Are child care expenses tax-deductible?
When you calculate your personal income tax the amount of money paid for child care while you are at work is deductible from your income. Get receipts from your babysitter and save them as Canada Revenue Agency may ask you for them later. Currently, deductions are available for children under the age of seven years. Children with disabilities may also qualify for a disability amount. Also, for any other children who were under 16 at any time in the year you apply, there is a reduced deduction. For specific information on the amount of each deduction, contact the Canada Revenue Agency. How can I avoid problems? You will avoid many problems by following these steps: • Take great care in choosing your babysitter. Look for a responsible person who will treat your children with care and respect. Carefully check references and hold interviews to help you choose the right person to care for your children. • Clearly instruct your babysitter on your wishes and any special needs your children ma
