New for 2018

Senior assistance tax credit

If you were 70 or over on December 31, 2018, you may be entitled to the senior assistance tax credit. The maximum tax credit is $400 if you had a spouse on December 31, 2018, or $200 if you did not. You can receive it even if you do not claim it in your income tax return.

See point 35 in the instructions for line 462.

Automatic payment of certain tax credits

You no longer have to claim the solidarity tax credit (basic amount and spouse's portion of the QST component), the work premium or the tax shield. However, to make sure that you receive the full amount you are entitled to, you should complete Schedule D or P.

Home buyers' tax credit

If you bought a qualifying home in 2018, you may be entitled to the home buyers' tax credit.

See the instructions for line 396.

RénoVert tax credit

The period of eligibility for the RénoVert tax credit has been extended to March 31, 2019. For more information about this tax credit, see point 32 in the instructions for line 462.

Tax credit for experienced workers

The age of eligibility for the tax credit for experienced workers has been lowered from 63 to 61, and the maximum eligible work income on which the credit is calculated has been increased from $8,000 to $11,000 for workers 65 or over. The maximum tax credit is $1,650.

See the instructions for line 391.

Tax credit for childcare expenses

The limits on certain expenses have been increased. The limit on childcare expenses for a child with a severe and prolonged impairment of mental or physical functions has been increased from $11,000 to $13,000, while the limit for a child born after December 31, 2011, has been increased from $9,000 to $9,500.

See the instructions for line 455.

Tax credit for a labour-sponsored fund

The rate of the tax credit for a labour-sponsored fund has been maintained at 20% for eligible shares in Fondaction (le Fonds de développement de la Confédération des syndicats nationaux pour la coopération et l'emploi) acquired after May 31, 2018, but before June 1, 2021.

Dividends from taxable Canadian corporations

Gross-up percentage

On January 1, 2018, the gross-up percentage for ordinary dividends went from 17% to 16%. See the instructions for line 128.

Rate of the dividend tax credit

On January 1, 2018, the rate of the dividend tax credit applicable to the actual amount of ordinary dividends went from 8.2485% (the rate for 2017) to:

  • 8.178%, for the period from January 1 to March 27, 2018; and
  • 7.2848%, for the period from March 28 to December 31, 2018.

The rate of the tax credit applicable to the actual amount of eligible dividends went from 16.422% to 16.3668% for the period from March 28 to December 31, 2018.

See the instructions for line 415.

Tax credits for Capital régional et coopératif Desjardins shares

Tax credit for the acquisition of Capital régional et coopératif Desjardins shares

The rate of the tax credit for the acquisition of Capital régional et coopératif Desjardins shares has been reduced from 40% to 35% for shares acquired after February 28, 2018.

Tax credit for the exchange of Capital régional et coopératif Desjardins shares

For 2018, 2019 and 2020, you can claim a non-refundable tax credit equal to 10% of the value of exchanged Capital régional et coopératif Desjardins shares. For more information on this tax credit, see the instructions for line 422.

Amount for a person living alone

Beginning in 2018, grandparents and great-grandparents living with their grandchildren or great-grandchildren who are full-time students aged 18 or older are eligible for the amount for a person living alone.

See the instructions for line 361.

Independent living tax credit for seniors

The ineligible portion of expenses paid to acquire eligible equipment or fixtures has been reduced from $500 to $250. In addition, alert systems for the hearing-impaired, hearing aids, non-motorized wheelchairs and other equipment and fixtures are now eligible.

See point 24 in the instructions for line 462.

Tax credit for caregivers

Changes have been made to the tax credit for caregivers.

Beginning in 2018, the tax credit is open to a fourth type of caregiver—those who support an eligible relative whom they regularly and continuously assist in carrying out a basic activity of daily living.

See point 2 in the instructions for line 462.

Volunteer respite services

The minimum number of hours of service you must provide to a caregiver has been reduced from 400 to 200.

See point 20 in the instructions for line 462.

Tax credit for a large cultural donation

The eligibility period for the tax credit for a large cultural donation has been extended to 2023. You can therefore claim the credit if you made such a donation in 2018 and meet the requirements.

See the instructions for line 395.

Tax credit for taxi drivers or taxi owners

Taxi drivers

For 2018, the maximum tax credit for taxi drivers has been increased from $1,069 to $1,074. (In 2017, it rose from $569 to $1,069.)

See point 3 in the instructions for line 462.

Tax credit for an on-the-job training period

Changes have been made to the tax credit for an on-the-job training period.

The rate of the tax credit has been increased for training periods in resource regions begun after March 27, 2018.

See point 7 in the instructions for line 462.

Tightened income splitting rules

Under new rules that came into effect in 2018, the special tax on split income now applies to individuals 18 or older and to other types of income.

You can deduct split income on line 295.

Québec prescription drug insurance plan

On July 1, 2018, the contribution rates for the Québec prescription drug insurance plan were decreased. Consequently, the maximum premium has been reduced from $667 to $616. However, the maximum premium payable for 2018 is $641.50.

You do not have to pay a premium if any of the following situations apply to you:

  • You did not have a spouse on December 31, 2018, and the amount on line 275 of your return is $16,120 or less.
  • You had a spouse on December 31, 2018, and the amount on line 275 of your return plus the amount on line 275 of your spouse's return totals $26,120 or less.
  • You were born before January 1, 1953, and all your medications were free throughout 2018 because you received 94% or more of the Guaranteed Income Supplement (calculated without the top-up benefit).

Beginning April 1, 2018, months for which you or your spouse received payments under the Aim for Employment Program will not be taken into account when calculating the Québec prescription drug insurance premium.

Full indexation of the tax system

A number of other amounts have been increased, including the following:

  • the deduction for workers (line 201);
  • the basic personal amount (line 350);
  • the income threshold at which certain tax credits are reduced;
  • the amount for a person living alone (line 20 of Schedule B);
  • the age amount (line 22 of Schedule B); and
  • the basic exemption for calculating the contribution to the health services fund (Schedule F).

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