In Canada alone it is estimated that there are over 2 million persons with disabilities and the Canadian government has come up with ways of helping them lead a normal living standard like the rest. This goes back to 1988 when the Canadian Revenue Agency introduced the disability tax credit Canada. It is sad however, that there are some people living with their disabilities and do not know about this tax credit.
It can be claimed by a physically challenged person if they do not have a taxable income that is enough. It is possible to split it with a family member who supports such persons. This is for the reason that these persons create a significant strain on the affected families and hence provides a welcome relief.
The money so realized is not to be used on services or products that are directly related to the challenge in question. It was introduced for the sole purpose of enabling the challenged people to experience financial freedom just like the fit Canadians. In order for you to access it however, you must satisfy the eligibility criteria.
In order for you to be able to apply for it you must have a significant impairment that impedes your ability to accomplish one or two routine activities in your daily life. You must also have a marked impairment in any one activity that falls under the categories listed. There are eight main areas that the Canadian Revenue Agency considers.
It also considers whether you need therapies to sustain your life or other conditions that are mainly compounded for a collective effect. The kind of disability you suffer from should also have existed continuously for over a year. The same should also be anticipated to continue existing for longer periods.
The Canadian Revenue Agency evaluates all the applications made on the basis of its own evaluation guidelines. This exact same criteria is always applied in all cases notwithstanding the circumstances of a particular underlying disability. It would be imperative that your physician duly fills and signs the T2201 form and also a certificate that bears all your physical or mental challenge details.
The form is filled once but you can request for retroactive reimbursement for periods not more than ten years back. You might also need to re-file this form in case your circumstance changes or even the level of disability changes in a significant way or some new legislation affect your eligibility. If your original eligibility was evaluated as temporary initially and the period that you were granted expires then you should reapply in case the impairment continues.
It is important to note that omissions or mistakes have made eligible persons in the past to miss out on the tax credit. This is why it is important to consider hiring the services of a professional to do all the filling for you carefully and accurately. They would enable you get the maximum benefit while avoiding the complexities of filling the details.
It can be claimed by a physically challenged person if they do not have a taxable income that is enough. It is possible to split it with a family member who supports such persons. This is for the reason that these persons create a significant strain on the affected families and hence provides a welcome relief.
The money so realized is not to be used on services or products that are directly related to the challenge in question. It was introduced for the sole purpose of enabling the challenged people to experience financial freedom just like the fit Canadians. In order for you to access it however, you must satisfy the eligibility criteria.
In order for you to be able to apply for it you must have a significant impairment that impedes your ability to accomplish one or two routine activities in your daily life. You must also have a marked impairment in any one activity that falls under the categories listed. There are eight main areas that the Canadian Revenue Agency considers.
It also considers whether you need therapies to sustain your life or other conditions that are mainly compounded for a collective effect. The kind of disability you suffer from should also have existed continuously for over a year. The same should also be anticipated to continue existing for longer periods.
The Canadian Revenue Agency evaluates all the applications made on the basis of its own evaluation guidelines. This exact same criteria is always applied in all cases notwithstanding the circumstances of a particular underlying disability. It would be imperative that your physician duly fills and signs the T2201 form and also a certificate that bears all your physical or mental challenge details.
The form is filled once but you can request for retroactive reimbursement for periods not more than ten years back. You might also need to re-file this form in case your circumstance changes or even the level of disability changes in a significant way or some new legislation affect your eligibility. If your original eligibility was evaluated as temporary initially and the period that you were granted expires then you should reapply in case the impairment continues.
It is important to note that omissions or mistakes have made eligible persons in the past to miss out on the tax credit. This is why it is important to consider hiring the services of a professional to do all the filling for you carefully and accurately. They would enable you get the maximum benefit while avoiding the complexities of filling the details.
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