The following information describes tax credits that may be available to you when you prepare and submit your annual tax form.
Age Amount
In addition to the Basic Personal Amount, if you turned 65 during the year (or are older), you may be entitled to claim the Age Amount, which allows eligible seniors a non-refundable tax credit to reduce their income tax payable. Your eligibility and the amount you can claim are based on your level of net income.
Pension Income Amount
If you receive pension income, you may be able to claim an allowable amount for certain pension incomes. Your qualifying Pension Income Amount will be used in determining the total non-refundable tax credits used to reduce your federal income tax.
Amounts Transferred from Spouse
Your spouse may be able to transfer to you amounts that he or she qualifies for but does not need to reduce his or her federal income tax to zero. For example: the age amount, pension income amount or the disability tax credit.
Other Amounts
You may also be able to claim a disability amount, an amount for medical expenses, and expenses for an attendant or full-time care in a nursing home.
For more information, please refer to your income tax guide or call the Canada Revenue Agency (CRA).
Federal Programs
For information on any Government of Canada program or service, contact Service Canada.
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