Gerrard Bensen lives with his wife and their two children. His wife's income is less than the basic personal tax credit amount. Two years ago, his mother who is 72 years old and extremely healthy, moved in with him. Her Net Income For Tax Purposes for 2020 is $18,400. Determine the amount of Gerrard's Canada caregiver tax credit, if any, for 2020.

Question

Quizplus · Accepted Answer

The Answer of Gerrard Bensen lives with his wife and their two children. His wife's income is less than the basic personal tax credit amount. Two years ago, his mother who is 72 years old and extremely healthy, moved in with him. Her Net Income For Tax Purposes for 2020 is $18,400. Determine the amount of Gerrard's Canada caregiver tax credit, if any, for 2020.

Gerrard Bensen Lives with His Wife and Their Two Children