Tax Tables [ Non Refundable Tax Credit Rates and Amounts for 2016 ] | |
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Tax rate applied to credits | 10% |
Indexation factor3 | 1.3% |
Basic personal | $ 18,451.00 |
Spousal/partner and wholly dependant person 4,5,13 | $ 18,451.00 |
Spousal/partner and wholly dependant person 4,5,13 Net income threshold | na |
Dependants aged 18 and over and infirm | $ 10,680.00 |
Dependants aged 18 and over and infirm Net income threshold | $ 7,056.00 |
Child7: (max) | na |
Adoption | $ 12,619.00 |
Disability | $ 7,341.00 |
Disability Maximum supplement | $ 10,790.00 |
Pension9 (max) | $ 1,421.00 |
Age 65 and over9,11 | $ 5,141.00 |
Age 65 and over9,11 Net income threshold | $ 38,275.00 |
Medical expense threshold12 | $ 2,384.00 |
Caregiver13 | $ 10,681.00 |
Caregiver13 Net income threshold | $ 16,981.00 |
Employment14 | $ 0.00 |
Canada Pension Plan15 (max) | $ 2,544.00 |
Employment Insurance15 (max) | $ 955.00 |
Public transit pass costs16 | na |
Children's fitness17 (max) and arts18 | na |
Home buyers19 (max) | na |
Tuition fees and interest paid on student loans20 | na |
Education and textbook20 Full time-per month | $ 717.00 |
Education and textbook20 Part time-per month | $ 215.00 |
Charitable donations21 Credit rate on first $200 | 10% |
Charitable donations21 Credit rate on balance | 21% |
Charitable donations Credit rate on balance for Earner over 200k from 2016 onwards | 33% |
Combined Top Marginal Tax Rates For Individuals - Interest and Regular Income | 47% |
Combined Top Marginal Tax Rates For Individuals - Capital Gains | 23.5% |
Combined Top Marginal Tax Rates For Individuals - Eligible Dividends | 30.33% |
Combined Top Marginal Tax Rates For Individuals - Non-eligible Dividends | 39.07% |