Ontario

Main non-refundable tax credits 2021

 

This document is up to date as of August 1, 2021 and reflects the status of legislation, including proposed amendments at this date.

Federal (15 %) Ontario (5,05 %)
$ $
Basic personal amount 13,8081 10,880
Spouse and eligible dependant 13,8081, 2,3   9,2384
Caregiver for a dependant aged 18 and older who has a disability5 7,3486   5,1287
Employment amount 1,2578 n/a
Age amount 7,7139 5,31210
Retirement income 2,000 1,504
Person suffering from a disability
Supplement (- 18 years of age)
8,662
5,05311
8,790
5,12712
Adoption fees 16,72913 13,27413
Volunteer firefighters 3,000 n/a
Search and rescue volunteer 3,000 n/a
Purchase of first home 5,000 n/a
Home accessibility 10,00013 n/a14
Medical expenses
  • 15% of expenses which exceed the lesser of $2,421 or 3% of applicant’s net income
  • No limit for dependants
  • 5.05% of expenses which exceed the lesser of $2,462 or 3% of applicant’s net income
  • Maximum medical expenses for dependant of $13,274
Charitable donations
  • Max. donations: 75% of net income
  • 15% on the first $200 and 29% or 33% on excess amount
  • Max. donations: 75% of net income
  • 5.05% on the first $200 and 11.16% on excess amount

1 Gradually reduced when revenue exceeds $151,978, to a minimum of $12,421 when revenue reaches $216,511.
2 Reduced by net income of spouse or dependant.
3 Potential $2,295 additional amount if eligible for Canadian caregiver tax credit (also offered for a dependant child under 18 years of age).
4 Reduced for each $1 exceeding $924 (nil at $10,162).
5 Other than a person for whom the spouse tax credit or eligible dependant tax credit is claimed.
6 Reduced by each $1 of net income of the dependant in excess of $17,256 (nil at $24,604).
7 Reduced by each $1 of net income of the dependant in excess of $17,544 (nil at $22,672).
8 Amount equal to taxpayer’s employment income for the year (max. $1,257).
9 Reduced by 15% for each $1 exceeding $38,893 (nil at $90,313).
10 Reduced by 15% for each $1 exceeding $39,546 (nil at $74,960).
11 Reduced by child care and caregiver expenses exceeding $2,959 (nil at $8,012).
12 Reduced by child care and caregiver expenses exceeding $3,002 (nil at $8,129).
13 Maximum amount of expenses eligible for the credit.
14 Refundable tax credit available in Ontario.
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