ARCHIVED CD 2006-036: Information Notice to Employees
This Web page has been archived on the Web.
Archived Content
Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.
Note This document has been modified. The changes are identified by a vertical line "|". Revision (|)
Federal, Provincial and Territorial Personal Tax Credits (excluding Quebec) -- Effective January 1, 2007
The purpose of this notice is to provide you with information concerning the federal, provincial and territorial personal tax credits (excluding Quebec) for the 2007 taxation year.
Many of the personal tax credit amounts on the federal, provincial and territorial "Personal Tax Credits Return" (TD1) forms have been indexed for 2007. Indexing means that certain personal tax credit amounts will increase based on changes to the Consumer Price Index (CPI). For example, the federal indexing factor for 2007 is 2.2%. To calculate the indexed federal personal tax credit amounts for 2007, multiply the appropriate 2006 personal tax credit amounts by 1.022.
The Canada Revenue Agency (CRA) has announced that the following personal tax credit amounts have been indexed by 2.2% for the 2007 taxation year. The 2007 TD1 form will be revised to include these changes to the personal tax credit amounts as well as changes to certain line descriptions. This form will be available at district taxation offices and at the following CRA Web site:
| The basic personal amount of $8,639 has been indexed by 2.2% and will be further increased by $100 for the 2007 tax year. The calculation for the basic personal amount is as follows:
| $8,639 x 1.022 + $100 = $8,929.
| The federal spouse or common-law partner amount and the amount for an eligible dependent of $7,335 has been indexed by 2.2% and will be further increased by $85 for the 2007 tax year. The calculation for these tax credits is as follows:
| $7,335 x 1.022 + $85 = $7,581.
| The age amount of $4,066 has been increased to $5,066 effective January 2006 and has been indexed by 2.2% for the 2007 tax year. The calculation for the age amount is as follows:
| $4,066 + $1,000 x 1.022 = $5,177.
| All other indexed federal personal tax credit amounts have been increased by the federal indexing factor of 2.2%.
| Federal Personal Tax Credit Amounts (indexing factor 2.2%) |
||
|---|---|---|
| Amount Effective January 1, 2006 |
Amount Effective January 1, 2007 |
|
| Basic personal amount | $8,639 | $8,929 |
| Age amount | maximum of $4,066 | maximum of $5,177 |
| Disability amount | maximum of $6,741 | maximum of $6,890 |
| Spouse or common-law partner amount | maximum of $7,335 | maximum of $7,581 |
| Amount for an eligible dependant | maximum of $7,335 | maximum of $7,581 |
| Caregiver amount | maximum of $3,933 | maximum of $4,019 |
| Amount for infirm dependants age 18 or older | maximum of $3,933 | maximum of $4,019 |
PROVINCIAL AND TERRITORIAL PERSONAL TAX CREDITS
Effective January 1, 2007, the following non-refundable personal tax credit amounts can be claimed by you based on your province/territory of employment. Some personal tax credit amounts have been indexed for the 2007 taxation year. Each provincial and territorial TD1 form will be revised to include these changes to the personal tax credit amounts. These forms will be available at district taxation offices and at the following CRA Web site: TD-e
Nova Scotia
Nova Scotia has announced that the following personal tax credits will be indexed by 3.46% for 2007.
