The DTC is a non-refundable tax credit that can help reduce the amount of income tax you may owe if you have a severe and prolonged impairment in physical or mental functions.
You may be eligible if you have an impairment that:
- Is severe and prolonged
- Significantly affects your ability to perform certain basic activities of daily living, or results in significant limitations in multiple areas
- Has lasted, or is expected to last, for at least 12 months
- Is certified by an appropriate medical practitioner
The DTC can apply to a wide range of circumstances, including certain limitations involving:
- Walking
- Mental functions
- Hearing
- Vision
- Speaking
- Feeding
- Dressing
- Eliminating
- Life-sustaining therapy
Approval is based on the CRA’s eligibility requirements and the effects of the impairment. Being approved for the DTC may provide more than just a reduction in income tax. Depending on your circumstances, DTC eligibility may also help you access other programs and benefits, such as the Child Disability Benefit, Canada Disability Benefit, Registered Disability Savings Plan (RDSP), and other certain provincial or territorial benefits.
Once approved, our firm can assist in completing the adjustments for previous eligible tax returns to include the credit.
Not sure if you or a family member qualifies? Contact us today so we can help you understand the tax side of the DTC and assist in reviewing your situation and supporting documents.
Contact Fulcrum Group for more information – (780) 532-4641
More information can be found on CRA’s website:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/segments/tax-credits-deductions-persons-disabilities/disability-tax-credit/eligible-dtc.html