Yes. Since she has a job, she is filing her taxes on the income she received last year. If at any time, you were supported by her (in full or part), she can claim you.
Most people spend around 60% of their income in household expenses. The expenses include things such as mortgage, utilities and food items.
if u carry a dependent
If a firm's sales revenue exceeds its expenses, the firm has earned a profit.
No court award are not earned income.
No. The earned income tax credit is a credit received by some based on their income and lawful dependent children. It is not a deduction of any kind.
To write a budget letter explaining how you will pay your mortgage, you should be thorough. Include information on all of your income. Next include all of your expenses. Show that you have enough money to pay the mortgage plus your expenses.
Revenues are reported on the income statement in the period in which they are earned.
If you did not work during the year and he paid for over half of the expenses if keeping up the home then yes, he can claim you as a dependent on his tax return. He cannot use you as a qualifying dependent for Earned Income Tax Credit though. Also, if you do not have health insurance he could be penalized for you not having insurance if you are a dependent on his return.
Low income or having dependent children
The conditions that are needed to qualify for a mortgage in Ontario, Canada can vary from person to person. These depend mainly on one's income and expenses.
i think you can
For income tax purposes exemptions and deductions both decrease taxable income. Deductions are based on expenses actually paid, such as mortgage interest paid or charitable contributions. An exemption is an automatic dollar amount excluded from your income. In 2014, taxpayers get $3950 exemption for themselves, their spouses and each dependent claimed on their return.