Child Tax Credit Calculator 2017 Ontario

The 2017 Ontario Child Tax Credit was a government program designed to provide financial assistance to families with children. This calculator helps you determine your eligibility and the amount of credit you may qualify for based on your family's income and the number of eligible children.

How the 2017 Ontario Child Tax Credit Works

The Ontario Child Tax Credit was introduced to help families with the costs of raising children. The program provided a tax credit that reduced the amount of income tax owed by eligible families. The credit was non-refundable, meaning it could only reduce the tax owed to zero, not provide a refund for amounts paid in excess of the tax owed.

The 2017 Ontario Child Tax Credit was part of the federal and provincial government's efforts to support families. It was designed to be means-tested, meaning the amount of credit available depended on the family's income.

The credit was available to families with children under the age of 18, including adopted children and children in foster care. The amount of the credit varied based on the family's income and the number of eligible children.

Eligibility Requirements

To qualify for the 2017 Ontario Child Tax Credit, you must meet certain eligibility criteria:

You must be a resident of Ontario for the tax year.
You must have at least one eligible child.
Your family income must be below a certain threshold.
You must file an Ontario income tax return.

The income thresholds for the 2017 tax year were as follows:

Number of Eligible Children	Income Threshold
1	$45,247
2	$54,247
3	$63,247
4 or more	$72,247

If your family income is below the threshold for the number of eligible children you have, you may qualify for the Ontario Child Tax Credit.

How to Calculate Your Credit

The amount of the Ontario Child Tax Credit is calculated based on your family's income and the number of eligible children. The credit is calculated using the following formula:

Child Tax Credit = (Maximum Credit Amount - (Income - Basic Personal Amount) × Credit Rate) × Number of Eligible Children

The maximum credit amount and credit rate for the 2017 tax year were as follows:

Income Level	Maximum Credit Amount	Credit Rate
Below $45,247	$1,000	15%
$45,247 to $54,247	$1,000	15%
$54,247 to $63,247	$1,000	15%
$63,247 to $72,247	$1,000	15%

The Basic Personal Amount for the 2017 tax year was $11,474.

Worked Examples

Let's look at a couple of examples to illustrate how the Ontario Child Tax Credit was calculated for the 2017 tax year.

Example 1: Single Parent with One Child

A single parent with one child has a family income of $40,000. What is the amount of the Ontario Child Tax Credit they qualify for?

Child Tax Credit = (1,000 - (40,000 - 11,474) × 0.15) × 1 Child Tax Credit = (1,000 - (28,526 × 0.15)) × 1 Child Tax Credit = (1,000 - 4,278.90) × 1 Child Tax Credit = 572.10

This family qualifies for an Ontario Child Tax Credit of $572.10.

Example 2: Two Parents with Two Children

A couple with two children has a family income of $60,000. What is the amount of the Ontario Child Tax Credit they qualify for?

Child Tax Credit = (1,000 - (60,000 - 11,474) × 0.15) × 2 Child Tax Credit = (1,000 - (48,526 × 0.15)) × 2 Child Tax Credit = (1,000 - 7,278.90) × 2 Child Tax Credit = 272.20 × 2 Child Tax Credit = 544.40

This family qualifies for an Ontario Child Tax Credit of $544.40.

Frequently Asked Questions

Who is eligible for the Ontario Child Tax Credit?

Eligible families must be residents of Ontario, have at least one eligible child, and have a family income below the specified thresholds. The credit is non-refundable and can only reduce the tax owed to zero.

How is the Ontario Child Tax Credit calculated?

The credit is calculated using a formula that takes into account the family's income, the number of eligible children, and the applicable credit rate. The maximum credit amount is reduced based on the family's income above the Basic Personal Amount.

What is the income threshold for the Ontario Child Tax Credit?

The income thresholds for the 2017 tax year were $45,247 for one child, $54,247 for two children, $63,247 for three children, and $72,247 for four or more children.

Is the Ontario Child Tax Credit refundable?

No, the Ontario Child Tax Credit is non-refundable. It can only reduce the amount of income tax owed, not provide a refund for amounts paid in excess of the tax owed.

How do I claim the Ontario Child Tax Credit?

To claim the Ontario Child Tax Credit, you must file an Ontario income tax return and report the credit on the appropriate line. The credit will be applied to reduce the amount of income tax owed.