103.0.2 (1) In this section, “adjusted income” of a taxpayer for a taxation year means the taxpayer’s income for the year, if that income were computed without reference to paragraphs 20 (1) (ww), 60 (v.1) and 60 (w) and section 63 of the Federal Act; (“revenu rajusté”) “eligible child” of a taxpayer for a taxation year has the meaning assigned by subsection 63 (3) of the Federal Act; (“enfant admissible”) “eligible child care expense” of a taxpayer for a taxation year means the total of all amounts, each of which is an amount of the deduction that the taxpayer may claim under subsection 63 (1) or (2.2) of the Federal Act in computing his or her income for the year; (“frais de garde d’enfants admissibles”) “eligible individual” means, for a taxation year, a taxpayer who, (a) was resident in Ontario on the last day of the year, and (b) may claim an amount as a deduction under subsection 63 (1) or (2.2) of the Federal Act in computing his or her income for the year; (“particulier admissible”) “family adjusted income” of a taxpayer for a taxation year means the greatest of all amounts each of which is the total adjusted income of the taxpayer for the year in respect of an eligible child of the taxpayer for the year; (“revenu familial rajusté”) “supporting person” of an eligible child of a taxpayer for a taxation year means a person who, (a) was resident in Ontario on the last day of the year, and (b) is a supporting person of the child for the year within the meaning of subsection 63 (3) of the Federal Act; (“personne assumant les frais d’entretien”) “total adjusted income” of a taxpayer for a taxation year, in respect of an eligible child of the taxpayer for the year, means the total of all amounts each of which is, (a) the adjusted income for the year of the taxpayer, or (b) the adjusted income for the year of a supporting person of the child for the year. (“revenu rajusté total”) 2019, c. 7, Sched. 57, s. 3. Amount of tax credit (2) Subject to subsection (2.1), an individual who is an eligible individual for a taxation year ending after December 31, 2018 may claim an amount in respect of and not exceeding the amount of his or her Ontario childcare access and relief from expenses tax credit determined using the formula, A × B in which, “A” is the applicable rate of the individual for the year determined under subsection (3), and “B” is the amount of the eligible child care expense of the individual for the year. 2019, c. 7, Sched. 57, s. 3; 2021, c. 8, Sched. 10, s. 3 (1). Same, taxation years ending after 2020 and before 2022 (2.1) For a taxation year beginning after December 31, 2020 and ending before January 1, 2022, the amount of an individual’s Ontario childcare access and relief from expenses tax credit shall be determined under subsection (2) as if the formula set out in that subsection read as follows: 1.2 × A × B 2021, c. 8, Sched. 10, s. 3 (2). Applicable rate for the credit (3) For the purposes of the definition of “A” in subsection (2), the applicable rate of an individual for a taxation year is determined in accordance with the following rules: 1. If the family adjusted income of the individual for the year does not exceed $20,000, the applicable rate is 0.75. 2. If the family adjusted income of the individual for the year exceeds $20,000 but does not exceed $40,000, the applicable rate is calculated using the formula, 0.75 – C in which, “C” is 0.02 for each $2,500 or part thereof by which the family adjusted income of the individual for the year exceeds $20,000. 3. If the family adjusted income of the individual for the year exceeds $40,000 but does not exceed $60,000, the applicable rate is calculated using the formula, 0.59 – D in which, “D” is 0.02 for each $5,000 or part thereof by which the family adjusted income of the individual for the year exceeds $40,000. 4. If the family adjusted income of the individual for the year exceeds $60,000, the applicable rate is calculated using the formula, 0.51 – E in which, “E” is 0.02 for each $3,600 or part thereof by which the family adjusted income of the individual for the year exceeds $60,000. 2019, c. 7, Sched. 57, s. 3. Bankruptcy (4) The amount of an individual’s eligible child care expense for a taxation year is deemed to be nil if the individual is a bankrupt at any time in the calendar year containing the taxation year. 2019, c. 7, Sched. 57, s. 3; 2021, c. 40, Sched. 21, s. 9. Section Amendments with date in force (d/m/y) 2019, c. 7, Sched. 57, s. 3 - 01/01/2019 2021, c. 8, Sched. 10, s. 3 (1, 2) - 27/04/2021; 2021, c. 40, Sched. 21, s. 9 - 01/01/2022