RUMOR: The 14th Amendment guarantees citizenship to children born to parents illegally in the U.S. Critics argue that automatic birthright citizenship could be changed by revoking the statute. Others say it would require a constitutional amendment because they believe the 14th Amendment requires birthright citizenship.
Answer: Each child can only be claimed as a dependent by one parent (except when married couples file taxes jointly). Typically, in the case of divorced, separated, or never married parents, it is the custodial parent who is legally able to claim a child as a dependent for tax purposes.
In Ontario, a parent who has at least one child under 18 can claim the credit, which amounts to $1,579.05 off federal tax payable, and a further $390.36 off Ontario tax payable, for a total tax savings of $1,969.41.or working parents, claiming child-care expenses on tax returns âgives the most bang for the buck,â Toronto chartered accountant Laura Couvrette says. For children six and under, $7,000 per child per year is the maximum a parent can claim, while the claim for kids aged seven to 16 is $4,000 total.