Ontario

Main non-refundable tax credits 2020

 

This document is up to date as of September 3, 2020 and reflects the status of legislation, including proposed amendments at this date.

Federal (15 %) Ontario (5,05 %)
$ $
Basic personal amount 13,2291 10,783
Spouse and eligible dependant

13,2291, 2,3

  9,1564

Caregiver for a dependant aged 18 and older who has a disability5

7,2766

  5,0827

Employment amount

1,2458

n/a
Age amount

  7,6379

  5,26510

Retirement income 2,000

1,491

Person suffering from a disability Supplement (- 18 years of age)

8,576
5,00311

8,712
5,08112

Adoption fees

16,56313

13,15613

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 $2,397 or 3% of applicant’s net income
  • No limit for dependants
  • 5.05% of expenses which exceed the lesser of $2,440 or 3% of applicant’s net income
  • Maximum medical expenses for dependant of $13,156
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 11.6% on excess amount

1 Gradually reduced when revenue exceeds $150,473, to a minimum of $12,298 when revenue reaches $214,368.
2 Reduced by net income of spouse or dependant.
3 Potential $2,273 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 $915 (nil at $10,071).
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 $17,085 (nil at $24,361).
7 Reduced by each $1 of net income of the dependant in excess of $17,388 (nil at $22,470).
8 Amount equal to taxpayer’s employment income for the year (max. $1,245).
9 Reduced by 15% for each $1 exceeding $38,508 (nil at $89,421).
10 Reduced by 15% for each $1 exceeding $39,193 (nil at $74,293).
11 Reduced by child care and caregiver expenses exceeding $2,930 (nil at $7,933).
12 Reduced by child care and caregiver expenses exceeding $2,975 (nil at $8,056).
13 Maximum amount of expenses eligible for the credit.
14 Refundable tax credit available in Ontario.
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