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Canada Tables Budget Implementation Bill

by Mike Godfrey,, Washington Friday, April 14, 2017

Canadian Finance Minister Bill Morneau has introduced legislation into the House of Commons to implement changes to individual tax credits announced in last month's Budget.

The Budget Implementation Act, 2017, No. 1, introduced on April 11, 2017, simplifies the existing system of tax credits for those caring for sick family members by consolidating the existing Caregiver Credit, Infirm Dependant Credit, and Family Caregiver Tax Credit into a single tax credit, to be known as the Canada Caregiver Credit.

The new Canada Caregiver Credit will provide tax relief on an amount of:

  • CAD6,883 (USD5,192) in respect of expenses for care of dependent relatives with infirmities (including persons with disabilities) –parents, brothers and sisters, adult children, and other specific relatives.
  • CAD2,150 in respect of expenses for care of a dependent spouse/common-law partner or minor child with an infirmity (including those with a disability).

In addition, the bill expands to the scope of the existing Tuition Tax Credit by including occupational skills courses that are undertaken at a post-secondary institution in Canada, and allowing the full amount of bursaries received for such courses to qualify for the scholarship exemption.

Currently, students who take occupational skills courses below the post-secondary level (e.g., training in a second language or in basic literacy and numeracy to improve job skills) at a college or university cannot claim the Tuition Tax Credit, but those who take similar courses at a non-post-secondary institution can claim it.

The amount of the tuition tax credit is determined by multiplying the lowest personal tax rate percentage by the amount of eligible tuition fees paid in respect of the year. The unused amount of a student's tuition tax credit may be carried forward to future years or be transferred to a spouse or common–law partner, or to a parent or grandparent of either the student or the student's spouse or common–law partner, subject to certain requirements and limitations.

It is intended that these measures will take effect for the 2017 tax year.

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