Welcome to Summer!
I’m sure many of you are already pining for September, but it’s time to move past denial.
Summer plans for our ASD kids may include ABA Therapy, swim lessons, day camps and overnight camps.
It may be useful to have a think now about how you are going to use all of the summer receipts.
Firstly, you should consider if you can claim child care expenses on your taxes (refer to the CRA information sheet). Child care expenses are generally the most valuable because they are not claimed as a non-refundable tax credit (at the lowest tax rate), but rather a deduction from income.
For a reminder about Child Care expenses refer to my page Child Care Expenses. In general terms, if both parents are working and the child is eligible for the Disability Tax Credit, you may claim up to $10,000 per year.
Child Care expenses for the summer can include:
- Up to $250 per week for overnight camps (including sports camps)
- Expense paid to a relative (age 18 or over) for child care
- Day Camps
- Sport Camps
- Day Care centers
Moving past child care expenses, you can look at using your receipts for some combination of the following:
- Medical Expenses tax credit
- Reimbursement from the AFU (good luck with that). Remember you can’t pay the service provider and get reimbursement. It must be done using the invoice system.
- Attendant Care expenses
- Fitness Tax Credit
- Childrens Arts Tax Credit
For Gods sake, please don’t spend your summer stewing over tax policy or battling with the AFU. Get outside and enjoy the weather (it’s coming any day now….I hope). Just have a short think about collecting receipts that you will be able to use later.