The province says it is taking a bite out of some child care expenses come tax time.
MPP Jill Dunlop was joined by Education Minister Stephen Lecce and Minister of Finance Rod Phillips to draw attention to the Ontario Childcare Access and Relief from Expenses (CARE) tax credit. Eligible parents could receive up to 75 per cent of childcare expenses, including care in centres, homes and camps. The CARE tax credit was laid out in the recent provincial budget.
“Currently, families in my riding of Simcoe North who are in need of child care may have few affordable options beyond subsidized day care centres, which may have a long wait list,” said Minister Dunlop. “Our government recognizes that need and I’m glad they have this tax credit to provide relief on eligible child care expenses.”
Thank you @Sflecce and @RodPhillips01 for visiting the @YMCASM today in #SimcoeNorth to remind parents that our CARE tax credit is one of the most flexible child care initiatives ever introduced in Ontario! #onpoli pic.twitter.com/k5SukClW34— Jill Dunlop, MPP (@JillDunlop1) August 28, 2019
“This tax credit will help parents with costs and allow them to choose from a broad range of child care options, such as services provided by people in their own homes to those available through schools or places of worship. It will keep parents at the centre of the child care decision-making process,” said Minister Phillips.
Families can claim the CARE tax credit, in addition to the existing CCED credit, starting with the 2019 tax year. Families with an income of up to $150,000 can apply.