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ARTICLE

Changes To The Tax Credit For Childcare Expenses

Updated: Jan 4, 2022


To help families with high unsubsidized childcare expenses, the Ministère des Finances has announced changes to the refundable tax credit for childcare expenses.


Increased tax credit rates

The tax credit rate brackets have been adjusted. The rates for 2021 are shown in the table below.


Family income ($)​ More than

Family income ($)​ Not More than

Tax Credit Rate(%)

-

21,000

78

21,000

37,030

75

37,030

38,400

74

38,400

39,780

73

39,780

41,135

72

41,135

42,515

71

42,515

101,490

70

101,490

or more

67

Increased expense limits

Certain childcare expense limits have been increased as of 2021.

  • For a child who is under 7 at the end of the year, the limit has been increased from $9,825 to $10,400.

  • For a child with a severe and prolonged impairment in mental or physical functions, the limit has been increased from $13,445 to $14,230.

Advance payments

Advance payments for 2021 will not be adjusted to reflect the changes. However, the rate and expense limit increases will be taken into account in the 2021 income tax return.

For more information, see information bulletin 2021-8 This link will open a new tab on the Ministère des Finances website. The website also has a tool This link will open a new tab for calculating the net daily cost of your childcare services.


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