T1
426 Other schedules and information
How do I indicate in the program that the individual is regarded as a dependent senior for purposes of the calculation of the tax credit for home-support for seniors?Select "Yes" under the DependentSeniors keyword and provide other required information. However, if the taxpayer's dwelling type for the year is one of the following options under the Home-Support keyword:
the DependentSeniors keyword is not available within the Home-Support keyword group and should be. As a workaround, open a second Home-Support keyword group with the following information:
LivedSame-Place: Leave blank DependentSeniors: Yes DateDepSenior: Leave blank Resid-RentMonth: Fixed month rent Months-Rent: Rent per month 0.00 Note that if this information is not entered in the taxpayer’s file, the limit on the amount of eligible expenses will be $15,600, for a maximum tax credit of $4,680 per year (30% of $15,600), whereas for a dependent senior, the limit on the amount of eligible expenses is $21,600, for a maximum tax credit of $6,480 per year (30% of $21,600). |