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.
A puzzle piece, which symbolizes Autism, and other mental health issues, in the financial advent calendar. The Disability Tax Credit is an important aspect of financial health for those with these brain injuries. #DTC #Disability
For those who have type 1 diabetes, the 2022 federal budget has an amendment added to it, to give the DTC automatically to them.
If your child has a disability, if their schooling is a specialized program for their disability the school fees can be a medical expense. You will need to have a lot of supporting evidence, but it can be claimed.
Every year an RDSP holder will receive a grant entitlement statement outlining how much in grants and bonds you may receive in the year.
Changes to Disability Tax Credit in Budget 2021 – there are proposed changes to the #DTC which will allow for inclusion of more folks under the definition. Remains to be seen what these changes are.
