TaxTips.ca - 2007 Non-refundable personal tax credits

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2007 Tax Credits - Tax Amounts

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Personal Tax -> Non-refundable personal tax credits -> 2007 tax amounts

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.

Tax Credit Type	2007 Non-Refundable Tax Credits - Tax Amounts (Base Amount x Tax Rate)
Tax Credit Type	Federal 15.00% (2)(7)	NL 9.64% (6)	PE 9.8% (4)(9)	NS 8.79%	NB 10.12% (3)	ON 6.05%	MB 10.9%	SK 11%	AB 10% (5)	BC 5.70% (1)	YT 7.04% (8)	NT 5.9%	NU 4%
Basic personal amount(4)(7)(8)	$1,440	$721	$741	$658	$834	$517	$854	$966	$1,544	$515	$676	$715	$446
Spousal/equivalent-to-spouse amount (2)(4)(7)(8) except for PE - see below	1,440	590	629	558	708	439	707	966	1,544	441	676	715	446
-reduced when spousal/dependent income exceeds(2)(4)(8)	0	612	642	635	700	726	649	878	0	773	0	0	0
-eliminated when spousal/dependent income exceeds(2)(4)(7)(8)	9,600	6,728	7,062	6,987	7,696	7,988	7,131	9,656	15,435	8,502	9,600	12,125	11,149
Age amount (65+ years of age)(4)	777	339	362	321	407	253	406	457	430	231	364	350	334
-reduced when income exceeds(4)	30,936	26,180	27,480	27,193	29,948	31,087	27,749	30,936	32,020	30,132	30,936	30,936	30,936
-eliminated when income exceeds(4)	65,449	49,627	52,087	51,546	56,768	58,928	52,602	58,643	60,693	57,119	65,449	70,476	86,676
Senior supplementary amount (65+ years of age)	0	0	0	0	0	0	0	121	0	0	0	0	0
Disability amount (9)	1,034	487	675	390	675	418	674	758	713	386	485	580	446
Disability amount supplement for taxpayers under 18 years of age (9)	603	229	394	267	394	244	393	442	416	225	283	237	161
-reduced when total child care and attendant care expenses claimed for this taxpayer by anyone exceed (9)	2,354	2,000	2,354	2,069	2,278	2,361	2,112	2,354	2,437	2,293	2,354	2,354	2,354
-eliminated when above expenses exceed (9)	6,373	4,377	6,373	5,112	6,169	6,392	5,717	6,373	6,597	6,242	6,373	6,373	6,373
Caregiver amount for in-home care of parent or grandparent 65+ years of age, or of infirm adult relative	603	229	240	380	394	244	393	442	416	225	283	237	161
-reduced when relative's income exceeds	13,726	11,615	11,953	12,064	13,288	13,792	12,312	13,726	14,206	13,368	13,726	13,726	13,726
-eliminated when relative's income exceeds	17,745	13,992	14,399	16,384	17,179	17,823	15,917	17,745	18,366	17,317	17,745	17,745	17,745
	Federal	NL	PE	NS	NB	ON	MB	SK	AB	BC	YT	NT	NU
Infirm dependent amount (18+ years of age)	603	229	240	217	394	244	393	442	416	225	283	237	161
-reduced when dependent income exceeds	5,702	5,108	4,966	5,013	5,520	5,731	5,115	5,702	5,902	6,292	5,702	5702	5,702
-eliminated when dependent income exceeds	9,721	7,485	7,412	7,481	9,411	9,762	8,720	9,721	10,062	10,241	9,721	9,721	9,721
Child amount for dependent children under 18 (19 in SK) (each)(2)	300	0	0	0	0	0	0	302	0	0	141	0	0
Child amount for dependent children under 6 (each, maximum per year)	0	0	118	105	0	0	0	0	0	0	0	0	48
Pension income amount lesser of eligible pension income or	300	96	98	91	101	72	109	110	119	57	141	59	40
Medical expense tax credit is for expenses in excess of the lesser of 3% of net income or	1,925	1,630	1,678	1,637	1,864	1,936	1,728	1,926	1,994	1,877	1,925	1,925	1,925
Maximum medical expenses for other eligible dependents (each)	1,550	964	980	879	506	631	1,090	1,100	1,056	570	704	295	200
Tax credit for medical for other dependents is for expenses in excess of the lesser of 3% of dependent's net income or	1,925	1,630	1,678	1,637	1,864	1,937	1,728	1,926	1,994	1,877	1,925	1,925	1,925
Eligible adoption expenses - maximum per child (1)	1,567	1,007	0	0	0	632	1,090	0	1,056	595	735	0	0
Education - part time per month(4)(5)	18	6	12	5	12	8	13	13	18	3	8	7	5
Education - full time per month(4)(5)	61	19	39	18	40	28	44	44	60	11	28	24	16
Textbooks - part time per month	3	0	0	0	0	0	0	0	0	0	1	0	0
Textbooks - full time per month	10	0	0	0	0	0	0	0	0	0	5	0	0
Canada employment amount	150	0	0	0	0	0	0	0	0	0	150	0	0
	Federal (2)(7)	NL	PE (4)	NS	NB (3)	ON	MB	SK	AB (5)	BC (1)	YT	NT	NU

(1) BC provincial budget
        - tax rate reduced from 6.05% to 5.70%. All tax credit amounts revised
       -new adoption expense tax credit
(2) Federal March 2007 budget
        - new child amount for dependent children under 18
        - increased spousal amount
(3) NB tax credit rate increased from 9.68% to 10.12% as per March 2007 provincial budget. All tax credit amounts revised.
(4) PE changes to personal, spousal, age, tuition and education amount tax credits as per April 10, 2007 provincial budget. However, PE did not increase the equivalent to spouse amount. The equivalent to spouse tax credit amount for PE for 2007 is $617, reduced when dependent income exceeds $629, and eliminated when dependent income exceeds $6,923.
(5) AB changes to education amount tax credit as per April 19, 2007 provincial budget
(6) NL changes as per April 26, 2007 provincial budget
(7) Federal Tax Relief announced October 30, 2007.
(8) Yukon personal and spousal/equivalent (and other non-refundable tax credit amounts) are the same as federal.
(9) PE increased the disability amount and supplement, and corresponding thresholds, to federal amounts - Aug 15, 2007 news release.

Go directly to 2007 tax credits - base amounts.

Revised: June 13, 2010

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