Nick and Kelly have an eight year old daughter, Mari. Nick earned employment income of $250,000 and Kelly earns business income of $50,000. They incurred eligible childcare expenses of $7,500. How much childcare can be deducted, and on whose return?

Answer rating: 100% (QA)

the jurisdiction allows a childcare deduction for children up to 12 years old and that the eligible ... View the full answer