Foster Parent Income Tax
Insert from page 54 of the Foster Family Handbook on 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 http://bcfosterparents.ca/foster-parent-info/fostering-practice/income-tax-information/
