The dealership actually pays less than invoice for the cars. While I don't know who actully comes up with the invoice price, it is used as a bottom line for most dealerships. Most dealerships will not sell anything below invoice, and they will tell you it is they're cost.ubmit. Â· just now. Report Abuse. Invoice is the supposied price the dealer purchased the car for and the MSRP is what the automaker said the dealer ship should sell it for. this is why they get tons of people in to the dealer ship when they have thier hunders of dollars over invoice sale.
Child and Dependent Care Credit: The individual being claimed as a dependent must meet the four basic tests, but there is a modification when it comes to the age test. For the child and dependent care credit, the dependent must be under age 13 unless the individual is permanently or totally disabled. Child Tax Credit: A child is your qualifying child for the child tax credit if he or she meets the four basic tests except for the age test: The child must be under age 17 and must be claimed as your dependent.
How Much to Claim. Canadian taxpayers can claim up to $7,000 per child for children under the age of 7 years at the end of the year, and $4,000 per child for children aged 7 to 16 years.For disabled, dependent children of any age who qualify for the disability tax credit, the amount to claim for that child is $10,000.You can claim $4,000 for a disabled child over the age of 16 who does not qualify for the disability tax credit but was still dependent on you and required care.ow Much to Claim. Canadian taxpayers can claim up to $7,000 per child for children under the age of 7 years at the end of the year, and $4,000 per child for children aged 7 to 16 years.