Tax Guide | March 7, 2022
Now more than ever, it’s critical that Canadians receive the benefits they are entitled to. As you prepare to file your 2021 taxes, please take some time to review the Tax Guide I sent out, which outlines programs that may offer some relief to you and your family.
Over the next week, I will post a few of the supports and savings you could receive when completing your taxes.
Child Care Expense Deductions: You can claim payments you have made to someone who has looked after your child while you either earned an income from employment, operated a business alone or as an active partner, attended school, or conducted research.
The previous Conservative government increased the dollar limits that parents can claim up to $8,000 per child who is under the age of seven, $5,000 for each child aged 7 to 16 (and for infirm children over the age of 16), and $11,000 for any children who are eligible for the Disability Tax Credit.
Canada Caregiver Credit: You can claim $2,295 under the Canada Caregiver Credit if you support a spouse, a common-law partner, or a dependent with a physical or mental impairment. If you are eligible for the Canada Caregiver Credit and the person you are supporting has a net income of between $7,368 and $24,604, you may be able to claim an additional amount up to a maximum of $7,348.