19 June 2022 16:22

Ontario HST rebate: How does it work for a single parent with joint custody?

Which parent claims child on taxes Canada?

Which parent claims a child on taxes? You must be single to claim a child for the eligible dependent tax credit. If you are separated, normally the spouse with whom the dependent lives is eligible to claim the dependent. If you made support payments for a child, you cannot claim the child as a dependent.

How does the child tax credit work with 50 50 custody?

Only one person — whoever lives with the child for more than half the year in 2021 — can claim the Child Tax Credit (CTC) and get advance payments. The CTC cannot be split or shared, even if you have joint custody of your child. You will get half of the credit through advance payments.

Can you claim a child 50/50 on taxes?

When parents share parenting time equally (50/50), one of the two parents must have at least one more overnight than the other because there are an odd number of days in a year (365). In most cases, one parent will have 183 overnights and the other will have 182 overnights.