Filing tax returns after parents' immigration


Jump to Page:
< Previous  [ 1 ]    Next >




captainbeam   
Member since: Aug 09
Posts: 102
Location:

Post ID: #PID Posted on: 28-02-18 18:58:03

hello all,

my parents became permanent residents under family class in 2017.
they live with me.
my question is when I file my taxes for 2017 (in March/April of this year), do I have to show or claim anything?

there is a section in Turbo Tax where it asks who all live in the same residence address - should I declare that they live here?
does that entitle me to any tax credits or deductions?

I know i am not eligible for the new caregiver credit since neither of them is infirm, but is there any other deduction or credit I can claim?

thank you in advance for any advice.



Full House   
Member since: Oct 12
Posts: 2677
Location:

Post ID: #PID Posted on: 01-03-18 02:04:09



I was getting ready to file and prepare for the Income Tax Return, just like you and was exploring all of the Tax softwares on the market. Here are a few extracts on two of them and what they say about the point that you have raised here.

It is Interesting.

Read it for yourself and find out how you can avail the same in your tax return.

FH.
https://turbotax.intuit.ca/tips/who-are-considered-dependants-5145

https://www.hrblock.ca/one-commonly-missed-tax-credits-can-claim/


---

Quote:
Originally posted by captainbeam

hello all,

my parents became permanent residents under family class in 2017.
they live with me.
my question is when I file my taxes for 2017 (in March/April of this year), do I have to show or claim anything?

there is a section in Turbo Tax where it asks who all live in the same residence address - should I declare that they live here?
does that entitle me to any tax credits or deductions?

I know i am not eligible for the new caregiver credit since neither of them is infirm, but is there any other deduction or credit I can claim?

thank you in advance for any advice.





captainbeam   
Member since: Aug 09
Posts: 102
Location:

Post ID: #PID Posted on: 01-03-18 11:31:17

thanks FH.
however I am even more confused now...according to these articles, I should be able to claim the caregiver amount for my parents, based on the following statement in the Turbo Tax article:

To qualify for the Caregiver Amount, the dependant must:
- be 18 years or older
- have had a net income of less than $20,607 in 2016
- be dependent on you because of a physical or mental impairment, or is your or your spouse’s parent or grandparent, born prior to 1951


based on the statement in bold, I should get the Caregiver amount.

however, it seems this credit was dissolved in 2017 and is now replaced with the CCA.
here is a link to the new CCA:

https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2017-building-a-strong-middle-class/consolidation-caregiver-credits.html

according to question 5, I won't get the caregiver amount.

but neither the Turbo Tax nor the H&R block articles reflect this.

am I mixing up all these credits and interpreting this wrong?

any ideas?



Full House   
Member since: Oct 12
Posts: 2677
Location:

Post ID: #PID Posted on: 01-03-18 12:29:17


Canada Revenue Agency has their own web link with an explanation and I want to point this out to you that they are the FINAL Authority in its determination and its finality. So. always head to their publications to see EXACTLY what they say. That way we get the decision Right from the Horse's Mouth.

Hope this link will set the record straight.

FH.

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

In short when they started to allow the re-unification of the FAMILIES, they provided all of the Universal Benefits to the extended family. BUT, there is always a BUTT.... They left the burden of support to themselves and did not permit any additional deductions in supporting them. That is where the employing them as child support worker was suggested in some of the tax software. That is my two bits. fh
--

Quote:
Originally posted by captainbeam

thanks FH.
however I am even more confused now...according to these articles, I should be able to claim the caregiver amount for my parents, based on the following statement in the Turbo Tax article:

To qualify for the Caregiver Amount, the dependant must:
- be 18 years or older
- have had a net income of less than $20,607 in 2016
- be dependent on you because of a physical or mental impairment, or is your or your spouse’s parent or grandparent, born prior to 1951


based on the statement in bold, I should get the Caregiver amount.

however, it seems this credit was dissolved in 2017 and is now replaced with the CCA.
here is a link to the new CCA:

https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/budget-2017-building-a-strong-middle-class/consolidation-caregiver-credits.html

according to question 5, I won't get the caregiver amount.

but neither the Turbo Tax nor the H&R block articles reflect this.

am I mixing up all these credits and interpreting this wrong?

any ideas?







Jump to Page: < Previous  [ 1 ]    Next >

Discussions similar to: Filing tax returns after parents' immigration

Topic Forum Views Replies
Sponsored parents from canada, but now I am in USA.
Family Class 1169 0
Canada goes US way, drags feet on immigration files
News and Events 1264 3
IMM 0008 Application Form
Ask Immigration Expert 2410 3
Sponsoring my kid. Which Option i should select?
Family Class 1566 0
Live-in-Caregiver
Ask Immigration Expert 1687 4
LIVE-IN CAREGIVER EMPLOYERS WANTED
Wanted 1460 1
Visitor visa for parents whose family file has already placed
Family Class 1554 0
Tax issue for new migrant
Accounting and Taxation 1439 1
Qualification requirement
Ask Immigration Expert 1127 0
how to get live and care visa for calgary alberta
Ask Immigration Expert 1535 0
Parents with zero income in 2007
Accounting and Taxation 1823 5
need advice about filing returns and sponsorship
Accounting and Taxation 1940 3
Home Renovation Tax Credit (HRTC)
Financial Planning 1641 1
Filing income taxes online without credit card
Accounting and Taxation 1251 2
Sponsoring Parents
Family Class 1523 5
Claiming Baby Sitter expense
Accounting and Taxation 1454 1
Did anyone use Studio tax 2009 free
Accounting and Taxation 1918 2
Filing tax returns from India
Accounting and Taxation 1094 1
Newcomer tax and GST Credit as i did not fill RC151 before tax filing
Ask Immigration Expert 3001 0
Doubt about tax and GST Credit as i did not fill RC151 before tax filing ( 1 2 )
Accounting and Taxation 7415 7
live out nanny - benefits questions
General 1419 2
Any Canadians working in Uae know about taxes for non residents ?
Financial Planning 1941 1
OCI - Requirement of Landing Papers
Citizenship 4260 3
Parents Sponsorship - Eligibility
Moving Soon 1679 2
Filing tax returns after parents' immigration
Accounting and Taxation 4624 3
 


Share:
















Advertise Contact Us Privacy Policy and Terms of Usage FAQ
Canadian Desi
© 2001 Marg eSolutions


Site designed, developed and maintained by Marg eSolutions Inc.