Making a donation to charity is a great thing – and it will make you feel good about yourself while helping others. Charitable organizations will often incentivize you to make a donation by reminding you of that tax break you’ll get. But is that always the case?
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Canada Revenue Agency, Personal Tax, Tax
5 Things to Know About Claiming Child Care Expenses this Tax Season
If you pay for your child to go to daycare, or for a nanny to look after them while you go to work or school, you may be able to claim child care expenses on your personal income tax return. The deduction is available to children up to the age of 16, and each child must meet CRA’s definition of an “eligible child”. Here are five things to know about claiming child care expenses this tax season: