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, amounts relating to non‑refundable credits, and most other amounts will take effect on January 1, 2009. However, 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 on July 1, 2009, to coincide with the beginning of the program year for payment of these benefits.
The following chart compares the indexed amounts for the 2008 and 2009 tax years. It reflects an indexation increase of 2.5% for 2009.
2009
($)2008
($)Tax Bracket Thresholds Taxable income above which the 22% bracket begins 38,832 37,885 Taxable income above which the 26% bracket begins 77,664 75,769 Taxable income above which the 29% bracket begins 126,264 123,184 Amounts relating to non-refundable tax credits Basic personal amount (See footnote below) 10,100 9,600 Age amount 5,408 5,276 Net income threshold 32,312 31,524 Spouse or common-law partner amount (maximum) (See footnote below) 10,100 9,600 Amount for an eligible dependant (maximum) (See footnote below) 10,100 9,600 Amount for children under age 18 (maximum per child) 2,089 2,038 Canada employment amount (maximum) 1,044 1,019 Infirm dependant amount (maximum per dependant) 4,198 4,095 Net income threshold 5,956 5,811 Caregiver amount (maximum per dependant) 4,198 4,095 Net income threshold 14,336 13,986 Disability amount 7,196 7,021 Supplement for children with disabilities (maximum) 4,198 4,095 Threshold relating to allowable child care and attendant care expenses 2,459 2,399 Adoption expenses (maximum per adoption) 10,909 10,643 Medical expense tax credit—3% of net income ceiling 2,011 1,962 Refundable medical expense supplement Maximum supplement 1,067 1,041 Minimum earnings threshold 3,116 3,040 Family net income threshold 23,633 23,057 Old Age Security repayment threshold 66,335 64,718 Certain board and lodging allowances paid to players on sports teams or members of recreation programs Income exclusion (maximum per month) 313 306 Tradesperson’s tools deduction Threshold amount relating to cost of eligible tools 1,044 1,019 Goods and Services Tax Credit Adult maximum 248 242 Child maximum 130 127 Single supplement 130 127 Phase-in threshold for the single supplement 8,047 7,851 Family net income at which credit begins to phase out 32,312 31,524 Canada Child Tax Benefit Base benefit 1,340 1,307 Additional benefit for third child 93 91 Family net income at which base benefit begins to phase out 38,832 37,885 National Child Benefit (NCB) Supplement First child 2,076 2,025 Second child 1,837 1,792 Third child 1,747 1,704 Family net income at which NCB supplement begins to phase out 21,816 21,287 Family net income at which NCB supplement phase-out is complete 38,832 37,885
Source: CRA Newsroom
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