Federal individual tax credits for 2021

January 29, 2021by AB

Dollar amounts on which individual non-refundable federal tax credits for 2021 are based, and the actual tax credit claimable, will be as follows:

Credit amount                        Tax credit

Basic personal amount*                                   13,808                               2,071.20

Spouse or common law

partner amount*                                          13,808                               2,071.20

Eligible dependant amount*                             13,808                               2,071.20

Age amount                                                    7,713                                1,156.95

Net income threshold for erosion of

age credit                                                      38,893

Canada employment amount                           1,257                                  188.55

Disability amount                                           8,662                                 1,299.30

Adoption expenses credit                               16,729                                2,509.35

Medical expense tax credit

Income threshold amount                               2,421


*For taxpayers having net income for the year of more than $151,978, amounts claimable for the basic personal amount, the spousal amount, and the eligible dependant amount for 2021 may differ.


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.