2017 Tax Changes for Individuals and Families

2017 Tax Changes - Individuals and families

Scholarships, Fellowships, Bursaries, and Artists’ Project Grants Exemption

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 dependants age 18 or older, and the caregiver amount. It gives tax relief to eligible individuals who have a spouse or common law partner, or a dependant, with an impairment in physical or mental functions.

Your Tuition, Education, and Textbook Amounts

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
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

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
As of July 1, 2017, this amount has been eliminated. However the amounts that were paid by taxpayer up to June 30, 2017 is available, It will be completely eliminated for the 2018 and subsequent years.

Children’s Arts Amount
As of January 1, 2017, thisamount has been eliminated.

Children’s Fitness Tax Credit
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.