Frustrated_DAD
New member
If both claim the Child on Income Tax Return then they will both be asked to return any benefits they receieved. Only one can apply.
I know where both parties did apply their child on both income tax returns for 3 yrs and then Revenue Canada noticed. Now she is paying back $7000.
Her ex only makes $11000/yr so it does not affect his Return but he will not let her use it for spite.
It needs to be marked in the agreement that one gets to claim their child on Income Tax Returns or they alternate years.
Also in a 50/50 split the lowest income gets the monthly Child Tax Credits.
I know where both parties did apply their child on both income tax returns for 3 yrs and then Revenue Canada noticed. Now she is paying back $7000.
Her ex only makes $11000/yr so it does not affect his Return but he will not let her use it for spite.
It needs to be marked in the agreement that one gets to claim their child on Income Tax Returns or they alternate years.
Also in a 50/50 split the lowest income gets the monthly Child Tax Credits.