This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
Is there any sort of tax credit on a Canadian return for a dependent child when the child lives with two parents? Based on what I'm reading, we can not claim the credit on line 305 since we are a married couple... is that correct? If so, is there any other credit I could claim?? This is our first year filing with a child and it looks like there is no credit simply for having a dependent child... which seems really messed up to me (although I suppose it shouldn't be surprising given the exorbitant taxes charged in Canada in general)
There is the CCTB, which is not refunded on your tyax return but is sent as a periodical deposit, and is determined based on your familt income and situation.
Be sure to claim the $1000 from IRS though, by filing a 1040. I assume your child is a US citizen.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
I was using software. My kid is a Canadian citizen and didn't have an ITIN yet, so I left the SSN field empty, which resulted in the software not including the credit.