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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