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.
For those of you unaware Bill C-462 the Disability Tax Credit Promoters Restrictions Act ,was passed into law and received Royal Assent (2014-05-29) . This Disability Tax Credit Promoters Restrictions Act  summary This enactment restricts the… Read More »Bill C-462 : Protecting Disabled Canadians or a Paper Tiger ?
The CBC had an interesting story about a disabled person who had both legs removed, who had to re-file to keep their disability claim (effectively to prove their legs had not grown back). While this sounds horrible, it was most likely an admin error at the CRA, as normally they are pretty good on the disability claim side of things. The CBC however also trumpeted, Delay at CRA hurting disabled Canadians, advocates say, which is sensationalized, but has some ring of truth. The entire disability claim system is complicated and quite daunting for a lot of folks, if you want proof check out my article CRA Child Disability Benefit (How To) and the 160 comments on it from various folks asking for help. The article also talks about the private firms that folks engage to help the process that end up gouging their customers (in my opinion), which I outline in Disability Tax Credit: Please Do It Yourself. No one should be profiting on someone’s disability claim. I also agree with the assertion that the system needs to be made simpler for the average person to make a claim, or there needs to be more help for those folks. The CRA does have a Nurse on call that can help out with disability claims, if you tweet their account (so keep that in mind as well).
Sad to hear we have lost another great musician with the death of Prince this week. Remember folks, your hero age the same way you do. I never saw Prince live, but evidently it was something else.
Remember that your tax deadline is April 30th, and there is no extension planned by the CRA. You had your chance to have free Turbotax, although I have 5 licenses to give away, and only 3 comments on my giveaway post, who knows?
The Queen turns 90, and continues to work a withering (to me) schedule of events. I have problems getting to work in the morning, and this nonagenarian still works harder? I gotta step up my game, God Save the Queen!
Another week where I wasn’t overly motivated to write. I assume this is a short lull, so I continue to find older writings from my archive of over 220 unfinished posts, with A Personal Spending Surplus ? If you have a spending surplus, you should pay off debt, and then once that is done, you should save it, stop lifestyle creep!
Read More »Disabilities, Tax Time, The Queen and #MoneyStoriesTime is the only limited resource in your financial plan, keep that in mind!
About three weeks ago we mailed in (via certified mail, so we got a tracking ID for the envelope we sent to the CRA) our re-application for the disability tax credit certificate (DTC) for my… Read More »Notice of Determination on Disability Tax Credit
For many folks, their DTC has a lifespan and will expire, so check to see when you must re-apply for the disability tax credit
It is important to give tax tips for parents with kids that have disabilities, as they deserve all the help we can give them!
