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Moving Expenses Deduction
May 17, 2013![](https://syccpa.com/wp-content/uploads/2013/07/job-costing-1174922_1920_pixabay.jpg)
The Benefits of Job Costing
July 23, 2013For individuals considering adoption or currently involved in the adoption process CRA offers an Adoption Tax Credit.
Adoption period:
- begins at the earlier of :
- the time the eligible child’s adoption file is opened with a provincial or territorial ministry responsible for adoption (or an adoption agency licensed by a provincial or territorial government); and
- the time, if any, that an application related to the adoption is made to a Canadian court; and
- ends at the later of :
- the time an adoption order is issued by, or recognized by, a government in Canada in respect to the child; and
- the time that the child first begins to reside permanently with you
Eligible adoption expenses are:
- fees paid to an adoption agency licensed by a provincial or territorial government
- court costs and legal and administrative expenses related to an adoption order in respect of the child
- reasonable and necessary travel and living expenses of the child and the adoptive parents
- document translation fees
- mandatory fees paid to a foreign institution
- mandatory expenses paid in respect of the immigration of the child
- any other reasonable expenses related to the adoption that are required by a provincial or territorial government or adoption agency
Completing your tax return:
- the maximum claim per child is $11,128 – the two adoptive parents can split eligible expenses as long as the total combinedclaim is not more than the amount before the split
- parents can claim these incurred expenses in the tax year including the end of the adoption period in respect of the child
- you must reduce your eligible expenses for any reimbursements or other forms of assistance you received.
- keep all your documents in case CRA asks to see them