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Tax return changes for 2015 in Canada

Tax rules change every year and 2015 tax year is no exception. We have consolidated all the tax changes by province for your easy consumption. Review the federal change and the province specific changes applicable to you. If you have any questions, you can Contact Us with subject 'new tax changes'.

Federal Alberta British Columbia Manitoba New Brunswick Newfoundland and Labrador Nova Scotia Ontario Saskatchewan Prince Edward Island

Federal tax changes in 2015

Auto-fill my return

Starting 2015 tax year, you can download all your tax slips from CRA and automatically fill in parts of your tax return with the information the CRA has available at the time of your request. To use this secure service, you must be signed up and registered with CRA's My Account. This option is available once you sign in and start filing online.

Interest paid on your student loans (S1 - line 319)

Interest paid on a Canada Apprentice Loan amount for registered Red Seal apprentices can be claimed on this line.

Children amount (S1 - line 366)

The amount for children under 18 years of age has been eliminated and replaced by the enhanced universal child care benefit.

Family caregiver amount for children under 18 years of age (S1 - line 367)

Line 367 is now used for the family caregiver amount for children under 18 years of age.

Family Tax Cut (S1 - line 423)

The calculation for the family tax cut has been revised to allow unused tuition, education, and textbook amounts transferred from a spouse or common-law partner.

Child care expenses (T1 - line 214)

The maximum limit per child has increased by $1,000.

Other deductions(T1 - line 232)

The minimum amount that must be withdrawn each year from a registered retirement income fund (RRIF), variable benefit money purchase registered pension plan (RPP), and pooled registered pension plan (PRPP) has been reduced. If you have withdrawn more than the reduced 2015 minimum amount, all or part of the excess may be eligible to be re-contributed to a RRIF, RPP, account under a PRPP, or to buy a qualifying annuity and deducted on line 232.

Capital gains deduction (T1 - line 254)

The lifetime capital gains exemption for dispositions of qualified farm or fishing property made after April 20, 2015 has increased to $1,000,000, resulting in a capital gains deduction limit of $500,000.

Investment tax credit (S1 - line 412)

Eligibility for the mineral exploration tax credit has been extended to flow-through share agreements entered into before April 2016.

Overseas employment tax credit (S1 - line 426)

Overseas employment tax credit will be phased out from 2015 to 2016. The percentage of qualifying foreign employment income (QFEI) and the maximum QFEI used in the calculation of the OETC has been reduced to 20% of QFEI to a maximum QFEI of $20,000 for 2015.

Children's fitness tax credit (T1 - Line 458/459)

The children's fitness tax credit is now a refundable tax credit.

Alberta tax changes in 2015

Change in provincial non-refundable tax credit

Provincial non-refundable tax credits have been increased resulting in more income tax savings and a bigger tax refund for you. Here is the summary of changes:

  • Basic personal amount increased to 18,214 ;
  • Maximum age amount increased to 5,076 ;
  • Spouse amount increased to 18,214 ;
  • Amount for an eligible dependent increased to 18,214;
  • Maximum caregiver amount for dependent increased to 10,543 ;
  • Maximum amount for infirm dependent increased to 10,544 ;
  • Maximum disability amount increased to 14,050 ;
  • Maximum adoption amount for eligible child increased to 12,457 ;

New income tax rates for income over $125,000

Four new tax rates have been added for income over $125,000:

  • Tax rate will be 10.5% for income between $125,000 and $150,000;
  • Tax rate will be 10.75% for income between $150,000 and $200,000;
  • Tax rate will be 11.0% for income between $200,000 and $300,000;
  • Tax rate will be 11.25% for income greater than $300,000 ;

British Columbia tax changes in 2015

Change in provincial non-refundable tax credit

Provincial non-refundable tax credits have been increased resulting in more tax savings for you. Here is the summary of changes:

  • Basic personal amount increase to 9,938 ;
  • Maximum age amount increased to 4,457 ;
  • Maximum spouse amount is now 8,509 ;
  • Maximum amount for an eligible dependent is now 8,509 ;
  • Maximum caregiver amount for dependent increased to 4,349 ;
  • Maximum amount for infirm dependent increased to 4,348 ;
  • Maximum disability amount increased to 7,454 ;
  • Maximum adoption amount for eligible child increased to 15,255 ;

Children's fitness equipment - new non-refundable credit

The children's fitness equipment amount is equal to 50% of the British Columbia children's fitness amount and is claimed on line 5842.

Education coaching amount - new non-refundable credit

The education coaching amount of $500 is available to teachers or teaching assistants who carry out eligible coaching activities in the year and is claimed on line 5843.

Extension of tax credits

The British Columbia mining flow-through share tax credit and the British Columbia employee venture capital tax credit have been extended until the end of 2015.

The training tax credit for individuals and employers has been extended until the end of 2017.

