2021 FEDERAL TAX INFORMATION INDIVIDUALS: TAX BRACKETS Taxable Income Up to $49,020 In excess of $49,020 In excess of $98,040 In excess of $151,978 > $216,511 TAX CREDITS Tax 15% $7,353 plus 20.5% on the next $49,020 $17,402 plus 26% on the next $53,938 $31,426 plus 29% on the next $64,533 $50,141 plus 33% on the remainder BASIC CREDIT = $13,808 x 15% = $2,071 SPOUSE/SPOUSAL EQUIVALENT (ELIGIBLE DEPENDENT) =15% x ($13,808 minus spouse/eligible dependent's net income) =$2,071 MAX Base amount increased by $2,295 (to $16,103) if the spouse/eligible dependent is mentally or physically infirm. CANADA CAREGIVER FOR CHILD