Even if you have signed as an owner-builder on the building permit: 1  you and a builder, contractor or tradesperson must enter into a written contract for domestic building work costing more than $5,000.
1 The parent who the child spends the most time with may claim the dependent. 2  If the child spends equal time between both parents, then the parent with the highest adjusted gross income may claim the dependent. 3  If only one of the taxpayers is the childâs parent, that parent may claim the dependent.
If you lived with your parents for more than half the tax year, for instance, they are generally entitled to claim you as a dependent; but if you got married during the year or primarily supported yourself, you're entitled to the exemption, which removes your parents' right to claim you.