Category: History

Refundable medical expense supplement is a refundable tax credit for working individuals with low income and high medical expenses.

When you claim medical expense credit for other dependants at line 331, each dependant’s allowable amount has to be calculated separately. You can only claim the expenses in excess of the lesser of $2,109 and 3% of the dependant’s net income, whichever is less. Example [For year 2012 tax return] John and his wife Helen live…

In 2013, the full caregiver amount is $4,490 providing you with a maximum tax credit of $673.50 (15% of $4,490). The credit is a non-refundable tax credit. The amount is reduced dollar by dollar by your dependant’s net income (line 236 of his or her tax return) excess of $15,334. It expires where the dependant’s income is…

The following table lists the income tax rates and brackets in Yukon for 2014. It is based on taxable income.

The following table lists the income tax rates and brackets in Yukon for 2013. It is based on taxable income.

The following table lists the income tax rates and brackets in Saskatchewan for 2013. It is based on taxable income.

The following table lists the income tax rates and brackets in Saskatchewan for 2014. It is based on taxable income.

The following table lists the income tax rates and brackets in Prince Edward Island for 2013. It is based on taxable income.

The following table lists the income tax rates and brackets in Prince Edward Island for 2014. It is based on taxable income.

The following table lists the income tax rates and brackets in Ontario for 2013. It is based on taxable income. Income Tax Bracket Income tax Rate 0 – $39,723 5.05% $39,723.01 – $79,448 9.15% $79,448.01 – $509,000 11.16% $509,000.01 and up 13.16% Get your tax done by a professional without leaving your home! How?  What…