In shared custody, the eligible dependent credit can be claimed by only one parent each tax year. Parents need to decide or follow a legal agreement on who claims the credit each year to comply [...]
The eligible dependent tax credit is a non-refundable tax credit offered by the CRA to help reduce the tax burden of Canadians who support a dependent, such as a child, especially following separation or divorce. [...]
If both parents claim a child as a dependent in Canada, it can lead to an audit by the CRA, and the duplicate claim might be denied. Parents are advised to coordinate their claims to [...]
The parent who claims a child on taxes in Canada is typically the one with whom the child lives for the majority of the year. In shared custody arrangements, parents may agree or be ordered [...]
Yes, each parent may claim a different child on their taxes in Canada if they have more than one child, provided that each child qualifies as an eligible dependent under the CRA guidelines. This arrangement [...]
In Canada, when parents have 50/50 custody, only one parent can claim the child as an eligible dependent on their taxes each year. The parents may decide between themselves who will claim the credit each [...]
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