2012 indexation adjustment for personal income tax and benefit amounts

Source URL

http://www.cra-arc.gc.ca/nwsrm/fctshts/2011/m11/fs111122-eng.html

Disclaimer

We do not guarantee the accuracy of this copy of the CRA website.

Scraped Page Content

2012 indexation adjustment for personal income tax and benefit amounts

Archived content

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

Archived

This page has been archived on the Web.

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, 2012. 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, 2012, to coincide with the beginning of the program year for payment of these benefits.

The following chart compares the indexed amounts for the 2011 and 2012 tax years. It reflects an indexation increase of 2.8% for 2012.

	2012 ($)	2011 ($)
Tax bracket thresholds
Taxable income above which the 22% bracket begins	42,707	41,544
Taxable income above which the 26% bracket begins	85,414	83,088
Taxable income above which the 29% bracket begins	132,406	128,800
Amounts relating to non-refundable tax credits
Basic personal amount	10,822	10,527
Age amount	6,720	6,537
Net income threshold	33,884	32,961
Spouse or common-law partner amount (max.)	10,822	10,527
Spouse or common-law partner amount (max. if eligible for the family caregiver amount)	12,822	N/A
Amount for an eligible dependant (max.)	10,822	10,527
Amount for an eligible dependant (max. if dependant eligible for the family caregiver amount)	12,822	N/A
Amount for children under age 18 (max. per child)	2,191	2,131
Amount for children under age 18 (max. per child eligible for the family caregiver amount)	4,191	N/A
Canada employment amount (max.)	1,095	1,065
Infirm dependant amount (max. per dependant)	6,402[Footnote 1]	4,282
Net income threshold	6,420	6,076
Caregiver amount (max. per dependant)	4,402	4,282
Caregiver amount (max. per dependant eligible for the family caregiver amount)	6,402	N/A
Net income threshold	15,033	14,624
Disability amount	7,546	7,341
Supplement for children with disabilities (max.)	4,402	4,282
Threshold relating to allowable child care and attendant care expenses	2,578	2,508
Adoption expenses (max. per adoption)	11,440	11,128
Medical expense tax credit—3% of net income ceiling	2,109	2,052
Refundable medical expense supplement
Maximum supplement	1,119	1,089
Minimum earnings threshold	3,268	3,179
Family net income threshold	24,783	24,108
Old Age Security repayment threshold	69,562	67,668
Certain board and lodging allowances paid to players on sports teams or members of recreation programs
Income exclusion (max. per month)	329	320
Tradesperson’s tools deduction
Threshold amount relating to cost of eligible tools	1,095	1,065
Goods and Services Tax/Harmonized Sales Tax credit
Adult maximum	260	253
Child maximum	137	133
Single supplement	137	133
Phase-in threshold for the single supplement	8,439	8,209
Family net income at which credit begins to phase out	33,884	32,961
Canada Child Tax Benefit
Base benefit	1,405	1,367
Additional benefit for third child	98	95
Family net income at which base benefit begins to phase out	42,707	41,544
National Child Benefit (NCB) supplement
First child	2,177	2,118
Second child	1,926	1,873
Third child	1,832	1,782
Family net income at which NCB supplement begins to phase out	24,863	24,183
Family net income at which NCB supplement phase-out is complete	42,707	41,544
Canada Disability Benefit (CDB)
Maximum benefit	2,575	2,504
Family net income at which CDB supplement begins to phase out	42,707	41,544
Children’s Special Allowances (CSA)
CSA Base Amount	3,582	3,485