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age credit [1 record]
Record 1 - internal organization data 2005-08-19
Record 1, English
Record 1, Subject field(s)
- Taxation
Record 1, Main entry term, English
- age credit
1, record 1, English, age%20credit
correct
Record 1, Abbreviations, English
Record 1, Synonyms, English
Record 1, Textual support, English
Record number: 1, Textual support number: 1 DEF
A special tax credit available to Canadians aged 65 and over. 2, record 1, English, - age%20credit
Record number: 1, Textual support number: 1 OBS
This credit, which is equal to 17 per cent of the "age amount" (currently $3,482), translates into a maximum federal tax reduction of about $610 a year. In most provinces, the credit also reduces provincial taxes, resulting in a maximum combined federal-provincial tax reduction of about $950. The credit is transferable to a spouse, so a taxable senior who has a qualifying spouse with little or no income may claim a second age credit. The age credit is subject to an income test that targets the assistance to seniors with low or modest incomes. 2, record 1, English, - age%20credit
Record 1, Key term(s)
- old age tax credit
Record 1, French
Record 1, Domaine(s)
- Fiscalité
Record 1, Main entry term, French
- crédit en raison de l'âge
1, record 1, French, cr%C3%A9dit%20en%20raison%20de%20l%27%C3%A2ge
correct, masculine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 DEF
Crédit d'impôt spécial offert aux Canadiennes et Canadiens âgés de 65 ans et plus. 2, record 1, French, - cr%C3%A9dit%20en%20raison%20de%20l%27%C3%A2ge
Record number: 1, Textual support number: 1 OBS
Ce crédit, qui est égal à 17 p. 100 du «montant en raison de l'âge» (actuellement 3 482 $), se traduit par une diminution maximale d'impôt fédéral d'environ 610 $ par an. Dans la plupart des provinces, le crédit diminue également les impôts provinciaux, ce qui donne une réduction combinée maximale d'impôt fédéral et provincial d'environ 950 $. Le crédit est transférable au conjoint, de sorte qu'une personne âgée imposable qui a un conjoint admissible dont le revenu est nul ou faible peut demander un second crédit en raison de l'âge. Celui-ci est assujetti à un critère de revenu de sorte que l'aide bénéficie aux personnes âgées dont le revenu est faible ou modique. 2, record 1, French, - cr%C3%A9dit%20en%20raison%20de%20l%27%C3%A2ge
Record 1, Spanish
Record 1, Textual support, Spanish
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