Indexation adjustment for personal income tax and benefit amounts

Each year, certain personal income tax and benefit amounts are indexed to inflation using the Consumer Price Index data as reported by Statistics Canada.

Increases to tax bracket thresholds, amounts relating to non-refundable credits, and most other amounts below take effect on January 1 of the applicable year.

Increases in amounts for certain income-tested benefits like the goods and services tax credit, the Canada child benefit and Child disability benefit, take effect on July 1 to coincide with the beginning of the program year for payments of these benefits.

The following chart provides the indexed amounts for four tax years based on the announced personal income tax and benefit commitments to date.

Indexation increase per year
Description 2020 2019 2018 2017
Indexation increase 1.9% 2.2% 1.5% 1.4%
Tax bracket thresholds
Description 2020 2019 2018 2017
Taxable income above which the 20.5% bracket begins $48,535 $47,630 $46,605 $45,916
Taxable income above which the 26% bracket begins $97,069 $95,259 $93,208 $91,831
Taxable income above which the 29% bracket begins $150,473 $147,667 $144,489 $142,353
Taxable income above which the 33% bracket begins $214,368 $210,371 $205,842 $202,800
Amounts relating to non-refundable tax credits
Description 2020 2019 2018 2017
Basic personal amount $12,298 $12,069 $11,809 $11,635
Age amount $7,637 $7,494 $7,333 $7,225
Net income threshold for age amount $38,508 $37,790 $36,976 $36,430
Spouse or common-law partner amount (maximum) $12,298 $12,069 $11,809 $11,635
Spouse or common-law partner amount (maximum if eligible for the Canada caregiver amount for a dependent) $14,571 $14,299 $13,991 $13,785
Amount for an eligible dependant (maximum) $12,298 $12,069 $11,809 $11,635
Amount for an eligible dependant (maximum if eligible for the Canada caregiver amount for a dependent) $14,571 $14,299 $13,991 $13,785
Canada caregiver amount for children under age 18 $2,273 $2,230 $2,182 $2,150
Canada employment amount (maximum) $1,245 $1,222 $1,195 $1,178
Canada caregiver amount for other infirm dependants age 18 or older (maximum amount) $7,276 $7,140 $6,986 $6,883
Net income threshold for Canada caregiver amount $17,085 $16,766 $16,405 $16,163
Disability amount $8,576 $8,416 $8,235 $8,113
Supplement for children with disabilities (maximum) $5,003 $4,909 $4,804 $4,733
Threshold relating to allowable child care and attendant care expenses $2,930 $2,875 $2,814 $2,772
Adoption expenses (maximum per adoption) $16,563 $16,255 $15,905 $15,670
Medical expense tax credit (3% of net income ceiling) $2,397 $2,352 $2,302 $2,268
Refundable medical expense supplement
Description 2020 2019 2018 2017
Maximum supplement $1,272 $1,248 $1,222 $1,203
Minimum earnings threshold $3,714 $3,645 $3,566 $3,514
Family net income threshold $28,164 $27,639 $27,044 $26,644
Old age security repayment
Description 2020 2019 2018 2017
Old age security repayment threshold $79,054 $77,580 $75,910 $74,788
Certain board and lodging allowances paid to players on sports teams or members of recreation programs
Description 2020 2019 2018 2017
Income exclusion (maximum per month) $373 $366 $359 $353
Tradesperson’s tools deduction
Description 2020 2019 2018 2017
Threshold amount relating to cost of eligible tools $1,245 $1,222 $1,195 $1,178
Canada training credit (CTC)Footnote 1
Description 2020 2019 2018 2017
Minimum working income threshold $10,000      
Maximum net income $147,667      
Goods and services tax/harmonized sales tax credit
Description 2020 2019 2018 2017
Adult maximum $296 $290 $284 $280
Child maximum $155 $153 $149 $147
Single supplement $155 $153 $149 $147
Phase-in threshold for the single supplement $9,590 $9,412 $9,209 $9,073
Family net income at which credit begins to phase out $38,507 $37,789 $36,976 $36,429
Tax-free savings account
Description 2020 2019 2018 2017
Annual TFSA dollar limit Footnote 2 $6,000 $6,000 $5,500 $5,500
Lifetime capital gains exemption for qualified farm or fishing property and qualified small business corporation shares Footnote 3
Description 2020 2019 2018 2017
Exemption limit $883,384 $866,912 $848,252 $835,716
Deduction limit (since ½ of the capital gain is taxable) $441,692 $433,456 $424,126 $417,858
Additional exemption amount for qualified farm or fishing property $116,616 $133,088 $151,748 $164,284
Additional deduction amount for qualified farm or fishing property (since ½ of the capital gain is taxable) $58,308 $66,544 $75,874 $82,142
Canada child benefit (CCB) Footnote 4
Description 2020 2019 2018 2017
CCB (base benefit, child under age 6) $6,765 $6,639 $6,496 $6,400
CCB (base benefit, child aged 6 to 17) $5,708 $5,602 $5,481 $5,400
Adjusted family net income at which phase out begins $31,711 $31,120 $30,450 $30,000
Second phase out threshold $68,708 $67,426 $65,975 $65,000
Base phase out amount for one eligible child $2,590 $2,541 $2,487 $2,450
Base phase out amount for two eligible children $4,995 $4,901 $4,796 $4,725
Base phase out amount for three eligible children $7,029 $6,898 $6,750 $6,650
Base phase out amount for four or more eligible children $8,509 $8,351 $8,171 $8,050
Child disability benefit (CDB)
Description 2020 2019 2018 2017
Maximum benefit $2,886 $2,832 $2771 $2730
Family net income threshold for phase out $68,708 $67,426 $65,975 $65,000
Children’s special allowance (CSA)
Description 2020 2019 2018 2017
CSA base amount Footnote 4 for year 2020 Footnote 4 for year 2019 Footnote 4 for year 2018 Footnote 4 for year 2017
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