TaxTips.ca - 2008 Non-refundable personal tax credits

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2008 Tax Credits - Base Amounts

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Personal Tax -> Non-refundable personal tax credits -> 2008 base amounts

Tax Credit Type	2008 Non-Refundable Tax Credits - Base Amounts
Tax Credit Type	Federal 15.00%	NL(8) 8.2%	PE 9.8%	NS 8.79%	NB 10.12%	ON 6.05%	MB 10.9%	SK(5)(7) 11%	AB(6) 10%	BC(3) 5.06%	YT 7.04%	NT 5.9%	NU(4) 4%
Basic personal amount	$9,600	$7,566	$7,708	$7,731	$8,395	$8,681	$8,034	$12,945	$16,161	$9,189	$9,600	$12,355	$11,360
Spousal/equivalent-to-spouse amount (1)(7) except PE - see below	9,600	6,183	6,546	6,565	7,129	7,371	8,034	12,945	16,161	7,868	9,600	12,355	11,360
-reduced when spousal/dependent income exceeds(7)	0	619	655	656	713	737	0	1,295	0	787	0	0	0
-eliminated when spousal/dependent income exceeds(7)	9,600	6,802	7,201	7,221	7,842	8,108	8,034	14,240	16,161	8,655	9,600	12,355	11,360
Age amount (65+ years of age)	5,276	3,556	3,764	3,775	4,099	4,239	3,728	4,235	4,503	4,121	5,276	6,044	8,520
-reduced when income exceeds	31,524	26,468	28,019	28,101	30,517	31,554	27,749	31,524	33,525	30,674	31,524	31,524	31,524
-eliminated when income exceeds	66,697	50,175	53,112	53,268	57,844	59,814	52,602	59,757	63,545	58,147	66,697	71,817	88,324
Senior supplementary amount (65+ years of age)	0	0	0	0	0	0	0	1,118	0	0	0	0	0
Disability amount (5)(6)	7,021	5,106	6,890	4,596	6,797	7,014	6,180	8,190	12,466	6,892	7,021	10,020	11,360
Disability amount supplement for taxpayers under 18 years of age (5)(6)	4,095	2,402	4,019	3,144	3,965	4,091	3,605	8,190	9,355	4,021	4,095	4,095	4,095
-reduced when total child care and attendant care expenses claimed for this taxpayer by anyone exceed	2,399	2,022	2,354	2,138	2,321	2,396	2,112	2,399	2,552	2,334	2,399	2,399	2,399
-eliminated when above expenses exceed	6,494	4,424	6,373	5,282	6,286	6,487	5,717	10,589	11,907	6,355	6,494	6,494	6,494
Caregiver amount for in-home care of parent or grandparent 65+ years of age, or of infirm adult relative (5)(6)	4,095	2,402	2,446	4,465	3,965	4,092	3,605	8,190	9,355	4,021	4,095	4,095	4,095
-reduced when relative's income exceeds	13,986	11,743	11,953	12,467	13,540	13,999	12,312	13,987	14,874	13,608	13,986	13,986	13,986
-eliminated when relative's income exceeds(6)	18,081	14,145	14,399	16,932	17,505	18,091	15,917	22,177	24,229	17,629	18,081	18,081	18,081
	Federal	NL	PE	NS	NB	ON	MB	SK	AB	BC	YT	NT	NU
Infirm dependent amount (18+ years of age) (5)(6)	4,095	2,402	2,446	2,551	3,965	4,091	3,605	8,190	9,355	4,021	4,095	4,095	4,095
-reduced when dependent income exceeds	5,811	5,164	4,966	5,180	5,625	5,817	5,115	5,811	6,180	6,405	5,811	5,811	5,811
-eliminated when dependent income exceeds(6)	9,906	7,566	7,412	7,731	9,590	9,908	8,720	14,001	15,535	10,426	9,906	9,906	9,906
Child amount for dependent children under 18 (19 in SK) (each)(7)	2,038	0	0	0	0	0	0	4,795	0	0	2,038	0	0
Child amount for dependent children under 6 (each, maximum per year)	0	0	1,200	1,200	0	0	0	0	0	0	0	0	1,200
Pension income amount - lesser of eligible pension income or (4)	2,000	1,000	1,000	1,069	1,000	1,201	1,000	1,000	1,244	1,000	2,000	1,000	2,000
Medical expense tax credit is for expenses in excess of the lesser of 3% of net income or (2)	1,962	1,648	1,678	1,637	1,899	1,965	1,728	1,962	2,088	1,911	1,962	1,962	1,962
Maximum medical expenses for other eligible dependents (each)	10,000	10,000	10,000	10,000	5,000	10,591	10,000	10,000	11,053	10,000	10,000	5,000	5,000
Tax credit for medical for other dependents is for expenses in excess of the lesser of 3% of dependent's net income or (2)	1,962	1,648	1,678	1,637	1,899	1,965	1,728	1,962	2,088	1,911	1,962	1,962	1,962
Eligible adoption expenses - maximum per child	10,643	10,643	0	0	0	10,591	10,000	0	11,053	10,643	10,643	0	0
Education - part time per month	120	60	120	60	120	140	120	120	188	60	120	120	120
Education - full time per month	400	200	400	200	400	468	400	400	628	200	400	400	400
Textbooks - part time per month (4)	20	0	0	0	0	0	0	0	0	0	20	0	20
Textbooks - full time per month (4)	65	0	0	0	0	0	0	0	0	0	65	0	65
Canada employment amount	1,019	0	0	0	0	0	0	0	0	0	1,019	0	0
Indexing factor for 2008	1.019	1.011	1.000	1.0346	1.019	1.015	1.000	1.019	1.047	1.018	1.019	1.019	1.019
	Federal	NL	PE	NS	NB	ON	MB	SK	AB	BC	YT	NT	NU

(1) PE equivalent to spouse amount is not the same as the spouse amount. It is $6,294, reduced when dependent income exceeds $629, and eliminated when dependent income exceeds $6,923.
(2) NS amount not indexed
(3) BC 2008 tax rate reduced from 5.35% to 5.24% as per Feb 19, 2008 budget, then to 5.06% as per Oct 22, 2008 Economic Plan.
(4) NU pension amount increased from $1,000 to $2,000, and textbook amount introduced by NU 2008 budget.
(5) SK disability-related tax credits increased as per March 19, 2008 budget.
(6) AB amounts increased by $5,000 each as per April 22, 2008 budget.
(7) SK basic personal, spousal/equivalent, and dependent child amount as per Oct 21, 2008 announcement.
(8) NL tax rate reduced as per NL 2008 budget.

Every taxpayer gets a tax credit for the basic personal amount, so any person can earn taxable income of $9,600 in 2008 without paying any federal tax, and can earn anywhere from $7,566 to $16,161, depending on the province or territory in which they live, without paying any provincial or territorial tax.

Go directly to 2008 tax credits - tax amounts.

Revised: August 06, 2009

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