Investment tax credit (ITC) for childcare spaces

If you create new childcare spaces for children of your employees and the surrounding community, you may be able to claim a non-refundable tax credit. This credit is equal to 25% of eligible expenditures incurred, to a maximum of $10,000 per space created. The credit is not available for any of the ongoing or operating expenses of the childcare facility, such as supplies, wages, salaries, utilities, etc.

Unused credits may be carried back three years and forward up to 20 years. All or part of the credit may be recaptured if, at any time within the five calendar years after the creation of the new childcare space, it ceases to be available or is sold or leased to another person or converted to another use.