TaxTips.ca
Canadian Tax and
Financial Information
2014 Personal Tax Credits - Base Amounts

Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Looking for US tax information?
See
USTaxTips.net

Need an accounting, tax or financial advisor? Look in our Directory.      Stay Connected with TaxTips.ca!      Internet Explorer - Use compatibility view for calculators to work properly!

Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Free in 30!
Financial Planning
RRSP RRIF TFSA
Real Estate
Stocks Bonds etc.
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Provincial Budgets
Statistics etc.
Glossary
Site Map
Directory
Advertise With Us
Contact Us/About Us
Links & Resources



Personal Tax -> Non-refundable personal tax credits -> 2014 tax credits - base amounts

2014 Non-Refundable Personal Tax Credits - Base Amounts

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) factors.  Personal tax credit amounts have been confirmed to CRA.

Tax Credit Type

Federal
Line
Number
Provincial
Line
Number
Federal
15%
(3)(6)
NL
7.7%
PE
9.8%
(1)
NS
8.79%
NB
9.68%
ON
5.05%
MB
10.8%
SK
11%
AB
10%
BC
5.06%
(4)
YT
7.04%
(3)
NT
5.9%
NU
4%
Basic personal amount) 300 5804 $11,138 $8,578 $7,708 $8,481 $9,472 $9,670 $9,134 $15,378 $17,787 $9,869 $11,138 $13,668 $12,567
Spouse or common-law partner / equivalent-to-spouse / eligible dependant amount maximum (3)(4) except PE(1) 303/305 5812/5816 11,138 7,009 6,546 8,481 8,043 8,211 9,134 15,378 17,787 8,450 11,138 13,668 12,567
   -reduced when spousal/dependant income exceeds     0 702 655 848 805 821 0 1,538 0 845 0 0 0
   -eliminated when spousal/dependant income exceeds     11,138 7,711 7,201 9,329 8,848 9,032 9,134 16,916 17,787 9,295 11,138 13,668 12,567
Age amount (65+ years of age) 301 5808 6,916 5,476 3,764 4,141 4,625 4,721 3,728 4,684 4,957 4,426 6,916 6,686 9,425
   -reduced when income exceeds     34,873 30,007 28,019 30,828 34,431 35,146 27,749 34,873 36,898 32,943 34,873 34,873 34,873
   -eliminated when income exceeds     80,980 66,514 53,112 58,435 65,264 66,619 52,602 66,100 69,945 62,450 80,980 79,446 97,706
Senior supplementary amount (65+ years of age)     0 0 0 0 0 0 0 1,237 0 0 0 0 0
Disability amount 316 5844 7,766 5,788 6,890 7,341 7,668 7,812 6,180 9,060 13,720 7,402 7,766 11,084 12,567
Disability amount supplement for taxpayers under 18 years of age 316 5844 4,530 2,724 4,019 3,449 4,473 4,556 3,605 9,060 10,296 4,318 4,530 4,530 4,530
    -reduced when total child care and attendant care expenses claimed for this taxpayer by anyone exceed     2,654 2,315 2,354 2,277 2,619 2,668 2,112 2,655 2,808 2,507 2,654 2,654 2,654
    -eliminated when above expenses exceed     7,184 5,039 6,373 5,726 7,092 7,224 5,717 11,715 13,104 6,825 7,184 7,184 7,184
Caregiver amount for in-home care of parent or grandparent 65+ years of age, or of infirm adult relative(3) 315 5840 4,530 2,724 2,446 4,898 4,473 4,557 3,605 9,060 10,296 4,318 4,530 4,531 4,531
   -reduced when relative's income exceeds     15,472 13,313 11,953 13,677 15,277 15,593 12,312 15,473 16,371 14,615 15,472 15,472 15,472
   -eliminated when relative's income exceeds     20,002 16,037 14,399 18,575 19,750 20,150 15,917 24,533 26,667 18,933 20,002 20,003 20,003
  Federal NL PE NS NB ON MB SK AB BC YT NT NU
Infirm dependant amount (18+ years of age), including Family Caregiver Amount (Federal & YT) 306 5820 6,589 2,724 2,446 2,798 4,473 4,558 3,605 9,060 10,296 4,318 6,589 4,530 4,530
   -reduced when dependant income exceeds     6,607 5,854 4,966 5,683 6,347 6,478 5,115 6,428 6,802 6,879 6,607 6,428 6,428
   -eliminated when dependant income exceeds     13,196 8,578 7,412 8,481 10,820 11,036 8,720 15,488 17,098 11,197 13,196 10,958 10,958
Child amount for dependent children under 18 (19 in SK)(each) (3) 367 5825 2,255 0 0 0 0 0 0 5,834 0 0 2,255 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 314 5836 2,000 1,000 1,000 1,173 1,000 1,337 1,000 1,000 1,370 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 330 5868 2,171 1,868 1,678 1,637 2,143 2,188 1,728 2,171 2,298 2,052 2,171 2,171 2,171
Maximum medical expenses for other eligible dependants (each) (2) 331 5872 n/a n/a n/a n/a n/a 11,797 n/a n/a n/a n/a n/a 5,000 n/a
Tax credit for medical for other dependants is for expenses in excess of the lesser of 3% of dependant net income or 331 5872 2,171 1,868 1,678 1,637 2,143 2,188 1,728 2,171 2,298 2,052 2,171 2,171 2,171
Eligible adoption expenses - maximum per child (5) 313 5833 15,000 11,575 0 0 0 11,797 10,000 0 12,165 15,000 15,000 0 0
Education - part time per month 323 5856 120 60 120 60 120 156 120 120 207 60 120 120 120
Education - full time per month 323 5856 400 200 400 200 400 520 400 400 691 200 400 400 400
Textbooks - part time per month 323 5856 20 0 0 0 0 0 0 0 0 0 20 0 20
Textbooks - full time per month 323 5856 65 0 0 0 0 0 0 0 0 0 65 0 65
Canada employment amount 363 5834 1,127 0 0 0 0 0 0 0 0 0 1,127 0 0
Indexing factor for 2014 1.009 1.015 1.000 1.000 1.009 1.010 1.000 1.009 1.011 1.001 1.009 1.009 1.009
  Federal
(3)
NL
PE
(1)
NS
NB
ON
MB
SK
AB
BC
YT
(3)
NT
NU

(1) PE 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 $2,058 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 reduced from 2013 because of the re-implementation of the PST.
(5) Federal adoption tax credit increased to $15,000 as per 2014 Budget.  BC and YT use the federal amount.
(6) For Quebec taxpayers, each federal tax credit is, in effect, reduced by 16.5% as a result of the federal tax abatement.

Every taxpayer gets a tax credit for the basic personal amount, so any person can earn taxable income of $11,138 in 2014 without paying any federal tax, and can earn anywhere from $7,708 to $17,787, depending on the province or territory in which they live, without paying any provincial or territorial tax.

Go directly to 2014 tax credits - tax amounts.

 

Revised: July 08, 2016

 

 

Copyright © 2002 - 2016 Boat Harbour Investments Ltd. All Rights Reserved  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  Google + |  Monthly Newsletter Sign-up  What’s New E-mail Notification RSS News Feed
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage.
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.