| Provincial Personal Tax Credit Amounts (indexing factor 3.46%) |
||
|---|---|---|
| Amount Effective January 1, 2006 |
Amount Effective January 1, 2007 |
|
| Basic personal amount | $7,231 | $7,481 |
| Age amount | Maximum of $3,531 | Maximum of $3,653 |
| Pension income amount | maximum of $1,000 | Maximum of $1,035 |
| Disability amount | Maximum of $4,293 | Maximum of $4,441 |
| Spouse or common-law partner amount | Maximum of $6,140 | Maximum of $6,352 |
| Amount for an eligible dependant | Maximum of $6,140 | Maximum of $6,352 |
| Caregiver amount | maximum of $4,176 | Maximum of $4,320 |
| Amount for infirm dependants age 18 or older | maximum of $2,386 | maximum of $2,468 |
New Brunswick
New Brunswick has announced that the following personal tax credits will be indexed by 2.2% for 2007
| Provincial Personal Tax Credit Amounts (indexing factor 2.2%) |
||
|---|---|---|
| Amount Effective January 1, 2006 |
Amount Effective January 1, 2007 |
|
| Basic personal amount | $8,061 | $8,239 |
| Age amount | Maximum of $3,936 | Maximum of $4,023 |
| Disability amount | maximum of $6,526 | Maximum of $6,670 |
| Spouse or common-law partner amount | Maximum of $6,845 | Maximum of $6,996 |
| Amount for an eligible dependant | Maximum of $6,845 | Maximum of $6,996 |
| Caregiver amount | Maximum of $3,807 | Maximum of $3,891 |
| Amount for infirm dependants age 18 or older | maximum of $3,807 | Maximum of $3,891 |
Alberta
Alberta has announced that the following personal tax credits will be indexed by 3.6% for 2007.
| Provincial Personal Tax Credit Amounts (indexing factor 3.6%) |
||
|---|---|---|
| Amount Effective January 1, 2006 |
Amount Effective January 1, 2007 |
|
| Basic personal amount | $14,999 | $15,435 |
| Age amount | Maximum of $4,152 | Maximum of $4,301 |
| Pension income amount | $1,147 | $1,189 |
| Tuition and education amounts (full-time) | $459 | $475 |
| Tuition and education amounts (part-time) | $138 | $143 |
| Disability amount | maximum of $6,883 | maximum of $7,131 |
| Spouse or common-law partner amount | Maximum of $14,999 | Maximum of $15,435 |
| Amount for an eligible dependant | Maximum of $14,999 | Maximum of $15,435 |
| Caregiver amount | Maximum of $4,015 | Maximum of $4,160 |
| Amount for infirm dependants age 18 or older | Maximum of $4,015 | Maximum of $4,160 |
Ontario
Ontario has announced that the following personal tax credits will be indexed by 2.1% for 2007.
| Provincial Personal Tax Credit Amounts (indexing factor 2.1%) |
||
|---|---|---|
| Amount Effective January 1, 2006 |
Amount Effective January 1, 2007 |
|
| Basic personal amount | $8,377 | $8,553 |
| Age amount | Maximum of $4,090 | Maximum of $4,176 |
| Pension income amount | $1,158 | $1,183 |
| Tuition and education amounts (full-time) | $451 | $461 |
| Tuition and education amounts (part-time) | $135 | $138 |
| Disability amount | maximum of $6,768 | maximum of $6,910 |
| Spouse or common-law partner amount | Maximum of $7,113 | Maximum of $7,262 |
| Amount for an eligible dependant | Maximum of $7,113 | Maximum of $7,262 |
| Caregiver amount | Maximum of $3,948 | Maximum of $4,031 |
| Amount for infirm dependants age 18 or older | Maximum of $3,948 | Maximum of $4,031 |
Saskatchewan
Saskatchewan has announced that the following personal tax credits will be indexed by 2.2% for 2007.
| Provincial Personal Tax Credit Amounts (indexing factor 2.2%) |
||
|---|---|---|
| Amount Effective January 1, 2006 |
Amount Effective January 1, 2007 |
|
| Basic personal amount | $8,589 | $8,778 |
| Age amount | Maximum of $4,066 | Maximum of $4,156 |
| Senior supplementary amount | $1,074 | $1,097 |
| Disability amount | maximum of $6,741 | maximum of $6,890 |
| Spouse or common-law partner amount | Maximum of $8,589 | Maximum of $8,778 |
| Amount for an eligible dependant | Maximum of $8,589 | Maximum of $8,778 |
| Child amount | $2,684 | $2,743 |
| Caregiver amount | Maximum of $3,933 | Maximum of $4,019 |
| Amount for infirm dependants age 18 or older | Maximum of $3,933 | Maximum of $4,019 |
Manitoba
Manitoba has announced that the following personal tax credit will be revised for 2007.
