Adding together all the costs an employee pays to work, you get $11,391.57 a year (commuting) + $3,141.60 (extra rent to live ...

The expense must be specifically incurred to allow the parent to work (or go to school) as opposed to hiring a babysitter for a night on the town. That being said, a judge in a 2007 tax case involving ...

For the 2016 tax year, Ms. MacIntosh claimed child-care expenses incurred for her son. The Canada Revenue Agency reassessed her return and denied her the child-care expense deduction, saying that ...

With summer winding down and a new school year on the horizon, it’s a good time for clients to assess their projected child care costs and how they will factor into this year’s return. Unlike some ...

To understand this fully, take a look your tax return from last year. The child-care expense used as a deduction is found on line 21400 after being calculated on form T778. Net income is at line ...

For 2014, the maximum you can deduct is the least of three amounts: (1) the total amount spent on child care expenses, (2) two-thirds of the lower-income taxpayer's earned income, and (3) the ...

Enhancements of the Universal Child Care Benefit (UCCB), which goes to all families with children of a certain age, and the Child Care Expense Deduction (CCED) will together drive up Ottawa’s ...

According to the government, CARE "is one of the most flexible child care tax credits ever introduced" in Ontario because it can be applied to all forms of child care — whether provided by ...

The PBO also estimates the changes to the universal child care benefit and the child care expense deduction will cost the government $7.7 billion in 2015-16 -- up from $3.3 billion in 2013-14.

Many Canadian parents are missing out on claiming some child-care-related expenses at tax time and it could potentially result in thousands of unclaimed dollars. According to a recent survey by ...

A new report by Canada's parliamentary budget officer shows more than half of the money Ottawa intends to put toward child care this year will go to families with little or no child-care expenses.