100% CFE Success
Congratulations to our successful CFE writers! We are beyond proud of our CPA Students who wrote the Common Final Exam (CFE) in September 2022. We had […]
Congratulations to our successful CFE writers! We are beyond proud of our CPA Students who wrote the Common Final Exam (CFE) in September 2022. We had […]
Dollar amounts on which individual non-refundable federal tax credits for 2019 are based, and the actual tax credit claimable, will be as follows.
Basic personal amount
Credit Amount $12,069
Tax Credit $1,810.35
Spouse or common law partner amount
Credit Amount $12,069
Tax Credit $1,810.35
Eligible dependant amount
Credit Amount $12,069
Tax Credit $1,810.35
Age amount
Credit Amount $7,494
Tax Credit $1,124.10
Net income threshold for erosion of credit
Credit Amount $37,790
Canada employment amount
Credit Amount $1,222
Tax Credit $183.30
Disability amount
Credit Amount ($)8,416
Tax Credit ($)1,262.40
Adoption expense credit
Credit Amount ($)16,255
Tax Credit ($)2,438.25
Medical expense tax credit
Credit Amount $2,352
Maximum refundable medical expense supplement
Credit Amount $1,248
The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.