Tuesday, May 17, 2016

Appreciating Disability Tax Credit Canada

By Daniel Graham


There are a number of services and programs that have been made available for persons with disabilities. They are aimed at assisting these persons as well as their care givers to cope with the additional expenses they encounter to enable them to participate fully in a society. In Canada for example, there is the disability tax credit Canada to assist this groups of persons.

This refers to some credits and also deductions that are made for the people who live with the disabilities and the people who also offer them a caring hand daily. For the disabled person to enjoy this service, they have to be eligible for it. If you are disabled then you should apply for it as qualifying for it leads to other doors of opportunities opening up for you in other similar programs.

The credit is non-refundable and was developed to help reduce the amount in tax these persons paid on their incomes. It also offers a supplement if you have any child below the age of 18 years involved. For you to apply for this DTC, you have to make sure you get a medical professional fill up your tax form known as the T2201, a DTC certificate and then the application is taken to the CRA to get approved.

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 are able to prove that your disability has been there for a longer period of time, you will be able to have your returns on tax reassessed over the past 10 years. Children who suffer from a number of conditions namely; bi-polar disorder, epilepsy, Aspergers Syndrome and other similar ones could benefit from this program. Children with learning disabilities also qualify for it.

Caregivers on the other hand are entitled to this amount, if you take care of a disabled person then you ought to apply for it in order to be able to offset some of your expenses from it. This will be a way of offering you some form of relief for your hard work and also the amount of stress you have to live with as you care for such persons. It was started as a way of showing appreciation to such caregivers.

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.




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