TurboTax: Form ON428 Line 58160

 

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Relevant Material: "Line 58160 on a Canadian provincial tax form (Form 428) is where you claim the Amount for an Eligible Dependant. This amount provides a non-refundable tax credit, which reduces the amount of provincial income tax you owe. 

Significance
The significance of line 58160 is that it allows an individual to claim a provincial tax credit similar to the federal amount for an eligible dependant (claimed on line 30400 of the federal return). This credit is available if you meet specific criteria set by the Canada Revenue Agency (CRA). 
Key Conditions
To claim this amount, you must generally meet the following conditions for the relevant tax year:
  • You must have supported a dependant who lived with you in a dwelling you maintained.
  • The dependant was a relative (e.g., child, grandchild, parent, grandparent, etc.).
  • The dependant's net income must be below a specific threshold (this amount varies by province/territory and tax year).
  • You cannot claim this amount if you are already claiming a spouse or common-law partner amount on line 58120.
  • Only one person can claim this amount for the same dependant. 
The specific value of the tax credit and the exact income threshold depend on your province or territory of residence and the tax year in question (e.g., Manitoba vs. Nova Scotia). 
For detailed guidance, you should consult the official Canada.ca information for your specific province and tax year..." (Google) 
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