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The following is now available on the CRA Web site:

Fact Sheet

Each year, certain personal income tax amounts are indexed to inflation using the Consumer Price Index data, as reported by Statistics Canada.

Increases to tax bracket thresholds, personal amounts and other amounts relating to non-refundable credits, as well as the refundable medical expense supplement and Old Age Security repayment threshold, will take effect as of January 1, 2008. Increases to the Canada Child Tax Benefit (including the National Child Benefit supplement and the Child Disability Benefit) and the Goods and Services Tax Credit will take effect as of July 1, 2008, to coincide with the beginning of the “program year” for payment of these benefits.

The following chart compares the indexed amounts for the 2007 and 2008 tax years. It reflects an indexation increase of 1.9% for 2008.

	2008 ($)	2007 ($)
Tax Bracket Thresholds
Taxable Income above which the 22-percent bracket begins	37,885	37,178
Taxable Income above which the 26-percent bracket begins	75,769	74,357
Taxable income above which the 29-percent bracket begins	123,184	120,887
Personal Amounts and Other Amounts Relating to Non-refundable Tax Credits
Basic personal amount (See note below)	9,600	9,600
Age amount	5,276	5,177
Net income threshold	31,524	30,936
Spouse or common-law partner amount (See note below)	9,600	9,600
Amount for an eligible dependant (See note below)	9,600	9,600
Amount for children under age 18 (maximum per child)	2,038	2,000
Canada employment amount	1,019	1,000
Caregiver amount	4,095	4,019
Net income threshold	13,986	13,726
Disability amount	7,021	6,890
Supplement for children with disabilities	4,095	4,019
Allowable child care and attendant care expenses	2,399	2,354
Maximum adoption expense amount (per adoption)	10,643	10,445
Medical expense tax credit—3 percent of net income ceiling	1,962	1,926
Refundable medical expense supplement
Maximum supplement	1,041	1,022
Minimum earnings threshold	3,040	2,984
Family net income threshold	23,057	22,627
Old Age Security repayment threshold	64,718	63,511
Goods and Services Tax Credit (GSTC)
Adult maximum	242	237
Child maximum	127	125
Single supplement	127	125
Phase-in threshold for the single supplement	7,851	7,705
Family net income at which credit begins to phase out	31,524	30,936
Canada Child Tax Benefit
Base benefit	1,307	1,283
Additional benefit for third child	91	90
Family net income at which base benefit begins to phase out	37,885	37,178
National Child Benefit (NCB) Supplement
First child	2,025	1,988
Second child	1,792	1,758
Third child	1,704	1,673
Family net income at which NCB supplement begins to phase out	21,287	20,883
Family net income at which NCB supplement phase-out is complete	37,885	37,178
Child Disability Benefit
Maximum benefit	2,395	2,351
Family net income at which benefit begins to phase out	37,885	37,178
Child Special Allowance (CSA)
CSA base amount	3,332	3,271

Note:

Under changes announced on October 30, 2007, in the 2007 Economic Statement, the basic personal amount, the maximum spouse or common-law partner amount, and the amount for an eligible dependant are increased to $9,600 for the 2007 and 2008 tax years.

As announced in the 2007 Federal Budget, the net income threshold has been eliminated effective for 2007 and subsequent tax years. The spouse or common-law partner amount and the amount for an eligible dependant are calculated by subtracting the net income for the spouse/common-law partner or the dependant, as applicable, from the maximum amount ($9,600 for 2007 and 2008).

SOURCE: CRA Media Room