2017 Personal tax credit change

By XYZ on 12/28/2017.

Children’s fitness tax credit
The children’s fitness tax credit is eliminated for the 2017 and subsequent tax years.

Children’s arts amount
The federal children’s arts amount is eliminated for the 2017 and subsequent tax years.

Tuition, Education, and Textbook Amounts
For 2017 and later tax years, the federal education and textbook amounts have eliminated. Ontario students will still be able to claim the tuition tax credit for eligible tuition fees paid for studies that began before September 5, 2017. They will also be able to claim the education tax credit for months of study before September 2017.

Public transit amount
The non-refundable tax credit for the public transit amount is eliminated after June 2017.

Canada caregiver amount for spouse or common-law partner, or eligible dependant age 18 or older
If you are eligible for the Canada caregiver amount for your spouse or common-law partner, or an eligible dependant 18 years of age or older, and his or her net income is between $6,902 and $23,046, you may be able to claim an amount up to a maximum of $6,883. However, you must first claim the amount of $2,150 in calculating the spouse or common-law partner amount on line 303, or the amount on line 305 for an eligible  dependant 18 years of age or older.

Canada caregiver amount for other infirm dependants age 18 or older
You can claim an amount up to a maximum of $6,883 for each of your or your spouse’s or common-law partner’s dependent children or grandchildren only if that person was dependent on you because of an impairment in physical or mental functions and was 18 years of age or older.

Labour-sponsored funds tax credit
The tax credit for the purchase of shares of federally registered labour-sponsored venture capital corporations is eliminated for the 2017 and subsequent tax years.

Federal Amounts Transferred from Your Spouse or Common-Law Partner
The Canada caregiver amount has replaced the family caregiver amount.

Ontario caregiver amount
For the 2017 and subsequent tax years, the new Ontario caregiver amount has replaced the amount for infirm dependant age 18 or older and the caregiver amount.

Ontario seniors’ public transit tax credit
The new refundable tax credit allows eligible seniors to claim their eligible public transit costs in respect of transit on or after July 1, 2017. In order to claim this credit, an individual must be at least 65 years old at the beginning of the year and resident in Ontario on the last day of the tax year.

Ontario Children’s activity tax credit
The children’s activity tax credit is eliminated for the 2017 and later tax years.

Ontario Healthy Homes Renovation Tax Credit
The Ontario government introduced a Healthy Homes Renovation Tax Credit, which is applicable to eligible expenditures made on or after October 1, 2011. The Ontario 2016 Budget indicated that this credit is eliminated in 2017.

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