If you are claiming child care expenses on your tax return and you are an Ontario resident, then you will go to the "Deductions" tab - "Child Care Expenses" to edit or enter the information required to claim this credit.
For more information on the "Ontario Child Care Tax Credit", please review this link.
I am a CPA and have used Turbo Tax to keep my family taxes off my firms server. Our family income exceeds $150K and I was surprised that the program gave us the full credit. I had to over ride the credit to nil. Very disappointed in the program as this is a basic test and we should not have to check to confirm we qualify for this type of subsidy.
Hello - is the family income mentioned is total income of family or the net income(after deductions)
Your net income is used to calculate federal and provincial or territorial non-refundable tax credits.
The CRA also uses your net income, and your spouse's or common-law partner's net income if you are married or living common-law, to calculate amounts such as the Canada child benefit, GST/HST credit, social benefits repayment, and certain other credits.
Thank you for choosing TurboTax.
hello,
My family net income is less than 150k. I added Childcare expenses in the deductions tab.
I could see the childcare expense deductions on the Federal "Child and disability supports deductions".
But, I don't see any deductions or credits on the Provincial Tax summary .
Ontario childcare access and relief from expenses (CARE) tax credit --> this doesnot show any amount .
Is this a bug on the TurboTax ?? Let me know if I should resubmit the returns to claim this credit ??