Did You Know
That you can pay your 18 year old, or over, child to baby sit your children under 18? The payments are eligible child care expenses and are deductible on your tax return. Ensure the baby sitting fees are included on your child's tax return as income.
Careful planning with a Chartered Professional Accountant is warranted. Contact Keith Anderson, BCom, CPA, CA-IT, CITP at (780) 447-5830 if you need advice.