Effective with your 2014 and subsequent tax years there has been an increase from $500 to $1,000 in the maximum amount of eligible fees per child you can claim.<\/p>\n\n\n\n
Update \u2013 Effective with the 2016 return, this credit has been reduced to $500 per child. It is eliminated entirely for your 2017 returns<\/strong><\/p>\n\n\n\n In addition, a proposal has been announced that would take effect with your 2015 tax return that this credit is changed to a refundable tax credit from a non-refundable tax credit. This proposal is still subject to Royal Assent. A non-refundable tax credit benefits you only to the point where you owe no tax. A refundable tax credit is paid back to you even if it results in a tax refund.<\/p>\n","protected":false},"excerpt":{"rendered":" Effective with your 2014 and subsequent tax years there has been an increase from $500 to $1,000 in the maximum amount of eligible fees per child you can claim. Update \u2013 Effective with the 2016 return, this credit has been reduced to $500 per child. It is eliminated entirely for your 2017 returns In addition, …<\/p>\n