Get The Ins And Outs Of The Child And Dependent Care Credit

Yes, you may claim the child tax credit (CTC)/additional child tax credit (ACTC) or credit for other dependents (ODC) as well as the child and dependent care credit on your return, if you qualify for those credits.

What you'll get. If you qualify, you may only claim expenses up to: $3,000 for 1 person. $6,000 for 2 or more people.

Taxpayers with dependents who don't qualify for the Child Tax Credit may be able to claim the Credit for Other Dependents. They can claim this credit in addition to the Child and Dependent Care Credit and the Earned Income Credit.

How Much of Your Child Care Expenses Can You Claim? Canadian taxpayers can claim up to $8,000 per child for children under the age of 7 years at the end of the year. $5,000 per child for children aged 7 to 16 years.

To claim the credit, you (and your spouse, if you're married) must have income earned from a job and you must have paid for the care so that you could work or look for work. You can claim from 20% to 35% of your care expenses up to a maximum of $3,000 for one person, or $6,000 for two or more people (tax year 2023).

You can receive the Universal Child Care Benefit (UCCB) if you have a child or children under the age of eighteen. This benefit is designed to help Canadian families, as they try to balance work and family life, by supporting their child care choices with direct financial support.

You can claim from 20% to 35% of your care expenses up to a maximum of $3,000 for one person, or $6,000 for two or more people (tax year 2023).

For 2022, the credit for child and dependent care expenses is nonrefundable and you may claim the credit on qualifying employment-related expenses of up to $3,000 if you had one qualifying person, or $6,000 if you had two or more qualifying persons.