The Canadian Disability Tax Credit is an important tax credit for Canadians with disabilities. The DTC allows you to claim credits, deductions and benefits.
Disability Credit Canada will help you get the most out of your Disability Tax Credit, CPP Disability, and Long term disability application whether you are applying for your child, your spouse or yourself. With over 90% success rate we can safely say: “If we can’t get you approved, no...
The Child Disability Benefit is a great program for parents and caregivers to take advantage of, however, there are also more options available to disabled Canadians navigate through life and save on their taxes. Other Canadian programs and tax credits worth noting include: Disability Tax Credit (...
Consequently, the additional amount is clawed back on net income exceeding $165,430 until the additional tax credit of $185 is eliminated; this results in additional federal income tax (e.g., 0.26% on ordinary income) on net income between $165,431 and $235,675. Personal tax credits The...
The continued rollout of the Canadian Dental Care Plan, extending coverage in 2024 to all eligible seniors, children, and persons with valid Disability Tax Credit certificates. The government expects that by 2025, nine million Canadians will be covered. The launch of a $1-billion Child Care Expa...
The amount has grown year over year, despite best efforts by both individual banks and the government to find owners. How to find unclaimed property Wondering if any of Canada’s unclaimed property is yours? There are two ways to search: federally and provincially. Search the federal data...
The CRD liability is imposed in the 2022 taxation year but would be payable in equal amounts over five years. Budget 2022 proposes an additional tax for members of bank and life insurer groups equal to 1.5% of the taxable income determined in the same manner as the CRD. Bank and life ...
I am trying to calculate the optimal withdrawal amount to take advantage of the disability tax credit, pension credit, and caregiver credit my mother gets from her husband. Essentially when he passes away, she loses 20K in personal tax credits. So in theory they could withdraw more. But being...
July 4, 2022 | Benefits For the diabetes category, what are the major trends in claims activity? Answer from Shawn O’Brien, Principal, Health Benefits Management, TELUS Health Diabetes appears poised to overtake rheumatoid arthritis as the top category by eligible amount. This is significant ...
OAS provides benefits to eligible citizens who have reached age 65. Complex rules determine the amount of the pension payment but an individual who has lived in Canada for 40 years after turning 18 is typically qualified to receive the full payment as of October through December 2023. The full...