2011 Federal Budget—Family Caregiver Tax Credit

The federal Budget tabled on June 6, 2011 included no changes to the income tax measures originally announced in the Budget on March 22, 2011.

The new Family Caregiver Tax Credit will provide a 15% non-refundable credit based on an amount of $2,000, beginning in 2012. Caregivers will be able to claim the enhanced amount for an infirm dependant under one of the existing dependency-related credits, including the Spousal or Common-Law Partner Credit, the Child Tax Credit, the Eligible Dependant Credit, the Caregiver Credit, and the Infirm Dependant Credit. The dependant’s income level at which the credit amounts are phased out will be increased to reflect the amount of the Family Caregiver Tax Credit. Only one Family Caregiver Tax Credit will be available for each infirm dependant. The $2,000 amount on which the credit is based will be indexed for 2013 and subsequent years.

 

 

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