School Fees as a Medical Expense
If your child has a disability, if their schooling is a specialized program for their disability the school fees can be a medical expense. You will need to have a lot of supporting evidence, but it can be claimed.
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Disability Tax Credit
The disability tax credit is the money the CRA gives folks with disabilities (or their parents) after the CRA has OK’ed the disability. To quote the CRA on this:
The disability tax credit (DTC) is a non-refundable tax credit that
helps persons with disabilities or their supporting persons reduce the
amount of income tax they may have to pay. An individual may claim
the disability amount once they are eligible for the DTC. This amount
includes a supplement for persons under 18 years of age at the end
of the year.
Applying for the DTC can be a cumbersome process, however, I strongly suggest not using any external firm for help, you can do this yourself, and you should, to ensure you keep the money that is due to you.
RDSP Grant Entitlement Statement 2022
Every year an RDSP holder will receive a grant entitlement statement outlining how much in grants and bonds you may receive in the year.
Changes to Disability Tax Credit
Changes to Disability Tax Credit in Budget 2021 – there are proposed changes to the #DTC which will allow for inclusion of more folks under the definition. Remains to be seen what these changes are.
RDSP Grant Entitlement Statement 2021
A yearly statement of grant entitlement is sent each year to RDSP holders to tell them how much the government will help out each year.
More RDSP and DTC Talk
More clarifications on my part about the RDSP and DTC and how they work together. The program is slowly being clarified, and refined by the Government, but the latest changes do seem to make life simpler for the beneficiaries.
