Federal individual tax credits for 2025

Tax credit amounts on which individual non-refundable federal tax credits for 2025 are based, and the actual tax credit claimable, will be as follows:
Credit Amount | Tax Credit |
$16,129.00 | $2,419.00 |
$16,129.00 | $2,419.00 |
$16,129.00 | $2,419.00 |
$45,522.00 | |
$1,471.00 | $221.00 |
$10,138.00 | $1,521.00 |
$19,580.00 | $2,937.00 |
$2,834.00 |
*For taxpayers having net income for the year of more than $253,414, amounts claimable for the basic personal amount, the spousal amount, and the eligible dependant amount for 2025 may differ.
The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.