For those suffering from any form of disability, it is important to understand that the government has put in place a number of measures to caution them against the tough reality of life. However, in order to take advantage of these benefits set aside by the government, you need to get informed on what exactly it is that you can enjoy from and whether you qualify for the same or not. The disability tax credit is considered a non-refundable tax-credit used to reduce the tax burden (income tax) for those who are eligible.
However, how well do those eligible understand how to take advantage of these benefits? This is the big question. To begin with, there is a list from the government authorities outlining all the conditions that can be used to determine if an individual qualifies or not. In broad terms, the conditions can either be associated with a physical impairment, mental illness or chronic conditions that have a significant hindrance to the life of the individual.
The first step is always to find at if you qualify and what particular benefit you qualify for. Generally, the conditions are classified into physical impairment and mental conditions that hinder normal life quality. These are the people who have to spend a lot of their income in treatment and their professional life as well as social life gets disrupted.
This benefit is described as a non-refundable tax credit and is used to lower the income tax burden for the disabled. The eligibility is the issue. Basically, the eligibility can be determined by looking at three factors. These are the pre-conditions for eligibility. The first consideration is a strong case of an impairment of the physical or mental condition.
As to the question of eligibility, it can vary widely from one person to the next. However, there are three pre-conditions to help determine the eligibility. The first condition is a strong case of an impairment of the physical or mental function of an individual. The second condition is that this impairment has been persistent or is likely to persist for a period not less than one year. The last condition is the confirmation by a licensed health professional which culminates in being given a certificate that allows for this kind of tax credit.
There are lists of conditions that may make you qualify, but the list is not limiting. This is why a qualified doctor needs to conduct an assessment and certify whether one qualifies or not. Once confirmed, the next process is to apply for the benefit.
However, a big majority of those who qualifies may no longer be earning any income or may have never had any income in their life. If someone is working and he/she get injured, fall sick or became disabled for any other reason, their life or professional life gets affected and most may stop working. There is no need to pity yourself just because you don't have taxable income.
Just take a step to transfer the benefits to your common-law partner. This can be your spouse or the person supporting you, only that both of you have to be resident citizens. Well, this benefit may not take away all the problems caused by the condition, however, it is best to take steps to claim the benefits.
However, how well do those eligible understand how to take advantage of these benefits? This is the big question. To begin with, there is a list from the government authorities outlining all the conditions that can be used to determine if an individual qualifies or not. In broad terms, the conditions can either be associated with a physical impairment, mental illness or chronic conditions that have a significant hindrance to the life of the individual.
The first step is always to find at if you qualify and what particular benefit you qualify for. Generally, the conditions are classified into physical impairment and mental conditions that hinder normal life quality. These are the people who have to spend a lot of their income in treatment and their professional life as well as social life gets disrupted.
This benefit is described as a non-refundable tax credit and is used to lower the income tax burden for the disabled. The eligibility is the issue. Basically, the eligibility can be determined by looking at three factors. These are the pre-conditions for eligibility. The first consideration is a strong case of an impairment of the physical or mental condition.
As to the question of eligibility, it can vary widely from one person to the next. However, there are three pre-conditions to help determine the eligibility. The first condition is a strong case of an impairment of the physical or mental function of an individual. The second condition is that this impairment has been persistent or is likely to persist for a period not less than one year. The last condition is the confirmation by a licensed health professional which culminates in being given a certificate that allows for this kind of tax credit.
There are lists of conditions that may make you qualify, but the list is not limiting. This is why a qualified doctor needs to conduct an assessment and certify whether one qualifies or not. Once confirmed, the next process is to apply for the benefit.
However, a big majority of those who qualifies may no longer be earning any income or may have never had any income in their life. If someone is working and he/she get injured, fall sick or became disabled for any other reason, their life or professional life gets affected and most may stop working. There is no need to pity yourself just because you don't have taxable income.
Just take a step to transfer the benefits to your common-law partner. This can be your spouse or the person supporting you, only that both of you have to be resident citizens. Well, this benefit may not take away all the problems caused by the condition, however, it is best to take steps to claim the benefits.
About the Author:
Find out whether you are eligible for disability tax credit in Canada by reviewing the related info online. The website you should check out right away is enclosed here http://firstsupport.ca.
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