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.
They are credits and deductions that are tailored for people living with disabilities and the people that take care of them. It is not an automatic thing as one has to pass the eligibility criteria for this DTC to enjoy the benefits it offers. Upon qualifying for it, you will have more doors opened to other forms of deduction and credits.
It is non-refundable and it was started in order to minimize the amount in income tax paid by disabled people. There is also a supplement put in place for the children that are less than 18 years old. In order to apply for this credit, you have to go to a medical doctor who will fill out your T2201 tax form, DTC certificate before you can forward them to CRA to get approval.
In order to find out who are eligible for this program, you have to prove that you have had an impairment that is either mental or even physical which impedes your daily economic activities. You should also show that this impairment has been in existence and still will continue to affect you for 12 months continuous. You should apply for it even though you are not very sure about whether you are eligible or not.
If you have been disabled for a considerable period of time, you could have your tax returns reassessed as far as the past 10 years. Children who have had bi-polar disorder, epilepsy, Aspergers Syndrome and other common conditions are eligible for this amount. If your child has also had to cope with learning disabilities then they will also be eligible.
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 Canadian government is looking at a way of tweaking the process involved in accessing this program in order to make it available to more deserving people. There are people who believe the process is not complex. People are watching how the proposed regulations will unfold.
They are credits and deductions that are tailored for people living with disabilities and the people that take care of them. It is not an automatic thing as one has to pass the eligibility criteria for this DTC to enjoy the benefits it offers. Upon qualifying for it, you will have more doors opened to other forms of deduction and credits.
It is non-refundable and it was started in order to minimize the amount in income tax paid by disabled people. There is also a supplement put in place for the children that are less than 18 years old. In order to apply for this credit, you have to go to a medical doctor who will fill out your T2201 tax form, DTC certificate before you can forward them to CRA to get approval.
In order to find out who are eligible for this program, you have to prove that you have had an impairment that is either mental or even physical which impedes your daily economic activities. You should also show that this impairment has been in existence and still will continue to affect you for 12 months continuous. You should apply for it even though you are not very sure about whether you are eligible or not.
If you have been disabled for a considerable period of time, you could have your tax returns reassessed as far as the past 10 years. Children who have had bi-polar disorder, epilepsy, Aspergers Syndrome and other common conditions are eligible for this amount. If your child has also had to cope with learning disabilities then they will also be eligible.
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 Canadian government is looking at a way of tweaking the process involved in accessing this program in order to make it available to more deserving people. There are people who believe the process is not complex. People are watching how the proposed regulations will unfold.
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To apply for disability tax credit Canada citizens are advised to read the online information first. Find here all the facts you need at http://firstsupport.ca.
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