Do you or a loved one qualify for the Disability Tax Credit?
If you or someone you know is sick or disabled, they may qualify for the Disability Tax Credit Certificate. This will allow them to get a non-refundable tax credit of $8,416.
When you apply for the first time, you will not get the credit automatically. It must be reviewed by CRA and can take a few months to process. Usually when it is submitted you are sent a letter asking if you want to wait for the review or they can process your return without it and do an adjustment if it is approved. CRA will also adjust other years if your doctor says the disability started in another year.
Before you fill out the application, you should ensure that you or your loved one meet the qualifications below:
- The sickness or disability must markedly restrict daily living activities.
- Part of the form must be filled out by one’s physician.
- The areas that CRA uses for its determination are as follows:
- Mental functions
- Life-sustaining therapy
If you believe you or your loved one will qualify, Nevcon Accounting can email you the form or you can download it from here.
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