The eligible dependent credit must be claimed by one parent per tax year in shared custody arrangements When parents share custody of a child, the eligible dependent credit cannot be split or shared between both [...]

A non-refundable tax credit for Canadians supporting eligible dependents, worth up to $14,398 (2023) The eligible dependent tax credit helps reduce the tax burden for Canadian taxpayers who are financially supporting qualifying dependents. This valuable [...]

Only one parent can legally claim a child as a dependent per tax year in Canada When both parents attempt to claim the same child as a dependent, the Canada Revenue Agency (CRA) will flag [...]

The primary caregiver who lives with the child most of the year typically claims them as a dependent for tax purposes. In Canada, determining which parent can claim a child on their taxes depends on [...]

Yes, separated parents can each claim a different eligible child as a dependent for tax purposes in Canada. Under Canada Revenue Agency (CRA) guidelines, separated or divorced parents with multiple children can divide dependent claims, [...]

With 50/50 custody, parents must coordinate eligible dependent claims, with only one parent claiming per tax year In Canada, claiming a child as an eligible dependent with shared custody requires careful coordination between parents. The [...]