Tax Credits
The following federal, provincial and territorial income tax credit amounts can be used in calculating employee source deductions in 2021.
| 2021 Federal Tax Credits | |
| Basic Personal Amount1 | $13,808.00 |
| Spouse or Common-law Partner Amount | Variable3 |
| Canada Caregiver Amount for Infirm Children Under 18 | $2,295.00 each child |
| Canada Caregiver Amount for Dependant(s) Age 18 or older | $7,348.00 |
| Eligible Pension Income Amount | $2,000.00 |
| Age 65 Amount | $7,713.00 |
| Disability Amount | $8,862.00 |
| 2021 Provincial Tax Credits | |
| Alberta | $19,369.00 |
| British Columbia | $11,070.00 |
| Manitoba | $9,936.00 |
| New Brunswick | $10,564.00 |
| Newfoundland & Labrador | $9,536.00 |
| Northwest Territories | $15,243.00 |
| Nova Scotia2 | $11,481.00 |
| Nunavut | $16,467.00 |
| Ontario | $10,880.00 |
| Prince Edward Island | $10,500.00 |
| Québec | $15,728.00 |
| Saskatchewan | $16,225.00 |
| Yukon | $13,808.00 |
- If the employee's net income from all sources for the year will be $150,473 or less, they would enter $13,229 [on the TD1]. If the employee's net income will be between $150,473 and $214,368, and they would want to calculate a partial claim, obtain Form TD1-WS, Worksheet for the 2020 Personal Tax Credits Return, and fill in the appropriate section. If the net income is more than $214,368, the employee will enter $12,298.
- Every resident of Canada can enter a basic personal amount of $13,808. However, if your net income from all sources will be greater than $151,978 and you enter $13,808, you may have an amount owing on your income tax and benefit return at the end of the tax year. If your income from all sources will be greater than $151,978, you have the option to calculate a partial claim. To do so, fill in the appropriate section of Form TD1-WS, Worksheet for the 2021 Personal Tax Credits Return.
- See Line 7 of the 2021 TD1 – Personal Tax Credits Return form.