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What's New in 2018?

New tax law changes in from 2018-2019

The Climate Action Incentive is a new refundable credit available as of January 1, 2018. For more information, see Schedule 14, Climate Action Incentive.

Employee home relocation loan deduction (line 248 of the return) – As of January 1, 2018, this deduction has been eliminated.

Medical expenses (lines 330 and 331 of Schedule 1) – Eligible medical expenses have been expanded to include a variety of expenses relating to service animals specially trained to perform specific tasks for a patient with a severe mental impairment.

Donations and gifts (line 349 of Schedule 1) – As of January 1, 2018, the first-time donor’s super credit has been eliminated.

As of February 27, 2018, registered universities outside Canada will no longer need to be prescribed in Schedule VIII of the Income Tax Regulations. For more information on qualified donees, see Pamphlet P113, Gifts and Income Tax.

Tax on split income (TOSI) (line 424 of Schedule 1) – As of January 1, 2018, in addition to applying to certain types of income of a child born in 2001 or later, TOSI may now also apply to amounts received by adult individuals from a related business. Where TOSI applies, the disability tax credit can now be used to reduce the individual’s tax payable for the year.

However, income that is subject to TOSI must now be added to the individual’s net income for the purpose of calculating various deductions, credits and benefits. For more information, see Form T1206, Tax on Split Income.

Scholarships, fellowships, bursaries, and artists’ project grants exemption (line 130) – The eligibility for the exemption has been  enhanced under certain conditions to include scholarships and bursaries received for occupational skills courses that are not at the post-secondary level.

Canada caregiver amount – The Canada caregiver amount has replaced the family caregiver amount, the amount for infirm dependents age 18 or older (line 306), and the caregiver amount (line 315). You could be entitled to claim this amount in the calculation of certain non-refundable tax credits if the person you are making the claim for has an impairment in physical or mental functions.

Your tuition, education, and textbook amounts (line 323) –

As of January 1, 2017, the federal education and textbook amounts have been eliminated. The eligibility criteria for the tuition amount has been enhanced under certain conditions to include fees paid for occupational skills courses that are not at the post-secondary level.

Medical expenses (lines 330 and 331) – Individuals who need medical intervention to conceive a child are eligible to claim the same expenses as individuals with medical infertility. You can also request an adjustment to claim such medical expenses on any income tax return for the 10 previous calendar years.

Donations and gifts (line 349) – A gift of ecologically sensitive land cannot be made to a private foundation after March 21, 2017. There are also a number of changes to the Ecological Gifts Program.

 Public transit amount (line 364) – As of July 1, 2017, this amount has been eliminated.

Children’s arts amount (line 370) – As of January 1, 2017, this amount has been eliminated.

Children’s fitness tax credit (lines 458 and 459) – As of January 1, 2017, this credit has been eliminated.

Disability tax credit (DTC) certification – As of March 22, 2017, nurse practitioners have been added to the list of medical practitioners who may certify eligibility of a person for the DTC.

Investment tax credit (line 412) – Eligibility for the mineral exploration tax credit has been extended to flow-through share agreements entered into before April 2018. In addition, as of March 22, 2017, expenses for the creation of child care spaces are no longer eligible for the investment tax credit.

Labour-sponsored funds tax credit (lines 411 and 419) – As of January 1, 2017, the tax credit for the purchase of shares of federally registered labour-sponsored venture capital corporations (LSVCC) has been eliminated. The tax credit for provincially registered LSVCC can still be claimed on lines 413 and 414.

Individual investors in BC are entitled to a 30% refundable tax credit, up to an annual maximum tax credit of $60,000. Individual investors who invest in the first 60 days of a calendar year can elect to apply their tax credits to the previous calendar year’s tax return.

Type of pension or benefitAverage amount for new beneficiaries (July 2018)Maximum payment amount (2018)
Retirement pension (at age 65)$673.10$1,134.17
Post-retirement benefit (at age 65)$10.35$28.35
Disability benefit$961.43$1,335.83
Survivor’s pension – younger than 65$424.15$614.62
Survivor’s pension – 65 and older$311.59$680.50
Children of disabled CPP contributors$244.64$244.64
Children of deceased CPP contributors$244.64$244.64
Death benefit (one-time payment)$2,300.97$2,500.00
Combined benefits
Combined survivor’s and retirement pension (at age 65)$862.50$1,134.17
Combined survivor’s pension and disability benefit$1,073.51$1,335.83

Tax Tips

  • Are you Teacher?  If you were an eligible educator you can claim up to $1,000 of eligible supplies expense.
  • Disability Amount (for self)  If you are eligible for the disability tax credit, you may be able to claim the disability amount. To be eligible, you must have had a severe and prolonged impairment in physical or mental functions during 2017. An impairment is prolonged if it has lasted, or is expected to last, for a continuous period of at least 12 months. You may be able to claim $8,113 if a medical practitioner certifies on Form T2201, Disability Tax Credit Certificate, that you meet certain conditions.
  • Public transit amount You can only claim the cost of monthly public transit passes or passes of longer duration for travel on public transit for the period of January 1, 2017 to June 30, 2017.

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