Manitoba tax changes in 2015

New tax credit and changes

  • Volunteer firefighters' amount and Search and rescue volunteers' amount - You can claim an amount of $3,000 on one of these credits depending on what you have claimed on federal schedule 1
  • The maximum primary caregiver tax credit amount has increased from $1,275 to $1,400.
  • Starting January 1, 2015, the eligible investment period for the Manitoba community enterprise development tax credit was extended to the first 60 days after the end of the calendar year.

New Brunswick tax changes in 2015

Change in provincial non-refundable tax credit

Provincial non-refundable tax credits have been increased resulting in more tax savings for you. Here is the summary of changes:

  • Basic personal amount increased to 9,633 ;
  • Maximum age amount increased to 4,704 ;
  • Maximum spouse amount increased to 8,180;
  • Maximum amount for an eligible dependent increased to 8,180 ;
  • Maximum caregiver amount for dependent increased to 4,550 ;
  • Maximum amount for infirm dependent increased to 4,549 ;
  • Maximum disability amount increased to 7,799 ;

Change in provincial tax rate

Two new personal income tax rates have been added:

  • Tax rate will be 21% for income between $150,000 and $250,000;
  • Tax rate will be 25.75% for income above $250,000 ;

New Brunswick seniors' home renovation tax credit

The New Brunswick seniors' home renovation tax credit has been introduced to help with eligible amounts paid or incurred for permanent home renovations or alterations that improve accessibility or help a senior be more functional or mobile at home. The credit can be claimed by seniors, whether they own their home or rent, and by individuals who share a home with a senior relative. New Schedule NB(S12) is used to calculate this credit.

Change in dividend tax credit rate

The rate used to calculate the dividend tax credit for other than eligible dividends has changed from 5.3% to 4%.

Newfoundland and Labrador tax changes in 2015

Expiry of tax credit

The labour-sponsored venture capital tax credit has expired.

Change in provincial tax rate

Two new personal income tax rates have been added:

  • Tax rate will be 13.8% for income between $125,000 and $175,000;
  • Tax rate will be 14.3% for income above $175,000 ;

Change in provincial non-refundable tax credit

Provincial non-refundable tax credits have been increased resulting in more tax savings and bigger tax refund you. Here is the summary of changes:

  • Basic personal amount increased to $8,767 ;
  • Maximum age amount increased to $5,596 ;
  • Maximum spouse amount increased to $7,164 ;
  • Maximum amount for an eligible dependent increased to $7,164 ;
  • Maximum caregiver amount for dependent increased to $2,783 ;
  • Maximum amount for infirm dependent increased to $2,784 ;
  • Maximum disability amount increased to $5,915 ;
  • Maximum adoption amount for eligible child increased to $11,831 ;

Nova Scotia tax changes in 2015

Elimination of sport and recreational expenses for children tax credit

The sport and recreational expenses for children tax credit has been eliminated.

Change in dividend tax credit rate

The rate used to calculate the dividend tax credit for other than eligible dividends has changed from 5.87% to 4%.

Ontario tax changes in 2015

Change in provincial non-refundable tax credit

Provincial non-refundable tax credits have been increased resulting in more tax savings for you. Here is the summary of changes:

  • Basic personal amount increased to $9,863 ;
  • Maximum age amount increased to $4,815 ;
  • Maximum spouse amount increased to $8,375 ;
  • Maximum amount for an eligible dependent increased to $8,375 ;
  • Maximum caregiver amount for dependent increased to $4,648 ;
  • Maximum amount for infirm dependent increased to $4,649 ;
  • Maximum disability amount increased to $7,968 ;
  • Maximum adoption amount for eligible child increased to $12,033 ;

Saskatchewan tax changes in 2015

Change in graduate retention program

Starting with the 2015 tax year, the Saskatchewan graduate tuition tax credit is now entirely non-refundable and must be used to reduce your Saskatchewan income tax payable. Any unused credit can now be carried forward for nine years after the year of graduation.

Change in active families benefit

The active families benefit is now available only when your adjusted family income is not more than $60,000.

Change in provincial non-refundable tax credit

Provincial non-refundable tax credits have been increased resulting in more tax savings and a bigger tax refund for you. Here is the summary of changes:

  • Basic personal amount increased to $15,639 ;
  • Maximum age amount increased to $4,764 ;
  • Maximum spouse amount increased to $15,639 ;
  • Maximum amount for an eligible dependent increased to $15,639 ;
  • Maximum caregiver amount for dependent increased to $9,214 ;
  • Maximum amount for infirm dependent increased to $9,214 ;
  • Maximum disability amount increased to $9,214 ;

Prince Edward Island tax changes in 2015

New low income age reduction amount for seniors

There is a new low-income age reduction amount of $250 for seniors aged 65 or older as well as a new low-income age reduction amount of $250 for your spouse or common-law partner who is 65 years of age or older.