Federal Income - Child Tax Credit

[Ontarkie 14,193]

Am I reading this right on the 1040 Instructions?

On Step Two for determining whether or not a child is a qualifying dependent the instructions state:

Was the child a U.S. citizen, U.S. national, U.S. resident alien, or a resident of Canada or Mexico? If the child was adopted, see Exception to citizen test on page 20.

Notice the clause "or a resident of Canada or Mexico" is included, but on Step Three for determining eligibility for child tax credit that the clause is not included.

So our question is if the child has moved here before July 1, 2007 but does not yet have a green card are we eligible for the child tax credit?

[Dakine 26]

Am I reading this right on the 1040 Instructions?

On Step Two for determining whether or not a child is a qualifying dependent the instructions state:

Was the child a U.S. citizen, U.S. national, U.S. resident alien, or a resident of Canada or Mexico? If the child was adopted, see Exception to citizen test on page 20.

Notice the clause "or a resident of Canada or Mexico" is included, but on Step Three for determining eligibility for child tax credit that the clause is not included.

So our question is if the child has moved here before July 1, 2007 but does not yet have a green card are we eligible for the child tax credit?

If the child has a SSN should be OK. I tried for my septdaugher when she was still in the Philippines and IRS wouldn't allow it. They denied the ITIN application.

Worked for my wife tho.

[Ontarkie 14,193]

err, sorry "here" means the US

Am I reading this right on the 1040 Instructions?

On Step Two for determining whether or not a child is a qualifying dependent the instructions state:

Was the child a U.S. citizen, U.S. national, U.S. resident alien, or a resident of Canada or Mexico? If the child was adopted, see Exception to citizen test on page 20.

Notice the clause "or a resident of Canada or Mexico" is included, but on Step Three for determining eligibility for child tax credit that the clause is not included.

So our question is if the child has moved here before July 1, 2007 but does not yet have a green card are we eligible for the child tax credit?

[Kathryn41 3,205]

From my understanding, once the child is no longer residing in Canada, the parent is no longer eligible to receive the CTB. The same goes for the GST credit. If you do receive a payment after the child has left the country - and Revenue Canada will find this out when you file your final tax return (a regular return that lists the date you left the country), you will be required to pay it back. They will take this out of any income tax rebate you expect to receive. You may wish to check the Canada Revenue Agency web page - it has all sorts of useful information and pamphlets on emmigrating from Canada and what you need to do. As well, make sure you do provide CRC with your new mailing address - they will mail you the necessary forms in the mail and then you will return them to the International Tax Office.

[Jeremy + Kristy 0]

From my understanding, once the child is no longer residing in Canada, the parent is no longer eligible to receive the CTB. The same goes for the GST credit. If you do receive a payment after the child has left the country - and Revenue Canada will find this out when you file your final tax return (a regular return that lists the date you left the country), you will be required to pay it back. They will take this out of any income tax rebate you expect to receive. You may wish to check the Canada Revenue Agency web page - it has all sorts of useful information and pamphlets on emmigrating from Canada and what you need to do. As well, make sure you do provide CRC with your new mailing address - they will mail you the necessary forms in the mail and then you will return them to the International Tax Office.

The Ontarkie is talking about the Form 1040, so I'm assuming they are talking about whether or not the step-child is a dependent for the purposes of US taxes. However, I'm not sure. There's a US/Canadian tax prep guy right around the corner from my house. I'm going to have him do my taxes this year. That's definitely one of the bonuses of living on a border town.