Tax Return- Childcare
Jan 28th 2013 | 10:08 am
#1
Thread Starter
Citizenship Nov 10 2016!!
Joined: Feb 2008
Posts: 6,661
From: Stewiacke Nova Scotia
Tax Return- Childcare
Hi
I think I have seen this somewhere, but cannot find it, am I correct in thinking that the childcare provider does not have to be formally registered as such, i.e they can be a provider from their own home etc, and providing they give you a receipt for the total paid in the year that this can be submitted as part of your annual return?
If the provider received income in total which was below their annual limit then there will not be any impact on filing of their taxes?
Thank you
I think I have seen this somewhere, but cannot find it, am I correct in thinking that the childcare provider does not have to be formally registered as such, i.e they can be a provider from their own home etc, and providing they give you a receipt for the total paid in the year that this can be submitted as part of your annual return?
If the provider received income in total which was below their annual limit then there will not be any impact on filing of their taxes?
Thank you
Jan 28th 2013 | 10:27 am
#2
Binned by Muderators
Joined: Jul 2007
Posts: 11,708
From: White Rock BC
Re: Tax Return- Childcare
The reciept needs to show the name and address of the provider, the name of the parent and name of the child, a descrition of the services provided, the dates the services were provided (from and to) and the amount paid. If the provider is an individual rather than a registered business then the receipt must also show the provider's SIN.
An individual provider cannot be a relative.
You can claim up to $7,000 per child. $7,000 is below the personal amount so if was the total of the provider's income they would have no tax to pay. They would have CPP to pay, but this might be offset by the working income tax benefit.
An individual provider cannot be a relative.
You can claim up to $7,000 per child. $7,000 is below the personal amount so if was the total of the provider's income they would have no tax to pay. They would have CPP to pay, but this might be offset by the working income tax benefit.
Jan 28th 2013 | 10:37 am
#3
Thread Starter
Citizenship Nov 10 2016!!
Joined: Feb 2008
Posts: 6,661
From: Stewiacke Nova Scotia
Re: Tax Return- Childcare
The reciept needs to show the name and address of the provider, the name of the parent and name of the child, a descrition of the services provided, the dates the services were provided (from and to) and the amount paid. If the provider is an individual rather than a registered business then the receipt must also show the provider's SIN.
An individual provider cannot be a relative.
You can claim up to $7,000 per child. $7,000 is below the personal amount so if was the total of the provider's income they would have no tax to pay. They would have CPP to pay, but this might be offset by the working income tax benefit.
An individual provider cannot be a relative.
You can claim up to $7,000 per child. $7,000 is below the personal amount so if was the total of the provider's income they would have no tax to pay. They would have CPP to pay, but this might be offset by the working income tax benefit.
