childcare costs

Shared Custody of a Child: The “Equal or Near Equal” Issue

Certain tax benefits, such as the Canada child benefit, the GST/HST rebate, and the recently implemented federal carbon tax incentive (where applicable) are normally paid entirely to the parent with whom the child primarily resides. Where the child resides with the parents on an equal or near equal basis, each parent is entitled to half of the credits/benefits which would be available if the child resided primarily with them. Do you know what your entitlement is?

Childcare Costs

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If there are recreation or education components to your childcare costs, then you may be able to claim the full amount on your tax return.