Tax guides

The 2026 federal basic personal amount has a maximum and a lower amount for higher incomes, with the enhancement gradually phased out between income thresholds.

The federal medical expense tax credit uses eligible expenses above an income-based threshold, with a published dollar ceiling for 2026.

The northern residents deductions distinguish basic and additional residency amounts, with different daily amounts for the two prescribed zones.

Tuition amounts can be transferred or carried forward under separate rules from the credit for interest paid on qualifying student loans.

An eligible educator may claim up to $1,000 in eligible supplies expenses, resulting in a refundable credit calculated at 25% on line 46900 of the federal return.

Canadian federal income tax uses five progressive brackets. The top rate of 33% applies to taxable income above $258,482. Provincial or territorial income tax is added on top of the federal amount, and each province sets its own brackets and rates.

The Income Tax Act includes half of a capital gain in taxable capital gains under the general rule. The inclusion rate is distinct from the income tax rate.

GST applies at 5% to taxable supplies in non-participating provinces. Participating provinces use HST, with combined rates determined by the place of supply.

The Canada training credit is refundable, with a limit accumulated over qualifying years and a separate ceiling on each claim.

The moving expenses deduction connects an eligible move with the distance to a new work location or school and the income against which expenses can be deducted.

The Canada employment amount recognises work-related expenses through a claim capped by both a published annual maximum and reported employment income.