Insert from page 54 of the Foster Family Handbook on our MCFD Publications page:
“In general, money you receive for being a foster parent that is used for the care of the child placed in your foster home is not taxable. However, the rules can be interpreted in a variety of ways, and you should consult with the BCFFPA/FAFP and Revenue Canada for the most recent information on this topic.”
- For more detailed Foster Parent Income Tax information please visit BC Foster Parents’ Association webpage on Fostering Practice & Policies.
