At Tax4Nanny we are here to service all of your nanny tax needs.
In Canada, it is a legal requirement to file specific tax when employing a caregiver. The caregiver is also required to pay and file taxes. However, below we will outline how a caregiver is also given various tax advantages and tax credits. For tax purposes, a caregiver can literally be defined as anyone that provides care to a person, animal or home for a fee. Generally the caregiver definition applies to a nanny more than anyone else but there are many others that qualify for the definition in Canada for tax purposes.
Any resident of Canada who employs a caregiver must file and pay the required taxes. The caregiver must also file a tax return. However, a caregiver is also entitled to specific tax benefits as outlined by Service Canada (http://www.servicecanada.gc.ca/eng/lifeevents/caregiver.shtml). The caregiver tax rules state that one can claim the caregiver amount tax credit when you lived with a dependant who was one of the following:
A person defined as a "caregiver" in Canada has the following advantages and options:
Tax4Nanny covers the caregiver tax filing process from beginning to end. We prepare and file the employer's taxes and we prepare and file the caregiver's taxes. Our objective is to provide a full service throughout the tax filing process.
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Hiring a nannay tax service is stress free for everyone involved.