Child Care Expenses Limit Increase: As Canada Revenue Agency’s (CRA) enhancements are coming into effect, starting 2015 the limit for child care deductions has been increased by an additional $1,000 per child which totals to $8,000 claimable child care expenses. The requirements for claiming this deduction have not changed and all criteria must be met as per CRA. The benefit of this increase will allow a reduction in taxpayers’ net income.

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