Only one Owner Builder Permit can be issued within any five-year period, unless the application and any earlier permit relate to the same land and to related Owner Builder Work, or unless special circumstances exist. An owner-builder permit is not a building licence.
Both parents can claim a partial deduction for a dependent on their tax withholding forms if certain criteria are met. In general, the deductions can be shared only if the parents are filing jointly and are not sharing a household.
If both spouses have earned income, it is possible to claim the Foreign Earned Income Exclusion on only one of the spouseâs earnings, thereby, making the other spouseâs earnings eligible for the additional child tax credit.