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2016 Personal Tax Credits - Base Amounts
Canadian Tax and
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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 used to calculate these amounts
have been confirmed to Canada Revenue Agency information, but some of the tax
credit amounts cannot yet be confirmed, so may have $1 rounding differences.
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 amount of medical expenses for other
eligible dependants. (3) The Family
Caregiver Amount (FCA) of $2,121 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. The
Family Caregiver Amount is still available to infirm minor children. (4) Federal adoption tax credit
increased to $15,000 as per 2014
Budget, indexed after 2014. BC and YT use the federal amount. (5) For Quebec taxpayers, each federal tax credit is, in
effect, reduced by 16.5% as a result of the federal
(6) 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. (7) The 2016
federal budget indicates that the
education and textbook tax credits will be eliminated. 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.
Every taxpayer gets a tax credit for the basic personal amount, so any
person can earn taxable
income of $11,474 in 2016 without
paying any federal tax, and can earn anywhere from $7,708
to $18,451, depending on the province or territory in which
they live, without paying any provincial or territorial tax.