Quote:
Originally Posted by dsavillian
I don't remember the exact values, but we pay around 11k in daycare costs and I think my wife has to claim the credits because she's the lower earner. The max she can claim is around 8k IIRC and it counts the same as any other non refundable tax credit (which is 15% I think)
The refund helps, but it's not like we are getting 50% off of our day care costs after our tax refund.
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Thanks. Maybe the solution would be to change how child care costs are deducted thus allowing parents to recoup more of the cost but still retain much of their choice as to where to send their kids. Each Province could set up the deductions as they see fit to suit their purpose. Seems to be simpler than starting a whole new state supported system and the costs that probably go along with it.