21.1 (1) Subject to subsection (2), an individual is an eligible individual for a taxation year for the purposes of this section if the individual was resident in Canada at the beginning of the year. 2018, c. 17, Sched. 42, s. 6. Same (2) An individual is not an eligible individual for a taxation year if, (a) the individual is not resident in Ontario on the last day of the taxation year; (b) the individual is not resident in Canada, (i) at any time in the calendar year containing the taxation year, or (ii) if the individual dies in the taxation year, at any time in the period that begins on the first day of the calendar year containing the taxation year and ends on the last day of the taxation year; (c) the individual is a trust referred to in subdivision k of Division B of Part I of the Federal Act; (d) the individual’s tax payable under Part I of the Federal Act for the taxation year is determined under Division E.1 of that Part; (e) the individual is a bankrupt at any time in the calendar year containing the taxation year; (f) the individual’s tax return for the taxation year is filed on the individual’s behalf by a trustee in bankruptcy under paragraph 128 (2) (e) or (h) of the Federal Act; or (g) the individual was confined to a prison or similar institution for a period that includes December 31 of the previous taxation year and the first 179 days in the taxation year. 2021, c. 40, Sched. 21, s. 4. Amount (3) An individual who is an eligible individual for a taxation year ending after December 31, 2018 and before January 1, 2022 may deduct in computing the individual’s tax payable under this Division for the year an amount calculated using the formula, (A – B) × C in which, “A” is the lesser of, (a) $850, and (b) the lowest tax rate for the year multiplied by the individual’s employment income for the year, “B” is equal to 10 per cent of the greater of, (a) the amount, if any, by which the individual’s personal adjusted income for the year exceeds $30,000, and (b) the amount, if any, by which the individual’s adjusted income for the year exceeds $60,000, and “C” is equal to the individual’s Ontario allocation factor for the year. 2018, c. 17, Sched. 42, s. 6; 2022, c. 17, Sched. 5, s. 1 (1). Amount, 2022 and subsequent taxation years (3.1) An individual who is an eligible individual for a taxation year ending after December 31, 2021 may deduct in computing the individual’s tax payable under this Division for the year an amount calculated using the formula, (D – E) × F in which, “D” is the lesser of, (a) $875, and (b) the lowest tax rate for the year multiplied by the individual’s employment income for the year, “E” is equal to 5 per cent of the greater of, (a) the amount, if any, by which the individual’s personal adjusted income for the year exceeds $32,500, and (b) the amount, if any, by which the individual’s adjusted income for the year exceeds $65,000, and “F” is equal to the individual’s Ontario allocation factor for the year. 2022, c. 17, Sched. 5, s. 1 (2). Definitions (4) For the purposes of this section, “adjusted income” means, in respect of an individual for a taxation year, the individual’s adjusted income for the year as determined for the purposes of subdivision A.1 of Division E of Part I of the Federal Act; (“revenu modifié”) “employment income” means, in respect of an individual for a taxation year, the total of all amounts, each of which is an amount included in computing the individual’s income for the year from an office or employment or an amount included in the individual’s income for the year because of subparagraph 56 (1) (r) (v) of the Federal Act; (“revenu d’emploi”) “personal adjusted income” means, in respect of an individual for a taxation year, the individual’s adjusted income for the year, determined as if the individual did not have a cohabiting spouse or common-law partner at the end of the year. (“revenu personnel modifié”) 2018, c. 17, Sched. 42, s. 6; 2022, c. 17, Sched. 5, s. 1 (3). Section Amendments with date in force (d/m/y) 2018, c. 17, Sched. 42, s. 6 - 06/12/2018 2021, c. 40, Sched. 21, s. 4 - 01/01/2022 2022, c. 17, Sched. 5, s. 1 (1-3) - 08/09/2022