For purposes of calculating child care expense deduction, your earned income consists of:
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- Employment income including salary, wages, tips, gratuities, and taxable benefits such as amount an employees’ profit sharing benefits, stock option benefits, and taxable disability benefits.
- Self-employment income
- Research grants and the taxable portions of scholarships, bursaries or prizes
- Exempt income of volunteer firefighters, ambulance technicians and other emergency personnel
- CPP/QPP disability benefits
- Government payments under a plan to encourage employment