CHANGES FOR THE 2018 PERSONAL TAX YEAR

PERSONAL TAX CHANGES IN 2018

Some of the tax changes for the 2018 tax season include old tax credits that are now eliminated and some new/improved tax credits.

ELIMINATED TAX CREDITS

Education and Textbook Amounts: The Federal education and textbook credits have been eliminated. Carry-overs from previous years can still be used or carried forward.

Children’s Credits: There are no more credits for children’s arts and fitness programs.

Public Transit Tax Credit: You can claim your monthly bus/subway passes up until June 30, 2017. Any passes after this date are not eligible for this tax credit since it has been scrapped as well.

NEW AND IMPROVED TAX CREDITS

Canada Caregiver Amount: The tax credits available to anyone who cares for an infirm family member (i.e. The Family Caregiver Amount, The

Caregiver Amount, and The Amount for Infirm Dependants aged 18 or older) have now been combined into one tax credit – The Canada Caregiver Amount.

Medical Expenses Tax Credit: Individuals who have fertility-related medical expenses may now be able to claim some of these costs on their tax return.

Disability Tax Credit: Nurse practitioners are now on the list of medical professionals who can certify individuals with disabilities for the Disability Tax Credit.