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Parents could be missing out on thousands of dollars in tax refunds — here's how to claim it

from Global News

Many Canadian parents are missing out on claiming some child-care-related expenses at tax time and it could potentially result in thousands of unclaimed dollars. According to a recent survey by TurboTax, only seven per cent of Canadians plan to take advantage of child-care-related tax credits and deductions. Without claiming these expenses, parents with children under the age of seven could be losing up to $8,000, while parents of kids under 16 could be missing out on up to $5,000. more

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