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Federal individual tax credits for 2021 (January 2021)


Dollar amounts on which individual non-refundable federal tax credits for 2021 are based, and the actual tax credit claimable, will be as follows:


Credit amount Tax credit

Basic personal amount* 13,808 2,071.20

Spouse or common law

partner amount* 13,808 2,071.20

Eligible dependant amount* 13,808 2,071.20

Age amount 7,713 1,156.95

Net income threshold for erosion of

age credit 38,893

Canada employment amount 1,257 188.55

Disability amount 8,662 1,299.30

Adoption expenses credit 16,729 2,509.35

Medical expense tax credit

Income threshold amount 2,421

*For taxpayers having net income for the year of more than $151,978, amounts claimable for the basic personal amount, the spousal amount, and the eligible dependant amount for 2021 may differ.

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