People with disabilities are often provided with different services and programs to help them move on with life. These are mainly aimed at helping these people to manage the extra expenses they incur to enable them play their part n a society. One of these great programs is for example the disability tax credit Canada.
They are credits and deductions that are tailored for people living with disabilities and the people that take care of them. It is not an automatic thing as one has to pass the eligibility criteria for this DTC to enjoy the benefits it offers. Upon qualifying for it, you will have more doors opened to other forms of deduction and credits.
This tax credit is usually non-refundable and is meant to reduce the income tax payable by people who have disabilities. It also includes a supplement of there is a child under 18 years of age. A medical professional has to sign after filling out the T2201 tax form, certificate and then the same is forwarded to the CRA for approval.
The persons who are eligible for this program are those who have physical or mental impairment which affects their daily activities that enable them to earn a living. This impairment should have persisted or is expected to last for a period of 12 continuous months. It is advisable to apply for it even if you have doubts that you would be eligible for it as there is harm.
If you have been dealing with your disabilities for a long time, it is possible to have your tax returns assessed afresh over the last 10 years. Children who suffer from conditions such as epilepsy, bi-polar disorder, Aspergers Syndrome and other similar conditions are also eligible for this program. Children who also suffer from learning disabilities can also get this amount.
If you are a caregiver, then you also qualify to receive some reprieve so as to less your expenses that you face when taking care of the disabled person. You will be getting this amount as a form of relief for your work and lessen your stress. It was formulated in order to ensure that caregivers are also well appreciated for their efforts.
In the recent past, there have been calls for the process of claiming the DTC to be reviewed as some people feel that it is too complex. Most parties claim that they are forced to pay huge sums of money in order to access it and this is the reason many people do not apply for it although they are eligible. People who have lower incomes also shun away from it thinking that it would not benefit them which is wrong as it qualifies them for other government programs.
The government in Canada is on the process of tweaking the application process in order to bring more people on board. There are some quarters who claim that the process is not complex at all. The disabled people are watching how the various regulations that had been proposed will play out.
They are credits and deductions that are tailored for people living with disabilities and the people that take care of them. It is not an automatic thing as one has to pass the eligibility criteria for this DTC to enjoy the benefits it offers. Upon qualifying for it, you will have more doors opened to other forms of deduction and credits.
This tax credit is usually non-refundable and is meant to reduce the income tax payable by people who have disabilities. It also includes a supplement of there is a child under 18 years of age. A medical professional has to sign after filling out the T2201 tax form, certificate and then the same is forwarded to the CRA for approval.
The persons who are eligible for this program are those who have physical or mental impairment which affects their daily activities that enable them to earn a living. This impairment should have persisted or is expected to last for a period of 12 continuous months. It is advisable to apply for it even if you have doubts that you would be eligible for it as there is harm.
If you have been dealing with your disabilities for a long time, it is possible to have your tax returns assessed afresh over the last 10 years. Children who suffer from conditions such as epilepsy, bi-polar disorder, Aspergers Syndrome and other similar conditions are also eligible for this program. Children who also suffer from learning disabilities can also get this amount.
If you are a caregiver, then you also qualify to receive some reprieve so as to less your expenses that you face when taking care of the disabled person. You will be getting this amount as a form of relief for your work and lessen your stress. It was formulated in order to ensure that caregivers are also well appreciated for their efforts.
In the recent past, there have been calls for the process of claiming the DTC to be reviewed as some people feel that it is too complex. Most parties claim that they are forced to pay huge sums of money in order to access it and this is the reason many people do not apply for it although they are eligible. People who have lower incomes also shun away from it thinking that it would not benefit them which is wrong as it qualifies them for other government programs.
The government in Canada is on the process of tweaking the application process in order to bring more people on board. There are some quarters who claim that the process is not complex at all. The disabled people are watching how the various regulations that had been proposed will play out.
About the Author:
To apply for disability tax credit Canada citizens are advised to read the online information first. Find here all the facts you need at http://firstsupport.ca.
ليست هناك تعليقات:
إرسال تعليق