Can international students in Canada bring along their Spouse and Kids?

Tax question! im married and live in quebec canada.?

  • 1 spouse declairs a total of $50,000 and the other $156,000 on income taxe return. Only the spouse with the bigger amount claims the 2 children 17 and 20 yaers old and both full time students.What is the aprox. dollard figure saved by the higher earner by claiming the 2 kids?

  • Answer:

    From a federal perspective (Quebec may have different provincial income tax rules than Ontario), I'm assuming that you are not talking about actually claiming the children as dependants, since you are married and would only be able to claim each other as dependants, and you both make too much for that anyway. If the children do not require the deductions themselves to reduce their taxes owing to nil, they can transfer the tuition amounts to either of you, up to a maximum of $750. The amounts MUST be applied to reduce the student's own taxes first, even if the parent pays for the tuition.

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only single parents can claim children as dependants. if either of them have tuition slips then they must first use the ammounts on their tax returns and then they can transfer unused portions to either parent. if one of the parents owes, then the tuition credits should go to that parent. your best bety is go to H&R Block. they will figure that out for you and they will help you if any tax problems should arise year round.

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