Even if you have signed as an owner-builder on the building permit: 1  you and a builder, contractor or tradesperson must enter into a written contract for domestic building work costing more than $5,000.
1 The parent who the child spends the most time with may claim the dependent. 2  If the child spends equal time between both parents, then the parent with the highest adjusted gross income may claim the dependent. 3  If only one of the taxpayers is the childâs parent, that parent may claim the dependent.
Your Relationship. The person who you want to claim as a dependent must be a relative. Relatives who may qualify but do not have to live with you include: a mother, father, grandparent, stepmother, stepfather, mother-in-law, and father-in-law. The Elder's Income. Your loved one's gross income for the tax year must be less than $4,050.