Does there have to be a custodial parent in joint custody?
In joint physical custody both parents are custodial parents and neither parent is a non-custodial parent. Joint custody is distinct from sole custody. In sole physical custody, the child’s lives primarily in the home of one parent while the children may have visitation with the other parent.
What does joint custody with primary residence mean?
Joint physical custody, or shared parenting, means that the child lives with both parents for equal or approximately equal amounts of time. With joint physical custody, terms such as “primary custodial parent” and “primary residence” have no legal meaning other than for determining tax status.
Who claims child on taxes with child support?
Child support payments are neither deductible by the payer nor taxable income to the recipient. The payer of child support may be able to claim the child as a dependent: If the child lived with the payer for the greater part of the year, then the payer is the custodial parent for federal income tax purposes.
Can separated parents each claim a child?
The Alberta credit can save over $1,900 of provincial taxes in 2019. For shared custody arrangements, both parents would normally qualify to claim each child. It is not possible to split this claim – one parent must claim the full amount. Parents with more than one child could each claim a different child.