Tax Facts
Indexed Amounts
2007 |
2006 |
||||
| Federal | Ontario(i) | Federal | Ontario | ||
| Basic personal amount | $ 8,929 | $ 8,839 | $ 8,377 | ||
| Spousal/equivalent-to-spouse | 7521 | 7,505 | 7,113 | ||
|
759 | 751 |
711 |
||
| Infirm dependant amount (over 18) | 4019 | 3,933 | 3,948 | ||
|
5702 | 5,580 |
5,613 |
||
| Caregiver amount | 4019 | 3,933 | 3,948 | ||
|
13,729 | 13,430 |
13,509 |
||
| Age amount (ii) | 5,177 | 4,066 | 4,090 | ||
|
30,936 | 30,270 |
30,448 |
||
| Adoption credit | 10,445 | 10,220 | 10,220 | ||
| Pension credit | 2,000 | 2,000 | 1,158 | ||
| Employment credit | 1,500 | 250 | - | ||
| Disability amount | 6,890 | 6,741 | 6,768 | ||
|
4,019 | 3,933 |
3,948 |
||
|
2,350 | 2,303 | 2,313 | ||
| Medical expense tax credit | 1,926 | 1,884 | 1,897 | ||
|
64,200 | 62,800 |
63,233 |
||
| Education & Textbooks - full time | 780 | 465 | 451 | ||
|
400 |
140 |
135 |
||
| Tuition and education transfer (max) | 5,000 | 5,000 | 5,792 | ||
| Old Age Security - threshold to repay | 63,511 | 62,144 | - | ||
| Top rate of tax begins at | 120,807 | 118,283 | 118,285 | ||
| (i) Not released as of January 18, 2007 | |||||
| (ii) 2006 amounts were changed on October 31, 2006 | |||||