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Showing posts with label tax deductions. Show all posts
Showing posts with label tax deductions. Show all posts

Thursday, January 20, 2011

Childcare tax question

How much you can deduct for childcare expenses? If you paying $x per month, how much do you get back on your taxes? Which spouse should claim the deductions? 

http://www.cra-arc.gc.ca/E/pbg/tf/t778/t778-10e.pdf

an excellent 4 pages in detail on the topic. if you have child care expenses every year like I do, you may want to educate yourself. it is just a quick 15 min reading but very informative knowledge.

have fun.