,000 will be added. See the 2012 table of
non-refundable tax credits for 2012 amounts.
The $2,000 will be indexed for inflation starting in
2013.
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