Dependent Parents means your mother or father who financially rely on you. Seen in 7 SEC filings. Dependent Parents means in relation to a member, the legal or traditional parents of said member. Seen in 3 SEC filings.
The short answer is no, you cannot claim yourself as a dependent on your tax return. This is because you are considered to have your own personal exemption. In other words, you cannot claim yourself as a dependent because you are already claiming yourself as a personal exemption.
An individual claimed as a dependent must be a citizen, national, or resident of the United States, or a resident of Canada or Mexico.
To be allowed to claim your parent as a dependent, your parent's taxable income must be less than $4,700 for tax year 2023 (and $5,050 for 2024). This means that if your parent's income falls into that threshold you aren't eligible to claim them as a dependent.
Whatever the case, when it comes to your taxes, the rule is that you must be a resident of Canada in order to claim personal amounts for your dependants. The only exception is if the Canadian income on your return represents 90% or more of your total world income.
How to claim the Canada caregiver amount. If the eligible dependant is 18 years of age or older and dependent on you because of an impairment in physical or mental functions, you may also be entitled to claim an amount up to a maximum of $8,375 on line 30425.
You can claim the full amount in the year of the child's birth, death, or adoption. If the child does not live with both parents throughout the year, only the parent (or the parent's spouse or common-law partner) who claims an amount on line 30400 for that child can make the claim on line 30500.
You can claim from 20% to 35% of your care expenses up to a maximum of $3,000 for one person, or $6,000 for two or more people (tax year 2024).
In addition, the dependant must also be one of the following persons by blood, marriage, common-law partnership or adoption: your parent or grandparent. your child, grandchild, brother, or sister under 18 years of age.