Foster Parent Income Tax

Insert from page 54 of the Foster Family Handbook:

“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 https://bcfosterparents.ca/foster-caregiving/fostering-practice-and-policies/#:~:text=The%20income%20tax%20exemption%20applies%20to%20an%20amount%20received%20by,federal%2C%20provincial%20or%20territorial%20law.