Feb 212016

The Disability Tax Credit (DTC) is one of the most overlooked but also most beneficial tax credit available in Canada. The disability tax credit can provide significant financial assistance when used correctly. Many Canadians incorrectly assume that you must be “disabled” in order to qualify for the disability tax credit, when in fact any medical condition may qualify.  Eligibility criteria depends on how the symptoms impact a persons ability to perform the basic activities of daily living.

The disability tax credit is unique from any other program in Canada for a number of reasons.  For one, the approval process and eligibility criteria are completely different than any other tax credit or disability benefit program in Canada.

The Disability Tax Credit is also unique because it is used by the Canadians government to determine eligibility for a number of programs, such as the Registered Disability Savings Plan (RDSP), government bonds and grants and other benefits and tax supplements.  That’s one of the many reasons why it’s important to make sure your Disability Tax Credit application gets completed properly because getting approved for the disability tax credit not only ensures eligibility for the DTC but also many other programs.

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Mar 162012
Disability Tax Credits ODSP

One misconception many people have about the Disability Tax Credit (DTC) is that it’s of no use to recipients of the Ontario Disability Support Program (ODSP).

One component of the Disability Tax Credit which most people tend focus on is the non-refundable tax credit portion of the Disability Tax Credit. This part of the credit cannot be used directly by an ODSP recipient  because it reduces taxes payable and most ODSP recipients do not have any taxes payable. That does not mean that someone on ODSP cannot take advantage of the many other benefits of Disability Tax Credit has to offer.

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Feb 282012


The Registered Disability Savings Plan (RDSP) was first introduced by the Federal Government of Canada on December 1st, 2008 to provide Canadians with disabilities a tax deferred savings vehicle. With the introduction of Disability Savings Bonds and Disability Savings Grants the RDSP offers much more than just tax savings. To say it’s just a tax savings tool would be an understatement.

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