T778 2022-2024 Form

Instructions and help about gst rebate form

hi there Peter Russell from super taxi a welcome to another one of my video blogs today's video blog topic is going to be on childcare expense deductions here in Canada a basic and general understanding now what is it and where is it well let's start with where it is first the deduction can be found on line to 1/4 of your t1 General Canadian income tax return specifically it is added at a deduction from total income to derive net income for tax purposes for an individual now what is it now suppose you and a spouse have a child in which you've incurred some child care expenses we're then most likely eligible to claim line 214 deduction on your tax return subject to some limitations now what are those limitations well suppose you have a child and a child is age 6 or younger then the maximum deduction for that child a given year is $7,000 suppose your child is between the ages of 7 and 16 then that chels maximum deduction limit is only $4,000 now suppose you have a child which is also eli