Federal Tax Rates

  2014 2015
15% Tax applied to incomes under $43,953 $44,701
22% Tax applied to incomes between $43,953 & $87,907 $44,701 & $89,401
26% Tax applied to incomes between $87,907 & $136,270 $89,401 & $138,586
29% Tax applied to incomes above $136,270 $138,586

Federal Non Refundable Credits

  2014 2015
Basic Personal amount: $11,138 $11,327
Age Credit: $6,916 $7,033
Spousal/Eligible Dependent amount: $11,138 $11,327
Infirm Dependent amount: $6,607 $6,700
Canada Pension Plan (maximum) $2,425.50 $2,479.95
Employment Insurance (maximum): $913.68 $930.60
Canada Employment Credit: $1,127 $1,146
Transit Pass Actual Cost:

Keep receipts and monthly passes.

Weekly/Monthly or longer duration transit pass Weekly/Monthly or longer duration transit pass
Children’s fitness amount: $1,000 $1,000
Children’s arts amount: $500 $500
Adoption Expenses: $15,000 $15,255
Pension Income Amount: $2000 $2000
Caregiver amount: $4,530 $4,608
Family Caregiver Amount $2,040 $2,093
Disability amount: $7,766 $7,899
Disability amount supplement for children with severe disabilities: $4,530 $4,607
Education Credit: (Full Time) $400/per month $400/per month
Education Credit: (Part Time) $120/per month $120/per month
Textbook Credit: (Full Time) $65/per month $65/per month
Textbook Credit: (Part Time) $20/month $20/month
Tuition & Education amounts transferred: $5,000 $5,000
Medical Expenses threshold: $2,171 $2,208