Post by xiaohongmao
yes, there's some level of tax planning can be done.
1st, child care expenses is a deduction, which can only be claimed by the person who has lower income. of course, there are situations where the deduction can be claimed by the higher income, but i don't think you fit the profile.
2nd, you have to prepare a T4 for your parents, so that your parents can file their tax returns.
3rd, $9000 margin is recommanded, becasue your parents whoever's claiming the income will not have to pay tax.