What happens to tax returns of people who are declared dependants? would this impact funds like OAS, and other credits? Considering declaring a parent a dependant.

596

Returning Member

May 1, 2023 7:24:08 AM

Declaring a parent as a dependent should not impact their tax return. OAS qualification is based on their income, so it would not be impacted. Hope that helps!

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What happens to tax returns of people who are declared dependants? would this impact funds like OAS, and other credits? Considering declaring a parent a dependant.