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I already have set up with CRA that I only receive 50% of child tax benefit but my question is this the first time I am preparing my return with Turbo tax desktop and how do I enter that I only receive 50% of the child tax benefit so that Turbo tax is only showing my entitlement at 50%?
You do not actually "claim" or "report" the CCB amount on your tax return. Because the CCB is a tax-free benefit, it does not count as income, and there is no line on the T1 General form to enter how much you received.
However, you still need to set up your Dependant Profile correctly in TurboTax to ensure your other credits (like the "Amount for an Eligible Dependent") are calculated correctly.
The software estimates your tax refund, but the CRA calculates your CCB entitlement separately after they receive your filed return.
Is there shared custody of a child?
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