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.
2011 Tax Credits - Tax Amounts
Canadian Tax and
If you use an ad blocker, please consider a
small contribution to
help keep TaxTips.ca free for everyone.
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) SK basic personal, spousal &
equivalent to spouse, and child amount tax credits increased by SK
2011 Budget. (3) NS basic personal, spousal &
equivalent to spouse, age, disability, caregiver, infirm dependent (18+) and
pension amounts increased based on the NS 2011
Budget. Only the basic
personal amount was detailed in the budget. The other amounts above have
been estimated using an increase of 3.037%. (4) MB basic personal, spousal and
equivalent to spouse amounts increased based on the MB
2011 Budget. (5)
The 2011 Federal Budget proposed to remove the cap of $10,000 beginning in
the 2011 taxation year. This measure was included in Bill
C-13 which received Royal Assent (became law) on December 15, 2011. Yukon and Nunavut
follow the Federal legislation for the medical expense tax credit.