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28
May
2010

Good news for Disability Tax Credit applicants

By David Christianson, BA, CFP, R.F.P., TEP

Is there a doctor in the house?
This article is aimed at physicians, optometrists, audiologists, occupational therapists, physiotherapists, psychologists, and speech-language pathologists, all of whom are considered “qualified practitioners” to certify that a person is eligible for the Disability Tax Credit.
Good news is that the Canada Revenue Agency has made huge improvements to its website to [...]

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Categories: People with Disabilities, Tax - planning

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19
Mar
2010

Looking Deeper into Budget 2010

By David Christianson, BA, CFP, R.F.P., TEP

For many people, the recent federal government Budget was a non-event.
However, for two groups of people – those eligible to set up a Registered Disability Savings Plan (RDSP) and those who have company stock options through their employer – there were significant and potentially profound improvements.
RDSP Changes
Let’s look first at RDSPs.  These plans became available [...]

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Categories: Investing, People with Disabilities, RRSPs & TFSAs

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29
Dec
2009

Registered Disability Savings Plan offers generous grants

By David Christianson, BA, CFP, R.F.P., TEP

Canadians with disabilities and their families now have a new tax-deferred method of accumulating capital to look after their future financial needs.   Growth of that capital can be assisted significantly by up to $70,000 of government grants and $20,000 of government bonds, as well.
The deadline for a contribution that will attract a  government grant or [...]

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Categories: People with Disabilities

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26
Oct
2009

Do You Qualify for the Disability Tax Credit?

By David Christianson, BA, CFP, R.F.P., TEP

In the spring, we wrote about the Disability Tax Credit (DTC) and how this is a poorly understood and under-claimed tax benefit.
That remains the case.
It’s a surprise to most doctors and other people who are not tax professionals that many people with “minor” disabilities who are working full time or otherwise fully engaged could qualify [...]

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Categories: Glossary of Terms, People with Disabilities, Planning Tools, Tips, Forms

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26
Oct
2009

Doctors Are Critical to Disability Tax Credit Claims

By David Christianson, BA, CFP, R.F.P., TEP

Two weeks ago, we ran a column about the Disability Tax Credit (“DTC”), called “the disability amount” on your income tax return.
Many Canadian taxpayers who qualify for this credit are not receiving it. As factors, we identified the complexity of the form and the fact that many people who might qualify don’t think of themselves [...]

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Categories: People with Disabilities, Planning Tools, Tips, Forms, Tax - current issues

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