One of the best ways to
get income tax money back from the government is the Disability Tax Credit Canada.
It is also one of the least suitably named tax credit in Canada. Most
people do not consider the CRAdisability tax credit because they do not consider themselves disabled. But
it is actually planned for people with a wide range of physical impairments,
and its requirements are very broad.
Who can avail?
If one live with an
impairment that makes one difficulty in dressing, conversation, reading,
writing, or walking, the chances are that one will qualify for the tax credit. All
the relevant expenses from the taxable income can be deducted and can receive a
large refund each year.
How to apply?
One needs to submit only a
short application, which can be submitted at any time of the year. The
application ensures that the individual is disabled, and has been for a period
of over past twelve months. The application is required to be approved by the
applicant’s certified medical practitioner.
Whom to consult?
Unfortunately, the Disability Tax Credit Canada is
relatively uncommon, that many doctors are unaware of what really makes a
patient eligible, and mistakenly refuse to approve the claim. That is why; it is
a good idea to use the services of a professional accountant, who can provide
right directions to the applicant. Probabilities are that an accountant will
determine eligibility with greater accuracy than a medical practitioner.
The CRA disability tax credit also allows a wide range of expenses to
be claimed once the application is accepted. If one has a sports injury that
caused impairment for over a year, one can deduct the cost of physical therapy,
orthopaedic and similar costs. Mentally disordered person can also claim the Disability Tax Credit Canada, as long
as they could not do the day-to-day mental functions. Anyone who is severely mentally
disabled will qualify for the credit and deduct costs.
