The following is now available on the CRA Web site:
Fact sheet
Each year, certain personal income tax and benefit 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, 2010. 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, 2010, to coincide with the beginning of the program year for payment of these benefits.
The following chart compares the indexed amounts for the 2009 and 2010 tax years. It reflects an indexation increase of 0.6% for 2010.
2010 ($) 2009 ($) Tax bracket thresholds
Taxable income above which the 22% bracket begins 40,970 40,726[1] Taxable income above which the 26% bracket begins 81,941 81,4521 Taxable income above which the 29% bracket begins 127,021 126,264 Amounts relating to non‑refundable tax credits
Basic personal amount 10,382 10,3201 Age amount 6,446 6,4081 Net income threshold 32,506 32,312 Spouse or common-law partner amount (max.) 10,382 10,3201 Amount for an eligible dependant (max.) 10,382 10,3201 Amount for children under age 18 (max. per child) 2,101 2,089 Canada employment amount (max.) 1,051 1,044 Infirm dependant amount (max. per dependant) 4,223 4,198 Net income threshold 5,992 5,956 Caregiver amount (max. per dependant) 4,223 4,198 Net income threshold 14,422 14,336 Disability amount 7,239 7,196 Supplement for children with disabilities (max.) 4,223 4,198 Threshold relating to allowable child care and attendant care expenses 2,473 2,459 Adoption expenses (max. per adoption) 10,975 10,909 Medical expense tax credit—3% of net income ceiling 2,024 2,011 Refundable medical expense supplement
Maximum supplement 1,074 1,067 Minimum earnings threshold 3,135 3,116 Family net income threshold 23,775 23,633 Old Age Security repayment threshold 66,733 66,335 Certain board and lodging allowances paid to players
on sports teams or members of recreation programsIncome exclusion (max. per month) 315 313 Tradesperson’s tools deduction
Threshold amount relating to cost of eligible tools 1,051 1,044 Goods and services tax credit
Adult maximum 250 248 Child maximum 131 130 Single supplement 131 130 Phase-in threshold for the single supplement 8,096 8,047 Family net income at which credit begins to phase out 32,506 32,312 Canada Child Tax Benefit
Base benefit 1,348 1,340 Additional benefit for third child 94 93 Family net income at which base benefit begins to phase out 40,970 40,7261 National Child Benefit (NCB) supplement
First child 2,088 2,076 Second child 1,848 1,837 Third child 1,758 1,747 Family net income at which NCB supplement begins to phase out 23,855 23,710[2] Family net income at which NCB supplement phase-out is complete 40,970 40,7261 Canada Disability Benefit (CDB)
Maximum benefit 2,470 2,455 Family net income at which CDB supplement begins to phase out 40,970 40,7261 Children’s Special Allowances (CSA)
CSA Base Amount 3,436 3,416 Notes:
[1] Under changes announced in the January 27, 2009 Federal Budget, certain values changed for 2009 as follows:
* The upper taxable income threshold of the 15% tax bracket was increased to $40,726.
* The upper taxable income threshold of the 22% tax bracket was increased to $81,452.
* The basic personal amount, the maximum spouse or common-law partner amount, and the maximum amount for an eligible dependant were increased to $10,320.
* The maximum age amount was increased to $6,408.
* The family net income at which the CCTB and CDB begins to be phased out and at which the NCB supplement phase-out is complete for most families, changed to $40,726.[2] The 2009 value increased to $23,710 as a result of changes to the federal tax bracket threshold amounts as noted in Note 1, above.
SOURCE: CRA Newsroom
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