Children and Taxes...

The apple of your eye could earn you an important tax deduction. In order to qualify for the deduction, you paid another person to look after your child to earn income from your business or employment or attend school. The child must live with you in order to claim the expenses and the child must be under 16 unless the child has an impairment in physical or mental function.

Eligible expenses (as per CRA’s website):

- caregivers providing child care services
- day nursery schools and daycare centres
- educational institutions, for the part of the fees that relate to child care services
- day camps and day sports schools where the primary goal of the camp is to care for children (an institution offering a sports study program is not a sports school)
- boarding schools, overnight sports schools, or camps where lodging is involved  

Have more questions? Do not hesitate to contact us!