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2008 Tax Credits - Tax Amounts
Canadian Tax and
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equivalent to spouse tax credit amount is not the same as the spouse
amount. It is $617, 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 threshold
amounts increased by $5,000 , and tax credit amounts increased
by $500 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 and tax
amounts reduced as per NL 2008 budget.