TaxTips.ca
Canadian Tax and
Financial Information
2016 Personal Tax Credits - Tax 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 -> 2016 personal tax credits - tax amounts

2016 Non-Refundable Personal Tax Credits - Tax Amounts

(Base Amount x Tax Rate)

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.  All tax amounts are rounded to the nearest dollar.  The indexation factors used to calculate these amounts have been confirmed to Canada Revenue Agency information.

Tax Credit Type

Federal
15%
(3)(4)(5)(6)
NL
8.2%
(8)
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
6.40%
(3)(4)(6)
NT
5.9%
NU
4%
Basic personal amount) $1,721 $722 $784 $745 $945 $506 $986 $1,743 $1,845 $507 $734 $831 $518
Spouse or common-law partner / equivalent-to-spouse / eligible dependant amount (3) now including PE(1) 1,721 590 666 745 802 429 986 1,743 1,845 434 734 831 518
   -reduced when spousal/dependant income exceeds 0 720 680 848 829 850 0 1,585 0 859 0 0 0
   -eliminated when spousal/dependant income exceeds 11,474 7,912 7,475 9,329 9,115 9,350 9,134 17,428 18,451 9,445 11,474 14,081 12,947
Age amount (65+ years of age) 1,069 461 369 364 461 247 403 531 514 228 456 406 388
   -reduced when income exceeds 35,927 30,790 28,019 30,828 35,471 36,387 27,749 35,927 38,275 33,473 35,927 35,927 35,927
   -eliminated when income exceeds 83,427 68,250 53,112 58,435 67,238 68,974 52,602 68,100 72,548 63,453 83,427 81,847 100,660
Senior supplementary amount (65+ years of age) 0 0 0 0 0 0 0 140 0 0 0 0 0
Disability amount 1,200 487 675 645 765 408 667 1,027 1,423 381 512 674 518
Disability amount supplement for taxpayers under 18 years of age 700 229 394 303 446 238 389 1,027 1,068 222 299 275 187
    -reduced when total child care and attendant care expenses claimed for this taxpayer by anyone exceed 2,734 2,376 2,354 2,346 2,699 2,763 2,112 2,734 2,912 2,547 2,734 2,734 2,734
    -eliminated when above expenses exceed 7,401 5,171 6,373 5,795 7,307 7,480 5,717 12,068 13,592 6,935 7,401 7,401 7,401
Caregiver amount for in-home care of parent or grandparent 65+ years of age, or of infirm adult relative (3) 700 229 240 431 446 238 389 1,027 1,068 222 299 275 187
   -reduced when relative's income exceeds 15,940 13,660 11,953 13,677 15,738 16,143 12,312 15,940 16,981 14,850 15,940 15,940 15,940
   -eliminated when relative's income exceeds 20,607 16,455 14,399 18,575 20,347 20,862 15,917 25,274 27,662 19,237 20,607 20,607 20,607
 

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) 1,018 229 240 246 446 238 389 1,027 1,068 222 434 275 187
   -reduced when dependant income exceeds 6,807 6,007 4,966 5,683 6,539 6,707 5,115 6,623 7,056 6,989 6,807 6,622 6,622
   -eliminated when dependant income exceeds 13,595 8,802 7,412 8,481 11,147 11,426 8,720 15,957 17,736 11,377 13,595 11,290 11,290
Child amount for dependent children under 18 (19 in SK)(each) (3)(5) 0 0 0 0 0 0 0 661 0 0 0 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 82 98 103 97 70 108 110 142 51 128 59 80
Medical expense tax credit is for expenses in excess of the lesser of 3% of net income or 2,237 1,917 1,678 1,637 2,208 2,266 1,728 2,237 2,384 2,085 2,237 2,237 2,237
Maximum medical expenses for other eligible dependants (each) (2) n/a n/a n/a n/a n/a 617 n/a n/a n/a n/a n/a 295 n/a
Tax credit for medical for other dependants is for expenses in excess of the lesser of 3% of dependant net income or 2,237 1,917 1,678 1,637 2,208 2,266 1,728 2,237 2,384 2,085 2,237 2,237 2,237
Eligible adoption expenses - maximum per child (6) 2,318 974 0 0 0 617 1,080 0 1,262 782 989 0 0
Education - part time per month (7) 18 5 12 5 12 8 13 13 22 3 8 7 5
Education - full time per month (7) 60 16 39 18 39 27 43 44 72 10 26 24 16
Textbooks - part time per month (7) 3 0 0 0 0 0 0 0 0 0 1 0 1
Textbooks - full time per month (7) 10 0 0 0 0 0 0 0 0 0 4 0 3
Canada employment amount 174 0 0 0 0 0 0 0 0 0 74 0 0
  Federal
(3)(4)(5)
(6)
NL
PE
(1)
NS
NB
ON
MB
SK
AB
BC
(6)
YT
(3)(5)(6)
NT
NU

(1) PE equivalent to spouse amount is now same as the spousal amount, as announced in the PE 2016 Budget.  The budget also announced increases to the basic personal amount, spousal amount, and eligible dependant amount, as indicated above.
(2) n/a means there is no cap on the maximum medical expenses for other eligible dependents.
(3) The Family Caregiver Amount is added to these amounts in certain circumstances, for Federal and Yukon tax credits. The Family Caregiver Amount is still available to infirm minor children.
(4) For Quebec taxpayers, each federal tax credit is, in effect, reduced by 16.5% as a result of the federal tax abatement.
(5) The federal Child Amount Tax Credit is eliminated for 2015 and later years - see the October 30, 2014 Tax Update information.  Yukon mirrors the federal non-refundable tax credits.
(6) Federal adoption tax credit increased to $15,000 as per 2014 Budget, indexed after 2014.  BC and YT use the federal amount.
(7) The 2016 federal budget indicates that the education and textbook tax credits will be eliminated for the 2017 and later taxation years.  The education and textbook credits for all provinces (except Alberta) and territories have legislative provisions that are dependent on the federal credits, so in order for these credits to be retained, legislative changes would have to be made.  For these credits to be eliminated in Alberta, legislative changes would have to be made.  The Alberta government has said "Should the education tax credit be changed or eliminated federally, Alberta will assess the implications for its own education tax credit at that time."  It seems logical that they would also eliminate the credit.
(8) The NL 2016 Budget increased tax rates, with 8.7% being the lowest tax rate effective July 1, 2016.  This is averaged with the January to June tax rate of 7.7% to get an average of 8.2% for 2016.

Go directly to 2016 tax credits - base amounts.

 

Revised: January 22, 2017

Copyright © 2002 - 2017 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.