Workplace Child Care Tax Incentive
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% 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.
