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Non-Refundable Tax Credit Blocks – 2000
In 2000, British Columbia non-refundable credits are calculated by multiplying the base amount by the lowest tax rate (8.4%).
Credit |
Base Amount |
Subject to Indexing |
Personal Credits |
|
|
Basic Personal Amount
|
$7,231 |
yes |
Spousal
Reduced when spousal income exceeds
|
$6,140
$614 |
yes |
Eligible Dependant
Reduced when dependant income exceeds
|
$6,140
$614 |
yes |
Infirm Dependant Credit
Reduced when dependant income exceeds
|
$2,386
$11,661 |
yes |
In-home care of relative
Reduced when relative's income exceeds
|
$2,386
$4,845 |
yes |
Age (65 or older by end of taxation year)
Reduced when income exceeds |
$3,531
$26,284 |
yes |
Pension Credit |
$1,000 |
no |
Charitable and other gifts
Lowest tax rate on first $200; highest tax rate on excess
|
Actual |
no |
Medical Expense Credit
Reduced by lesser of $1,637 or 3% of net income
|
Actual |
yes |
Credit for Mental or Physical Impairment |
$4,293 |
yes |
Credit for Mental or Physical Impairment
for child under 18
Reduced by attendant care and child care expenses in excess of $2,000 claimed in respect of the impaired child |
$2,941
$2,000 |
yes |
Tuition Credit |
Actual |
no |
Education
Full-time student
Part-time student |
$200/month
$60/month
|
no |
Student Loan Interest |
Actual |
no |
EI and CPP Credit |
Actual |
no |
An individual's unused tuition and education tax credits at the end of the 1999 tax year is deemed to equal the unused tuition and education tax credits at the end of 1999 under the federal Income Tax Act as if 8.4% had been used in calculating the amount instead of the appropriate percentage used under the federal Act.
If an individual* is unable to use the age, pension, disability, tuition and education credits, these credits may be transferred to the taxpayer's spouse or common-law partner.
The disability tax credit may be transferred to a supporting person if the individual does not require the credit to reduce his/her British Columbia Income Tax to nil.
An individual* may also transfer tuition and education credits to a parent or grandparent if:
- no spousal transfers are made in a tax year
- the parent or grandparent is the only individual designated to receive a tuition-education transfer under the Income Tax Act
- no other individual has been designated to receive a tuition-education transfer under the federal Income Tax Act or under a similar provincial taxing statute
*Special Rules apply to the calculation of these amounts if the individual transferring the credits does not reside in British Columbia.
For the 2000 tax year only, each individual who was resident in British Columbia on the last day of the tax year may claim a Supplementary Credit. An additional credit may be claimed if the individual has claimed a spousal or equivalent-to-spouse credit. Please see the Supplementary Credit page for more information.
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