Do you or someone you know have a chronic medical issue such as IBS, hearing issues, or anxiety? You may be eligible for a Disability Tax Credit.

Any Canadian, of any age, who has a significant health condition, may qualify for the Disability Tax Credit.

What is a Disability Tax Credit?

Have you ever wondered what is a Disability Tax Credit is, or how to save in income taxes paid?

The Disability Tax Credit (DTC) is a tax credit for persons with medical conditions, or their supporting person, to reduce the amount of income tax they pay.  It can be retroactive for up to 10 years previous.

What would you do with an extra $10,000.00?

If you are a taxpayer who is helping a family member that has a chronic medical condition, and that family member doesn’t pay income taxes, you may benefit.

How does one qualify? Any Canadian, of any age, who has a significant health condition, may qualify for the Disability Tax Credit. So, that is birth to death and a supporting person may apply for a deceased family member for up to 2 years after the person with the health issues has passed away. To see examples of some conditions, check out our webpage The diagnosis is NOT the qualifying factor, it is how the condition affects one’s daily living! 

The DTC is a gateway to other federal, provincial or territorial programs such as the Registered Disability Savings Plan (RDSP), and the child disability benefit. Once eligible for the DTC, persons can then apply for other such programs.

If you or a family member has a chronic medical condition you may be entitled to a Disability Tax Credit. To find speak to a Disability Tax credit advocate. Canada Revenue Agency has information the deters most people from ever applying.  Many qualify but don’t know how to get successful applications.

Article provided by (SOS Supportive Options & Solutions)