Dependent Care Spending Account Limit 2024 Canada

Dependent Care Spending Account Limit 2024 Canada

Dependent Care Spending Account Limit 2024 Canada. This publication explains the tests you must meet to claim the credit for child and dependent care expenses. It lets you set aside pretax dollars to pay for certain child and adult care services โ€”.


Dependent Care Spending Account Limit 2024 Canada

You can claim from 20% to 35% of your care expenses up to a maximum of $3,000 for one person, or $6,000 for two or more people (tax year 2023). In 2024, the maximum contribution remains $5,000 for single filers.

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