Canada Babies

Tax Question

Does having a LO help at all with our returns? 

Re: Tax Question

  • Not sure, I did our taxes yesterday and I am claiming LO as a dependant and getting back over $900 and DH is getting back over $1,000, but I think DH is getting so much back because he is claiming tuition for two intakes at school, so almost $1500.
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  • Yes, you can claim them as dependents, but I think it really depends on all the other factors in your situation as to how much of a difference it makes on your return. Ours didn't change by much when we had DD; I'm curious to see if it'll change now that we have two.
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