If you’ve recently adopted, or know anyone who has, this Canadian tax advice is for you, courtesy of Intuit (think: QuickTax)
Here was the original reader-submitted question:
Q – Is there an adoption expenses tax credit? We adopted in 2009 and have paid various expenses to an adoption agency, are any of them tax deductible? Our adoption will be finalized in 2010.
And the answer, supplied by Caroline on the tax analyst team at Intuit. (Hi, Caroline!) Read More…
You don’t save much but there is indeed a section for the claim. I have two adopted children and its helped even if it isn’t much.
There are also quartley payments offered by a few private non-profit institutions that help adopting parents living on lower levels of income. If i remember i will post them when i get back home.