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.
If you are caring for your mother or father, you may be able to claim your parent as a dependent on your income taxes. This would allow you to get an exemption ($3,950 for tax year 2014) for him or her.There are five tests to determine whether you can claim a parent as a dependent:1  The person you are claiming as a dependent must be related to you. Your parent must not file a joint return. 2  If your parent is married, he or she must file separately. 3  There is an exception if your parent is filing jointly, but has no tax liability. 4  If your parent files a joint tax return solely to get a refund, you can claim him or her as a dependent.