Non-Refundable Tax Credits 2016

 

Federal (15 %) Ontario (5,05 %)
$ $
Basic 11 474 10 011
Spouse and eligible dependent 11 4741, 2 8 5003
Full-time / Part-time post-secondary studies :

  • Education amount (per month)
  • Textbook amount (per month)
 

 

400 / 120
65 / 20

 

 

539 / 161
n/a.

Disabled dependent aged 18 and older 6 7884 4 7195
Physical activities for children (- 16 years of age) 5006 n/a.7
Artistic, cultural and recreational activities for children (- 16 years of age) 2506 n/a.7
Employment amount 1 1618 n/a.
Public transit passes Cost9 n/a.
Age amount 7 12510 4 88811
Retirement income 2 000 1 384
Person suffering from a disability Supplement (- 18 years of age) 8 001
4 66712
8 088
4 71913
Caregiver 4 6672,14 4 71915
Adoption fees 15 4536 12 2146
Volunteer firefighters 3 000 n/a.
Search and rescue volunteer 3 000 n/a.
Purchase of first home 5 000 n/a.
Home accessibility 10 0006 n/a.7
Medical  expenses
  • 15% of expenses which exceed the lesser of $2,237 or 3%  of applicant’s net income
  • No limit for dependents
  • 5,05 % of expenses which exceed the lesser of $2,266 or 3% of apllicant’s net income.
  • Maximun medical expenses for dependent  of $ 12,214.
Charitable donations
  • Max. donations: 75% of net income
  • 15% on the first $200 and 29% or 33% on excess amount
  • Additional 25% credit for first-time donation not exceeding $1,000
  • Max. donations: 75% of net income
  • 5.05% on the first $200 and 11,16% on excess amount

1 Reduced by net income of spouse or dependent.
2 Potential $2,121 additional amount if eligible for family caregiver credit (also offered for a dependent child under 18 years of age.
3 Reduced for each $1 exceeding $850 (nil at $9,350).
4 Reduced for each $1 exceeding $6,807 (nil at $13,595).
5 Reduced for each $1 exceeding $6,707 (nil at $11,426).
6 Maximum amount of expenses eligible for the credit.
7 Refundable tax credit available in Ontario.
8 Amount equal to taxpayer’s employment income for the year (max. $1,161).
9 Cost of public transit passes valid for at least one month.
10 Reduced by 15% for each $1 exceeding $35,927 (nil at $83,427).
11 Reduced by 15% for each $1 exceeding $36,387 (nil at $68,974).
12 Reduced by child care and caregiver expenses exceeding $2,734 (nil at $7,401).
13 Reduced by child care and caregiver expenses exceeding $2,762 (nil at $7,481).
14 Reduced for each $1 exceeding $15,940 (nil at $20,607).
15 Reduced for each $1 exceeding $16,143 (nil at $20,862).