Did you know? You can use childcare expenses to lower your taxable income. ?
Examples of childcare expenses include daycares, summer camps, overnight boarding schools and in-home providers like nannies. The government allows you to claim up to $8,000 for kids under age 7 and up to $5,000 for children aged 7 to 16.
Have questions? Give us a call at 905-571-2665 (BOOK)!
| Have childcare expenses? You can claim amounts paid to daycare centres, caregivers, day camps, and boarding schools. The amount you can claim is up to 2/3 of your earned income or the actual amount you paid for childcare – whichever is lower. The maximum claim per year is $8,000 per child under 7, and $5,000 per other eligible child. Have questions? Give us a call at 905-571-2665 (BOOK)! |
| We’ve got you covered! |
| Did you know?If you have childcare expenses – caregivers (nannies, babysitters), nursery schools, educational institutions that provide childcare services, day camps and sports with a primary goal of childcare, and boarding schools – you can claim them. For more information on the amounts you can claim, click here! |
| Have questions? Send us an email at [email protected]! |
