2020 Payroll Legislations

Income Tax Credits

2020 Federal Tax Credits
Basic Personal Amount¹
$13,229.00
Spouse or Common-law Partner Amount
$12,298.00
Canada Caregiver Amount for Infirm Children Under 18
$2,273.00 each child
Canada Caregiver Amount for Dependant(s) Age 18 or older
$7,276.00
Eligible Pension Income Amount
$2,000.00
Age 65 Amount
$7,637.00
Disability Amount
$8,576.00
¹ If the employee’s net income from all sources for the year will be $150,473 or less, they would enter $13,229 [on the TD1]. If the employee’s net income will be between $150,473 and $214,368, and they would want to calculate a partial claim, obtain Form TD1-WS, Worksheet for the 2020 Personal Tax Credits Return, and fill in the appropriate section. If the net income is more than $214,368, the employee will enter $12,298.
2020 Provincial Tax Credits
Alberta
$19,369.00
British Columbia
$10,949.00
Manitoba
$9,838.00
New Brunswick
$10,459.00
Newfoundland & Labrador
$9,498.00
Nova Scotia²
$11,481.00
Ontario
$10,783.00
Prince Edward Island
$10,000.00
Québec
$15,532.00
Saskatchewan
$16,065.00
Northwest Territories
$15,093.00
Nunavut
$16,304.00
Yukon
$12,298.00
²An additional Basic Personal Amount of $3,000 can be claimed by employees with an annual income of $25,000 or less. A partial credit can be claimed by employees with an annual income between $25,000 and $75,000. See form TD1NS and TD1NS-WS worksheet for details.
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