Disability Tax Credit Frequently Aske
Our Disability Credit Consultants are here to assist you with all questions you may have. Here are some of the most frequently asked questions about the Disability Tax Credit and how we work.
1. What is the Disability Tax Credit or Disability Tax amount?
The Disability Tax Credit, also known as a Disability Tax Amount, is a nonrefundable tax credit used to reduce income tax payable for eligible individuals.
2. Who is eligible for the Disability Tax Credit?
Individuals eligible for the Disability Tax Credit should have impairment in physical or mental functions that has lasted or is expected to last for a continuous period of at least 12 months. A qualified practitioner certifies that the impairment is severe and prolonged.
3. Which physical and mental disabilities affecting an individual could make him/her eligible for the Disability Tax Credit?
To see the list of disabilities eligible for tax credit please visit our “Disabilities List� page.
4. My son/daughter is under 18 and has a disability. Can she claim the Disability Tax Credit even if she/he does not have a taxable income?
Yes. The Disability Tax Credit can be transferred to supporting family members so that the child with disability can claim the Disability Tax Credit.
4. Will I still be legible to apply for the Disability Tax Credit even if I do not have a taxable income because my disability prevented me from going to work? Yes. The Disability Tax Credit can be transferred to supporting family members to reduce their taxable income. Eligibility for the Disability Tax Credit is not solely determined by your annual taxable income.
Contact Us For more information visit us at
http://disabilitycreditconsultants.ca/