12  /

Notes, continued

(21) Amounts paid for tuition and mandatory ancillary fees in respect of the calendar year are 

eligible for federal and provincial tax credits. 

       Students may also claim for federal purposes a monthly amount in respect of the cost of 

textbooks, which is added to the monthly education amount. The monthly textbook credit 

amount is $65 for full-time students and $20 for part-time students.

       The federal pension and education and textbook credit amounts are not indexed. The same 

is true for all provinces, with the exception of Alberta and Ontario.

       The tuition, education and textbook credits are transferable to a spouse or common-law 

partner, parent or grandparent. The maximum amount transferable is $5,000 (indexed in 

some provinces) less the excess of the student’s net income over the basic personal credit 

amount. Any amounts not transferred may be carried forward indefinitely by the student.

       Interest paid on student loans is also eligible for both a federal and provincial tax credit. The 

tax credit must be claimed by the student, and can be carried forward for five years.

(22) Charitable donations made by both spouses/partners may be totalled and claimed by 

either person. The maximum amount of donations that may be claimed in a year is 75% 

of net income. However, all donations may be carried forward for five years if they are not 

claimed in the year made. 

The 2013 federal budget introduced a new temporary charitable donor’s super credit to 

supplement the existing donation tax credit.  A first-time donor would be entitled to a one-

time 40% federal credit for money donations of $200 or less, and a 54% federal credit for 

donations between $200 and $1000.  An individual would be considered a first-time donor 

if neither the individual nor the individual’s spouse or common-law partner had claimed the 

charitable donations tax credit or first-time donor’s super credit in any taxation year after 

2007.

New Brunswick’s tax credit rate for donations over $200 is 17.95% but the legislation has 

not yet been amended to reflect this rate.

Federal and Provincial Non-Refundable Tax Credit Rates and 

Amounts for 2013

© 2013 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms

affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Current as of September 30, 2013