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 [...]
Welcome to the most approachable and informative financial planning site online! Our mission: to offer objective, relevant and insightful information to help make your financial and personal life more rewarding.
Good news for Disability Tax Credit applicants
By David Christianson, BA, CFP, R.F.P., TEPTags: CRA, People with Disabilities, Taxpayers
Categories: People with Disabilities, Tax - planning
Looking Deeper into Budget 2010
By David Christianson, BA, CFP, R.F.P., TEPFor 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 [...]
Tags: CRA, Investing, People with Disabilities, RRSP
Categories: Investing, People with Disabilities, RRSPs & TFSAs
Registered Disability Savings Plan offers generous grants
By David Christianson, BA, CFP, R.F.P., TEPCanadians 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 [...]
Tags: CRA, Investing, Investor, People with Disabilities
Categories: People with Disabilities
Do You Qualify for the Disability Tax Credit?
By David Christianson, BA, CFP, R.F.P., TEPIn 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 [...]
Tags: CRA, People with Disabilities
Categories: Glossary of Terms, People with Disabilities, Planning Tools, Tips, Forms
Doctors Are Critical to Disability Tax Credit Claims
By David Christianson, BA, CFP, R.F.P., TEPTwo 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 [...]
Tags: CRA, People with Disabilities
Categories: People with Disabilities, Planning Tools, Tips, Forms, Tax - current issues














