Federal individual tax credits for 2022 (January 2022)

Dollar amounts on which individual non-refundable federal tax credits for 2022 are based, and the actual tax credit claimable, will be as follows:

                                                                       Credit amount                        Tax credit

Basic personal amount*                                         14,398                               2,159.70

Spouse or common law partner amount*                14,398                              2,159.70

Eligible dependant amount*                                   14,398                               2,159.70

Age amount                                                           7,898                               1,184.70

Net income threshold for erosion of age credit         39,826

Canada employment amount                                  1,287                                 193.05

Disability amount                                                  8,870                                1330.50

Adoption expenses credit                                      17,131                              2,569.65

Medical expense tax credit

Income threshold amount                                      2,479

*For taxpayers having net income for the year of more than $155,625, amounts claimable for the basic personal amount, the spousal amount, and the eligible dependant amount for 2022 may differ.

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