Tax Credits from Retired Parents??

My parents are both just under 65. They just retired from overseas last year. Currenlty they have NO income, no CPP or Old Age or anything like that.





Question is: Given they are under 65, but we live together and they are solely depend on me %26amp; my husband's income. They are NOT disable though. Can I still claim them as dependent (e.g. for their medicial bills as my tax credits?)

Tax Credits from Retired Parents??
Hi Twinken, I have read your question carefully, and here is the simple answer for you.





AS PER CRA:





If, at any time in 2006, you (either alone or with another person) maintained a dwelling where you and a dependant lived (a spouse or common-law partner is not considered your dependant), you may be able to claim a maximum amount of $3,933. The dependant must have been one of the following individuals:





your or your spouse or common-law partner's child or grandchild; or


your or your spouse or common-law partner's brother, sister, niece, nephew, aunt, uncle, parent, or grandparent who was resident in Canada.





You cannot claim this amount for a person who was only visiting you.





In addition, you can claim an amount for more than one dependant as long as each one meets ALL of the following conditions. The dependant must have:





- been 18 or older when he or she lived with you;


- had a net income (line 236 of his or her return, or what line 236 would be if he or she filed a return) of less than $17,363; and


- been dependent on you due to mental or physical infirmity or, if he or she is your or your spouse or common-law partner's parent or grandparent, born in 1941 or earlier.





Since your parents DO NOT meet all of the above conditions, there is no claim for them on either of your tax returns, which also means that neither you nor your husband can claim your parents' medical expenses either.





http://www.cra-arc.gc.ca/tax/individuals...





I hope this information helps you.