Indexation adjustment for personal income tax and benefit amounts

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 below take effect on January 1 of the applicable year.

Increases in amounts for certain income-tested benefits (for example, the goods and services tax credit) take effect on July 1, to coincide with the beginning of the program year for payments of this benefit.

The following chart provides the indexed amounts for four tax years.

Indexation amounts in $
Description 2017 2016 2015 2014
Indexation increase 1.4% 1.3% 1.7% 0.9%
Tax bracket thresholds

Taxable income above which the 20.5% (22% prior to 2016) bracket beginsFootnote 1

45,916 45,282 44,701 43,953

Taxable income above which the 26% bracket beginsFootnote 1

91,831 90,563 89,401 87,907

Taxable income above which the 29% bracket beginsFootnote 1

142,353 140,388 138,586 136,270

Taxable income above which the 33% bracket beginsFootnote 1

202,800 200,000 N/A N/A
Amounts relating to non-refundable tax credits

Basic personal amount

11,635 11,474 11,327 11,138

Age amount

7,225 7,125 7,033 6,916

Net income threshold for age amount

36,430 35,927 35,466 34,873

Spouse or common-law partner amount (maximum)

11,635 11,474 11,327 11,138

Spouse or common-law partner amount (maximum if eligible for the family caregiver amount)

13,785 13,595 13,420 13,196

Amount for an eligible dependant (maximum)

11,635 11,474 11,327 11,138

Amount for an eligible dependant (maximum if dependant eligible for the family caregiver amount)

13,785 13,595 13,420 13,196

Family caregiver amount for children under age 18

2,150 2,121 2,093 N/A

Amount for children under age 18 (maximum per child)Footnote 2

N/A N/A N/A 2,255

Amount for children under age 18 (maximum per child eligible for the family caregiver amount)Footnote 2

N/A N/A N/A 4,313

Canada employment amount (maximum)

1,178 1,161 1,146 1,127

Infirm dependant amount (maximum per dependant)

6,883 6,788 6,700 6,589

Net income threshold for infirm dependant amount

6,902 6,807 6,720 6,607

Caregiver amount (maximum per dependant)

4,732 4,667 4,608 4,530

Caregiver amount (maximum per dependant eligible for the family caregiver amount)

6,882 6,788 6,701 6,588

Net income threshold for caregiver amount

16,163 15,940 15,735 15,472

Disability amount

8,113 8,001 7,899 7,766

Supplement for children with disabilities (maximum)

4,733 4,667 4,607 4,530

Threshold relating to allowable child care and attendant care expenses

2,772 2,734 2,699 2,654

Adoption expenses (maximum per adoption)Footnote 3

15,670 15,453 15,255 15,000

Medical expense tax credit (3% of net income ceiling)

2,268 2,237 2,208 2,171
Refundable medical expense supplement

Maximum supplement

1,203 1,187 1,172 1,152

Minimum earnings threshold

3,514 3,465 3,421 3,363

Family net income threshold

26,644 26,277 25,939 25,506

Old age security repayment threshold

74,788 73,756 72,809 71,592
Certain board and lodging allowances paid to players on sports teams or members of recreation programs

Income exclusion (maximum per month)

353 348 344 338
Tradesperson's tools deduction

Threshold amount relating to cost of eligible tools

1,178 1,161 1,146 1,127
 
Goods and services tax/harmonized sales tax credit

Adult maximum

280 276 272 268

Child maximum

147 145 143 141

Single supplement

147 145 143 141

Phase-in threshold for the single supplement

9,073 8,948 8,833 8,685

Family net income at which credit begins to phase out

36,429 35,926 35,465 34,872
Tax-Free Savings Account (TFSA)

Annual TFSA dollar limitFootnote 4

5,500 5,500 10,000 5,500
Lifetime capital gains exemption for qualified farm or fishing property and qualified small business corporation sharesFootnote 5

Exemption limit

835,716 824,176 813,600 800,000

Deduction limit (since ½ of the capital gain is taxable)

417,858 412,088 406,800 400,000

Additional exemption amount for qualified farm or fishing property

164,284 175,824 186,400 N/A

Additional deduction amount for qualified farm or fishing property (since ½ of the capital gain is taxable)

82,142 87,912 93,200 N/A
Canada child tax benefitFootnote 10

Base benefit

Footnote 6 Footnote 6 1,471 1,446

Additional benefit for third child

Footnote 6 6 103 101

Family net income at which base benefit begins to phase out

Footnote 6 Footnote 6 44,701 43,953
National child benefit (NCB) supplementFootnote 10

First child

Footnote 7 Footnote 7 2,279 2,241

Second child

Footnote 7 Footnote 7 2,016 1,982

Third child

Footnote 7   7 1,918 1,886

Family net income at which NCB supplement begins to phase out

Footnote 7      7 26,021 25,584

Family net income at which NCB supplement phase-out is complete

Footnote 7  7 44,701 43,953
Child disability benefit (CDB)Footnote 10

Maximum benefit

Footnote 8  8 2,695 2,650

Family net income at which CDB supplement begins to phase out

Footnote 8  8 44,701 43,953
Children’s special allowances (CSA)Footnote 10

CSA Base Amount

Footnote 9    9 3,750 3,687
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