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Before making a major financial decision you
should consult a qualified professional.
The tax credits in this table have been calculated using the indexation
factors shown in the bottom line of the table. The indexation factors have
been confirmed to Canada Revenue Agency (CRA), as have the tax credit amounts,
except for a few provincial amounts which cannot yet be confirmed, and may have
a rounding difference. All
Ontario amounts have been confirmed.
Non-Refundable Personal Tax Credits - Base Amounts
equivalent to spouse amount is not the same as the spouse amount. It is
$6,294, reduced when dependant income exceeds $629, and eliminated when dependant
income exceeds $6,923. (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 $2,040 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. (4) BC's basic personal amount is a blended
rate, reduced from 2012 because of the re-implementation
of the PST.
Every taxpayer gets a tax credit for the basic personal amount, so any
person can earn taxable
income of $11,038 in 2013 without
paying any federal tax, and can earn anywhere from $7,708
to $17,593, depending on the province or territory in which
they live, without paying any provincial or territorial tax.