If you are the caregiver of an adult relative, even if they don’t live with you, you may be able to claim the Canada Caregiver Tax Credit. Kim Parlee talks about how you may qualify, and how much you may claim.
Before 2017, you had to wade through three different caregiver credits that you may or may not have been eligible for. But now those tax credits have been rolled into one, the new Canada Caregiver Credit. Who's eligible?
People who look after an infirm family member over 18. That could be an adult, child, spouse, parent, grandparent, or other close relative who's dependent on you because of a physical or mental impairment. And unlike the tax credits before, they don't even have to live in your home in order for you to be eligible to claim new tax credit.
But if you're not sure that you qualify for the tax credit, your financial advisor can help.