My child was 3 years old in 2022. I rushed to submit my tax and I had reviewed my tax with one of the Turbo tax expert. However, I read on CRA website the there is a cap or limit. I’m confused and concerned
Hi Jen,
Yes, there is a limit on claiming daycare expenses. The maximum child care expenses that can be claimed per child each year is limited to $5,000, $8,000 or $11,000 depending on the circumstances. To learn more about your eligibility, please visit: https://www.canada.ca/en/revenue-agency/services/tax/technical-information/income-tax/income-tax-folios-index/series-1-individuals/folio-3-family-unit-issues/income-tax-folio-s1-f3-c1-child-care-expense-deduction.html
Best of luck!