Workplace Child Care Tax Incentive


Notice to the reader: The Workplace Child Care Tax Incentive ceased to be in effect as of January 1, 2005. This incentive is not available for expenditures incurred after December 31, 2004.

The Workplace Child Care Tax Incentive (WCCTI) is available to businesses (other than those that provide child-care services) that incur qualifying expenditures to create additional licensed child-care facilities or to improve existing facilities in Ontario. This includes contributions to unrelated licensed child-care operators to create additional or improve existing facilities.

The Benefit

For a corporation, WCCTI is an additional 30 per cent deduction for qualifying expenditures for the taxation year. A business's qualifying expenditures for a taxation year are expenditures incurred after May 5, 1998 and before January 1, 2005.

How to Apply

The WCCTI is a deduction in calculating Ontario taxable income. The amount of the WCCTI is claimed on Line 666 of the tax return.

Page: 195  |