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Overwhelmed and receiving little support?
efit (CDB). The CDB is a tax-free monthly payment for approved children under the age of 18. This amount is added to the Canada Child Benefit (CCB) that the family receives monthly. This benefit can also go back retroactively for all applicable years, up to a maximum of 10 years.
Lastly, when approved for the DTC, you will be able to open a Registered Disability Savings Plan (RDSP). This is an incredible option for those wanting to save for their loved ones, this is a long-term savings plan with generous matched contributions from the federal government by way of bonds and grants.
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How do you apply?
Most individuals find the task of applying overwhelming. Form T2201, is a whopping 16 pages, and it is generic for all disabilities. When first reading through it most individuals and doctors assume you must be severely disabled, and that you must qualify in several areas to get an approval, this is simply not true.
3 Benefits to applying and receiving a DTC approval.
1. Annual Tax Credit
2. Annual Child Disability Benefi
3. Opportunity to open a Registered Disability Savings Plan
Many doctors have not had success with the application, therefore often do not suggest applying. If you google DTC assistance, you will find many companies that provide support across the country. Taking steps to apply for this program is worth the effort and will help to alleviate some of the financial challenges you face raising a child with a disability
T.J. Firenze is a BC mother of 3 teenagers. She has successfully supported Canadians since 2017 in applying for the Disability Tax Credit. Her passion project of DTC Advocates
Some common disabilities in children that can qualify:
Autism
Anxiety
Attention Deficit Hyperactive Disorde
Depression
Development Coordination Disorder
Dyslexia
Dysgraphia
Dyscalculia
Fetal Alcohol Spectrum Disorders
Learning Disabilities
Oppositional Defiance Disorde
Obsessive Compulsive Disorder
PANDAS
Sensory Processing Disorder
Slow Processing
Speech Delay
Speech Impediment
(dtcadvocates.ca) is a generous giveback and there are no fees for the service she provides, the priority is to get money back into Canadian’s pockets.
