WHEREAS the 2017 Federal Budget proposes to combine the Caregiver Credit, the Infirm Dependent Credit and the Family Caregiver Tax Credit into a single new Canada Caregiver Credit that will be effective for the 2017 taxation year, and
WHEREAS this new credit will start to be reduced when the dependant’s net income is above $16,163 in 2017 with a phase-out range up to $23,046, and
WHEREAS caring for a dependent may affect employment income, and
WHEREAS this credit will provide more tax relief to caregivers with higher incomes, and less tax relief to caregivers with lower incomes,
THEREFORE BE IT RESOLVED THAT the National Pensioners Federation urge the Federal Government to make the new combined Caregiver Tax Credit refundable.
Submitted by COUNCIL OF SENIOR CITIZENS ORGANIZATIONS of B C