Child care expenses deduction limits increased in 2015

The child care expense deduction (CCED) allows child care expenses to be deducted from income when those expenses are incurred to earn employment or business income, pursue eduction or perform research.

Currently, the maximum you are allowed to claim is $7,000 per child under age 7, $4,000 for each child aged 7 through 16 (and for infirm dependent children over age 16), and $10,000 for children who are elgible for the disability tax credit, regardless of their age. (click here for more details)

The Government is proposing to increase the dollar limits of the CCED by $1,000:

  • to $8,000 from $7,000 per child under age 7
  • to $5,000 from $4,000 for each child aged 7 through 16 (and for infirm dependend children over age 16), and
  • to $11,00 from $10,000 for children who are elgible for the disability tax credit.

Therese changes is effective the the 2015 and subsequent taxation years.

News - November 14, 2014

Universal Child Care Benefit changed in 2015

Family tax cut tax credit

Children's Fitness Tax Credit (CFTC) changes

 

Additional information