Do you live in Québec? Do you have dependants over 18? Are you thinking of caring for a relative in your home?
You may be taking care of an elderly family member or have a dependant with a disability. There are several tax credits that can help you financially when you choose to care for a family member in your home. The availability of those credits can also help you decide if taking care of that family member in your home is right for you situation.
Why are there credits for people who have dependants over 18?
Both the federal and the Québec governments recognize that being cared for by a family member in a home environment can be a wonderful solution for the elderly and the disabled. As well, they wish to lighten the financial burden that such an arrangement represents by providing tax credits.
We offer you a list of some of the credits that may be available to you. Some credits are available only if the dependant is your spouse, others only for a family member, and others are available in both cases. Some credits are refundable, meaning that you will get money even if you have little or no income, while others are not. In all cases, you have to meet certain conditions to be eligible.
What are the amounts available on my federal tax return?.
- Caregiver amount – you can claim the amount on line 315 of your federal return for each dependant.
- Allowable amount of medical expenses for other dependants – you can deduct this amount on line 331 of your federal return.
- Refundable medical expenses supplement – this amount is available if your net income is within a certain range. You can claim it on line 452 of your federal return.
- Unused credits transferred from your spouse – if your spouse has low or no income, he or she can transfer to you credits like the Basic Amount – line 326 of your Federal return.
- Medical expenses – line 330 and 452.
What credits are available on my Québec return?
- Amount for Dependants – if you are eligible, you can claim it on Part A of Schedule A.
- QST credit – included in the Solidarity Tax Credit
- Unused credits transferred from your spouse – if your spouse has low or no income, he or she can transfer to you credits like the Basic Amount, the Age Amount, the Disability Amount, Medical Expenses, etc. The amounts transferred to you are indicated on line 431 of your Québec return.
- Tax credit for caregivers – if you are eligible, you can claim it on line 462 of your Québec return.
- Tax credit for respite of caregivers – you may claim it on line 462 of your Québec return
- Property tax refund – in certain cases, you may be entitled to that refund. You would claim it in Schedule B.
- Medical expenses – depending on your situation, you may be able to claim expenses for medical services not available in your area (line 378), the tax credit for medical expenses (line 381) or the refundable tax credit for medical expenses (line 462).