Shaelene’s Tax Tip of the Week – November 10th

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)!

We’ve got you covered!

Shaelene’s Tax Tip of the Week – March 24th

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!

Shaelene’s Tax Tip of the Week – August 12th

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 info@booksinline.ca!