Chpt 4 Tax Credits

Question 0

What line is the basic personal amount found on?

Answer 0

Line 300 of T1 general

Question 1

What is the basic personal amount you can claim for 2012?

Answer 1

10,822

Question 2

What is the definition of a spouse

Answer 2

Someone you are married to

Question 4

What is the definition of a common law

Answer 4

Living In a conjugal relationship and also one if the following applies

1. living with you for 12 consecutive months (ecluding a 90 day period)
2. is a parent of your child by birth or adoption(the day you move in you are considered c/l)
3. Has custody and control of your child and your child is wholly dependant on that person (you do not work and they are supporting you and your child)

Question 5

What do you need to provide when claiming the sopuce amount

Answer 5

you need your spouse or c/l’s, SIN, First name, net icnome (even if zero)

Question 6

what is the amount you can claim for th espouse amount?

Answer 6

10,822 less their net income

Question 7

where do you enter spousal amount

Answer 7

line 303 schedule 5

Question 8

what are all the requriements that must be met in order claim an eligible dependant

Answer 8

you must meet all requirements at some point in the year
1. not married or not c/l or married or c/l and separated and not being supported by the other person
(chris and lisa separated for 45 days, lisa supported rachael during the separation. lisa can claim eligible dependnat for rachael for the period of separation even though it was less than 90 days)
2. You supported a dependant in 2012 (wholly dependant)
3. lived with the dependant (in most cases in Canada, not visiting) in a home you maintained

Question 9

Who can you claim the eligible dependent for

Answer 9

Parent or grandparent (by blood or marriage )
Child, grandchild, brother or sister (by blood or marriage or c/l or adoption)
Must be younger than 18 or have a physical or mental impairment

Question 10

What are the imitations for claiming an eligible dependant ? Cannot be claimed by an individual

Answer 10

1. For more than one person
2. If the dependants net income exceeds 10,822
3. If already claims g the spousal amount
4. Must be single or Lu ing separately from their spouse
5. If someone else is making the claim fir the same person
6. If child support is being paid, only the recipient can claim them

Question 11

What is the maximum amount you can claim for an eligible dependant?

Answer 11

10,822

Question 12

What line etc is the eligible dependant amount on?

Answer 12

Line 305 of schedule 5

Question 13

What are the requirements to claim children born 1995 or later?

Answer 13

1. Only one parent can claim the amount for all children living with them under 18
   - doesn’t affect any other claim made for this child

Question 14

For children born 1985 or later what do you do if they were born, died or adoption

Answer 14

Can claim them in that year

Question 15

What is the rate for children born 1985 or later?

Answer 15

2,191 / child if not claiming the family caregiver amount

Question 16

What us the rate if you claim children 1995 or later and the family caregiver amount?

Answer 16

4,191/ child that they are claiming both for

Question 17

What lube is the children burn 1985 or later?

Answer 17

Line 367

Question 18

What us the definition if an infirmed dependant?

Answer 18

The person is dependant on the individual for a considerable period if time. Temporary illness does not count

Question 19

How many people can claim the infirmed dependant 18 or older?

Answer 19

It can be split between two people as long as the amounts do not exceed 6,402

Question 20

What if you have more than one infirmed dependant over 18?

Answer 20

You can claim them if they live with you

Question 21

What are the requirements for infirmed dependant over 18?

Answer 21

1. 18 or older at end if year
2. Mentally it physically infirmed
3. Dies not live with you
4. Child or parent of taxpayer it spouse
5. Grandchild, grandparent, brother, sister, aunt, uncle, neice, nephew or if Spouse
   - must have a written letter say nature, when began, duration

Question 22

Can you claim the infirmed dependant for a spouse or c/l?

Answer 22

No

Question 23

What is the amount you can claim for infirmed dependant

Answer 23

12,822. Less the dependants net income to a maximum of 6,402 ????

Question 24

What line and schedule is the infirmed dependant found on?

Answer 24

Line 306 schedule 5

Question 25

What it the definition of the family caregiver amount?

Answer 25

Not a standalone credit Included with the calculation of certain already existing dependency credits

Question 26

What are the other credits that can be calculated with the family caregiver amount?

Answer 26

1. Spouse it c/l
2. Eligible dependant amount
3. Children born 1995 or later
4. Infirmed dependants 18 or older amount
5. Caregiver amount

Question 27

What are the requirements in order to claim the family caregiver amount?

Answer 27

1. Dependant must be 18 or older
2. 18 or under the impairment must require more care than the normal for their age
3. Can be claimed for each dependant
   - must have a letter from dr

Question 28

If you have more than one infirmed dependant can you claim the family caregiver amount

Answer 28

If you claim one of the other 5 credits then you can only claim thus credit for one infirmed dependant

Question 29

What is the amount for the family caregiver

Answer 29

2,000

Question 30

What line is the family caregiver amount on?

Answer 30

Line 306

Question 31

What is the definition / requirement for the caregiver amount

Answer 31

Maintain a self contained domestic establishment in which they lived with the dependant relative who is
1. 18 or older
2. Ordinarily lives with you
3. Dependant on you due to mental or physical infirmity
Or
Is 65 or older and is a parent or grandparent (or if spouse)
5. Resident of Canada at some time in the past year (except child/ grandchild)

Question 32

If you make child support payments can you claim the family caregiver amount for that child?

Answer 32

No

Question 33

Can the caregiver amount be split between two people?

Answer 33

Yes but for no more than the maximum

Question 34

If anyone is claiming the eligible dependant amount for this dependant who can claim the caregiver amount

Answer 34

Only the person claiming the eligible dependant amount

The amount is reduced by the amount for an eligible dependant claimed

Question 35

What is the for each dependant

Answer 35

4,402 for each dependant

Or 6,402 if eligible for family caregiver amount