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Canada Caregiver Amount


Rjay

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Hi Rjay. Has the dependant's net income changed for year 2020. The caregiver amount can be reduced based on the dependant's net income. Just a possible situation to look at. Here is an excerpt from a CRA guide.

If you are eligible for the Canada caregiver amount for your spouse or common-law partner (see line 30300), or an eligible dependant 18 years of age or older (see line 30400), and their net income is between $7,295 and $24,361, you may be able to claim an amount up to a maximum of $7,276 on line 30425 of your return.Jan. 18, 2021

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-30425-caregiver-spouse-dependant.html

 

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  • 2 months later...
On 2/20/2021 at 6:29 AM, TheTaxSmith said:

Hi Rjay. Has the dependant's net income changed for year 2020. The caregiver amount can be reduced based on the dependant's net income. Just a possible situation to look at. Here is an excerpt from a CRA guide.

If you are eligible for the Canada caregiver amount for your spouse or common-law partner (see line 30300), or an eligible dependant 18 years of age or older (see line 30400), and their net income is between $7,295 and $24,361, you may be able to claim an amount up to a maximum of $7,276 on line 30425 of your return.Jan. 18, 2021

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-30425-caregiver-spouse-dependant.html

 

 

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