Income Tax Act — I-3.3 118
g and continuous period of indefinite duration, dependent on others for significantly more assistance in attending to the child’s personal needs and care, when compared to children of the same age if (i) the child ordinarily resides throughout the taxation year with the individual together with another parent of the child, or (ii) except if subparagraph (i) applies, the individual (A) may deduct an amount under paragraph (b) in respect of the child, or (B) could deduct an amount under paragraph (b) in respect of the child if (I) paragraph (4)(a) and the reference in paragraph (4)(b) to “or the same domestic establishment” did not apply to the individual for the taxation year, and (II) the child had no income for the year, Single status (c) except in the case of an individual entitled to a deduction because of paragraph (a) or (b), the basic personal amount of the individual for the year, (c.1) [Repealed, 2017, c. 20, s. 12] Canada caregiver credit (d) for each person who, at any time in the year, (i) is dependent on the individual because of mental or physical infirmity, and (ii) either (A) is a spouse or common-law partner of the individual, or (B) has attained the age of 18 years and is a dependant of the individual, the amount determined by the formula $6,883 − E where E is the amount, if any, by which the dependant’s income for the year exceeds $16,163, and Additional amount (e) in the case of an individual entitled to a deduction in respect of a person because of paragraph (a) or (b) and who would also be entitled, but for paragraph (4)(c), to a deduction because of paragraph (d) in respect of the person, the amount by which the amount that would be determined under paragraph (d) exceeds the amount determined under paragraph (a) or (b), as the case may be, in respect of the person. Definition of basic personal amount (1.1) For the purposes of subsection (1), basic personal amount , of an individual for a taxation year, means the amount determined by the formula A + B where A is $12,298; and B is the amount determined by the formula C − D × E where C is the amount determined by the formula F − G where F is (a) for the 2020 taxation year, $13,229, (b) for the 2021 taxation year, $13,808, (c) for the 2022 taxation year, $14,398, and (d) for the 2023 and subsequent taxation years, $15,000, and G is the amount determined for A, D is the amount determined for C, and E is (a) if the individual’s income for the year is less than or equal to the first dollar amount for the year referred to in paragraph 117(2)(d), nil, and (b) in any other case, the lesser of 1 and the amount determined by the formula (H − I)/J where H is the individual’s income for the year, I is the first dollar amount for the year referred to in paragraph 117(2)(d), and J is the amount determined by the formula K − L where K is the first dollar amount for the year referred to in paragraph 117(2)(e), and L is the amount determined for I. Age credit (2) For the purpose of computing the tax payable under this Part for a taxation year by an individual who, before the end of the year, has attained the age of 65 years, there may be deducted the amount determined by the formula A × ($6,408 – B) where A is the appropriate percentage for the year; and B is 15% of the amount, if any, by which the individual’s income for the year would exceed $25,921 if, in computing that income, no amount were included in respect of a gain from a disposition of property to which section 79 applies and no amount were deductible under paragraph 20(1)(ww). Pension credit (3) For the purpose of computing the tax payable under this Part by an individual for a taxation year, there may be deducted an amount determined by the formula A × B where A is the appropriate percentage for the year; and B is the lesser of (a) $2,000, and (b) the total of (i) the eligible pension income of the individual for the taxation year, (ii) the total of all amounts received by the individual in the year on account