| Provincial Personal Tax Credit Amount | ||
|---|---|---|
| Amount Effective January 1, 2006 |
Amount Effective January 1, 2007 |
|
| Basic personal amount | $7,734 | $7,834 |
British Columbia
British Columbia has announced that the following personal tax credits will be indexed by 1.9% for 2007.
| Provincial Personal Tax Credit Amounts (indexing factor 1.9%) |
||
|---|---|---|
| Amount Effective January 1, 2006 |
Amount Effective January 1, 2007 |
|
| Basic personal amount | $8,858 | $9,027 |
| Age amount | Maximum of $3,972 | Maximum of $4,048 |
| Disability amount | maximum of $6,644 | maximum of $6,770 |
| Spouse or common-law partner amount | Maximum of $7,585 | Maximum of $7,729 |
| Amount for an eligible dependant | Maximum of $7,585 | Maximum of $7,729 |
| Caregiver amount | Maximum of $3,877 | Maximum of $3,949 |
| Amount for infirm dependants age 18 or older | Maximum of $3,876 | Maximum of $3,949 |
Yukon
Yukon has announced that the following personal tax credits will be indexed by 2.2% for 2007.
| Territorial Personal Tax Credit amounts (indexing factor 2.2%) |
||
|---|---|---|
| Amount Effective January 1, 2006 |
Amount Effective January 1, 2007 |
|
| Basic personal amount | $8,328 | $8,929 |
| Age amount | Maximum of $4,066 | Maximum of $5,177 |
| Disability amount | maximum of $6,741 | maximum of $6,890 |
| Spouse or common-law partner amount | Maximum of $7,071 | Maximum of $7,581 |
| Amount for an eligible dependant | Maximum of $7,071 | Maximum of $7,581 |
| Caregiver amount | Maximum of $3,933 | Maximum of $4,019 |
| Amount for infirm dependants age 18 or older | Maximum of $3,933 | Maximum of $4,019 |
Northwest Territories
The Northwest Territories has announced that the following personal tax credits will be indexed by 2.2% for 2007.
| Territorial Personal Tax Credit Amounts (indexing factor 2.2%) |
||
|---|---|---|
| Amount Effective January 1, 2006 |
Amount Effective January 1, 2007 |
|
| Basic personal amount | $11,864 | $12,125 |
| Age amount | Maximum of $5,803 | Maximum of $5,931 |
| Disability amount | maximum of $9,621 | maximum of $9,833 |
| Spouse or common-law partner amount | Maximum of $11,864 | Maximum of $12,125 |
| Amount for an eligible dependant | Maximum of $11,864 | Maximum of $12,125 |
| Caregiver amount | Maximum of $3,933 | Maximum of $4,019 |
| Amount for infirm dependants age 18 or older | Maximum of $3,933 | Maximum of $4,019 |
Nunavut
Nunavut has announced that the following personal tax credits will be indexed by 2.2% for 2007.
| Territorial Personal Tax Credit Amounts (indexing factor 2.2%) |
||
|---|---|---|
| Amount Effective January 1, 2006 |
Amount Effective January 1, 2007 |
|
| Basic personal amount | $10,909 | $11,149 |
| Age amount | Maximum of $8,181 | Maximum of $8,361 |
| Disability amount | maximum of $10,909 | maximum of $11,149 |
| Spouse or common-law partner amount | Maximum of $10,909 | Maximum of $11,149 |
| Amount for an eligible dependant | Maximum of $10,909 | Maximum of $11,149 |
| Caregiver amount | Maximum of $3,933 | Maximum of $4,019 |
| Amount for infirm dependants age 18 or older | Maximum of $3,933 | Maximum of $4,019 |
Compensation systems are programmed to automatically reflect the basic personal amount, the spouse or common-law partner amount, and the amount for an eligible dependant.
If you wish to change your personal tax credit amounts you must complete both the federal and the applicable provincial or territorial TD1 forms. If you change your province or territory of employment or move to another province or territory, you should complete the appropriate provincial or territorial TD1 form. These forms will be available from CRA tax services offices and at the following Internet address:
TD-e
Any request for information regarding the content of this document should be addressed to your compensation advisor.
- Date modified: